Name: Latest research reports of Mahindra & Mahindra Financial Services Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Mahindra & Mahindra Financial Services Ltd.
Rating: 4
Author: Geojit BNP Paribas

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	14 Mar 2025	M&M Financial	Consensus Share Price Target	271.35	300.12	-	10.60	buy	pdf Detailed Estimates
	19 Feb 2025	M&M Financial	Geojit BNP Paribas Target	271.35	314.00	278.40 (-2.53%)	15.72	Accumulate	pdf post cache	Broker Report MAHINDRA & MAHINDRA FIN. SERV. LTD Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	05 Feb 2025	M&M Financial	Sharekhan Target	271.35	340.00	298.45 (-9.08%)	25.30	Buy	pdf post cache	Broker Report Mixed bag Q3 Sharekhan Net earnings significantly beat estimates due to negligible credit costs driven by reversal of provisions. NII beat estimates, rising 3.2% to Rs. 1,911 crore, growing by 12.5%/5.6% (y-o-y/q-o-q) driven by AUM growth and higher than expected yield on portfolio. pdf Copy Link Share on Share on Share on Share on Alert
	29 Jan 2025	M&M Financial	Emkay	271.35	360.00	270.00 (0.50%)	32.67	Buy	pdf post cache	Broker Report Steady quarter; ECL model changes drive the earning beat Emkay MMFS delivered a stable quarter in terms of growth, margins, and credit costs. Quarterly PAT stood at ~Rs9bn, with the beat primarily driven by minimal credit costs, which resulted from the ECL-model refresh (leading to lower PD and LGD estimates). pdf Copy Link Share on Share on Share on Share on Alert
	23 Oct 2024	M&M Financial	Emkay	271.35	360.00	267.55 (1.42%)	32.67	Buy	pdf post cache	Broker Report Credit cost to normalize in H2; reiterate BUY Emkay Driven by the surge in credit cost (Q2: Rs7.0bn vs our estimate of Rs5.0bn and Q1: Rs4.5bn), MMFS reported weaker profitability in Q2FY25, with PAT at Rs3.7bn logging significantly below our estimate of Rs5.0bn. pdf Copy Link Share on Share on Share on Share on Alert
	18 Oct 2024	M&M Financial	Emkay Reco Target	271.35	360.00	282.15 (-3.83%)	32.67	Buy	pdf post cache	Broker Report Inflection point around the corner; valuation palatable; upgrade to BUY Emkay We upgrade MMFS to BUY with our revised Sep-25E TP of Rs360 (implying FY26E P/BV of 2x; up from Rs280 earlier). pdf Copy Link Share on Share on Share on Share on Alert
	01 Oct 2024	M&M Financial	Emkay	271.35	270.00	330.10 (-17.80%)	Target met	Sell	pdf post cache	Broker Report Corner office view: Aims for profitable growth with lower volatility and better predictability Emkay We recently met Raul Rebello (MD & CEO) and Vivek Karve (CFO) of MMFS for an update on the company’s strategy and recent developments in the sector and the company. pdf Copy Link Share on Share on Share on Share on Alert
	07 Aug 2024	M&M Financial	Geojit BNP Paribas Target	271.35	330.00	303.80 (-10.68%)	Target met	Accumulate	pdf post cache	Broker Report MAHINDRA & MAHINDRA FIN. SERV. LTD Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	24 Jul 2024	M&M Financial	Emkay Target	271.35	270.00	298.70 (-9.16%)	Target met	Sell	pdf post cache	Broker Report Satisfactory performance; reiterate REDUCE on profitability challenges Emkay MMFS reported a satisfactory set of numbers in Q1FY25, with PAT at Rs5.1bn coming below our estimate of Rs5.4bn and marginally above consensus estimate of ~Rs5bn. pdf Copy Link Share on Share on Share on Share on Alert
	24 Jul 2024	M&M Financial	Anand Rathi	271.35	340.00	298.70 (-9.16%)	Target met	Buy	pdf post cache	Broker Report Steady growth, better asset quality; maintaining a Buy Anand Rathi Steady AUM growth, led by premiumization. Barring tractors, disbursements were healthy, which drove AUM up 23% y/y, 4% q/q. pdf Copy Link Share on Share on Share on Share on Alert
	24 Jul 2024	M&M Financial	IDBI Capital Reco	271.35	325.00	298.70 (-9.16%)	Target met	Hold	pdf post cache	Broker Report M&M Financial Services: Q1FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	24 Jul 2024	M&M Financial	Motilal Oswal Target	271.35	350.00	298.70 (-9.16%)	28.98	Buy	pdf post cache	Broker Report Operationally weak; earnings in line due to low credit costs Motilal Oswal Mahindra & Mahindra Financial’s (MMFS) 1QFY25 PAT grew ~45% YoY to ~INR5.1b (in line). NII stood at INR17.8b (5% miss), up ~13% YoY. pdf Copy Link Share on Share on Share on Share on Alert
	16 May 2024	M&M Financial	Geojit BNP Paribas Reco Target	271.35	287.00	266.65 (1.76%)	Target met	Hold	pdf post cache	Broker Report MAHINDRA & MAHINDRA FIN. SERV. LTD Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	07 May 2024	M&M Financial	Emkay	271.35	260.00	256.90 (5.62%)	Target met	Sell	pdf post cache	Broker Report Satisfactory performance; reiterate REDUCE on lowering of FY25 guidance Emkay MMFS reported a satisfactory performance in Q4FY24, against the backdrop of the already disclosed large-scale fraud at Company’s Aizawl branch comprising of ~2.9K loan accounts and ~Rs1.36bn worth of loans pdf Copy Link Share on Share on Share on Share on Alert
	07 May 2024	M&M Financial	IDBI Capital Target	271.35	325.00	256.90 (5.62%)	Target met	Buy	pdf post cache	Broker Report M&M Financial Services: Q4FY24 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	06 May 2024	M&M Financial	Sharekhan	271.35	345.00	259.90 (4.41%)	27.14	Buy	pdf post cache	Broker Report Adjusted earnings broadly in line Sharekhan Net interest income (NII) at Rs. 1,812 crore (marginally above estimates) grew by 13% y-o-y/ 7% q-o-q. NIMs (cal.) improved by 14 bps q-o-q to 7.3%. pdf Copy Link Share on Share on Share on Share on Alert
	24 Apr 2024	M&M Financial	Emkay Reco Target	271.35	260.00	257.95 (5.19%)	Target met	Sell	pdf post cache	Broker Report Sizable fraud detected in branch in the Northeast Emkay On 22-Apr-2024, MMFS informed the exchanges that it has detected a fraud in one of its branches in the Northeast that involved forged KYC documents for retail vehicle loan disbursements, thus leading to embezzlement of Company’s funds pdf Copy Link Share on Share on Share on Share on Alert
	31 Jan 2024	M&M Financial	Motilal Oswal Target	271.35	340.00	289.20 (-6.17%)	Target met	Buy	pdf post cache	Broker Report Earnings on track after two quarters of setbacks Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	28 Oct 2023	M&M Financial	Motilal Oswal Target	271.35	330.00	277.30 (-2.15%)	Target met	Buy	pdf post cache	Broker Report Earnings volatile; Second consecutive quarter of big miss Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	05 Sep 2023	M&M Financial	Sharekhan Target	271.35	345.00	292.65 (-7.28%)		Buy	pdf post cache	Broker Report M&M Financial Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	29 Aug 2023	M&M Financial	Motilal Oswal Target	271.35	350.00	293.15 (-7.44%)		Buy	pdf post cache	Broker Report Earnest attempt at a credible transformation! Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
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Mahindra & Mahindra Financial Services Ltd. share price target

Mahindra & Mahindra Financial Services Ltd. has an average target of 338.17. The consensus estimate represents an upside of 24.63% from the last price of 271.35. View 16 reports from 6 analysts offering long-term price targets for Mahindra & Mahindra Financial Services Ltd..

MAHINDRA & MAHINDRA FIN. SERV. LTD

Mixed bag Q3

Steady quarter; ECL model changes drive the earning beat

Credit cost to normalize in H2; reiterate BUY

Inflection point around the corner; valuation palatable; upgrade to BUY

Corner office view: Aims for profitable growth with lower volatility and better predictability

MAHINDRA & MAHINDRA FIN. SERV. LTD

Satisfactory performance; reiterate REDUCE on profitability challenges

Steady growth, better asset quality; maintaining a Buy

M&M Financial Services: Q1FY25 Result Review

Operationally weak; earnings in line due to low credit costs

MAHINDRA & MAHINDRA FIN. SERV. LTD

Satisfactory performance; reiterate REDUCE on lowering of FY25 guidance

M&M Financial Services: Q4FY24 Result Review

Adjusted earnings broadly in line

Sizable fraud detected in branch in the Northeast

Earnings on track after two quarters of setbacks

Earnings volatile; Second consecutive quarter of big miss

M&M Financial

Earnest attempt at a credible transformation!

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