Mahindra & Mahindra Financial Services has received credit ratings from India Ratings and Research as under: Non convertible debentures (Rs 39,000 crore) - 'IND AAA'/ Outlook Stable Retail Non-convertible Debentures (Rs 10,000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt) Private Sub Debt (Rs 3450 crore) - 'IND AAA'/ Outlook Stable Principal Protected Market Linked Debenture (Rs 1500 crore) - IND PP-MLD AAA/Stable Retail Subordinate Debt (Rs 3000 crore) - 'IND AAA'/ Outlook Stable Commercial Paper (Rs 15,000 crore) - IND A1+Powered by Capital Market - Live

Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under:  Instrument Rated Amount (Rs crore)   Rating outstanding   Non convertible debentures 24,000  CRISIL AAA/ Stable    Subordinate debt 3,113.50  CRISIL AAA/ Stable    Commercial paper 15,000  CRISIL A1+  Powered by Capital Market - Live

Net profit of Mahindra & Mahindra Financial Services rose 38.54% to Rs 389.42 crore in the quarter ended September 2024 as against Rs 281.09 crore during the previous quarter ended September 2023. Sales rose 16.48% to Rs 4465.15 crore in the quarter ended September 2024 as against Rs 3833.25 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4465.153833.25 16 OPM %59.0355.03 - PBDT601.63450.35 34 PBT522.96383.27 36 NP389.42281.09 39 Powered by Capital Market - Live

Mahindra & Mahindra Financial Services has received credit ratings from India Ratings & Research as under: 1 Non-convertible Debentures (Rs 39,000 crore) - 'IND AAA'/ Outlook Stable 2 Retail Non-convertible Debentures (Rs 10,000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt) 3 Private Sub Debt (Rs 34,500 crore) - 'IND AAA'/ Outlook Stable 4 Principal Protected Market Linked Debenture (Rs 1,500 crore) - IND PP-MLD AAA/Stable 5 Retail Subordinate Debt (Rs 3,000 crore) - 'IND AAA'/ Outlook Stable 6 Commercial Paper (Rs 15,000 crore) - IND A1+ 7 Bank Loan (Rs 65,000 crore) - IND AAA/ Stable/ IND A1+ Powered by Capital Market - Live

Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under: 1 Non-Convertible Debentures (Rs 24,000 crore) - CRISIL AAA/Stable 2 Subordinated Debt (Rs 3,113.50 crore) - CRISIL AAA/Stable 3 Commercial Paper (Rs 15,000 crore) - CRISIL A1+ Powered by Capital Market - Live

Mahindra Stable 2 Subordinated debt (public issue) Rs 933.00 crore -  CARE AAA; Stable 3 Unsecured non-convertible debenture (NCD privately placed) Rs 1,000.00 crore - CARE AAA; Stable 4 Subordinated debt (privately placed) Rs 2760.00 crore - CARE AAA; Stable 5 Long-term debt programme (public issue non-convertible debentures/ subordinated debt) Rs 4059.03 crore - CARE AAA; Stable Powered by Capital Market - Live

Mahindra & Mahindra Financial Services has allotted 75,000 Unsecured, Subordinated (Tier II), Rated, Listed, Redeemable Non-convertible Debentures with the face value of Rs. 1,00,000/- per debenture, issued at a multiple pricing (i.e. at par and premium based on the investor pricing bids), aggregating to subscription amount of Rs. 750.30 crore on private placement basis. The said NCDs have been issued at a Fixed Coupon of 8.24% p.a. and are proposed to be listed on the Wholesale Debt Market Segment of BSE. Powered by Capital Market - Live

Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 22 October 2024Powered by Capital Market - Live

The domestic equity benchmarks traded with major gains in early-afternoon trade. The Nifty scaled above the 25,450 mark after hitting the day's low of 25,094.55 in early trade. IT shares advanced after declining in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 829.27 points or 1.01% to 83,326.37. The Nifty 50 index advanced 211.15 points or 0.84% to 25,461.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.33% and the S&P BSE Small-Cap index added 0.44%. The market breadth was positive. On the BSE, 2,274 shares rose and 1,547 shares fell. A total of 136 shares were unchanged. Economy : The HSBC India Services PMI survey, compiled by S&P Global, indicates strong sector performance, but total new business, international sales, and output have all increased at the slowest rates since late 2023. Despite solid job creation and strengthening business confidence, the Services Business Activity Index fell from 60.9 in August to 57.7 in September, still indicating growth above the neutral mark of 50.0. The slowdown in output growth, the lowest since November 2023, was influenced by intense competition, cost pressures, and shifts in consumer preferences toward online services. While new business intakes expanded sharply, their growth rate dropped to a ten-month low, and international sales growth weakened significantly, reflecting broader trends in private sector output. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.06% to 13.31. The Nifty 31 October 2024 futures were trading at 25,586.30, at a premium of 125.05 points as compared with the spot at 25,461.25. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 67.1 lakh contracts at the 27,000 strike price. Maximum Put OI of 43.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index gained 1.80% to 42,512.55. The index fell 1.58% in the past trading session. Infosys (up 2.73%), Tech Mahindra (up 1.99%), Coforge (up 1.83%), Wipro (up 1.81%), L&T Technology Services (up 1.35%), Tata Consultancy Services (up 1.24%), HCL Technologies (up 1.24%), LTIMindtree (up 1.23%) and Mphasis (up 0.37%) advanced. Stocks in Spotlight : Mahindra & Mahindra Financial Services dropped 4.04% after the company's overall disbursement for Q2 FY25 was Rs 13,160 crore, which is a YoY decline of 1% over previous year. Sundaram-Clayton advanced 2.33% after the firm announced that its board has approved the opening of qualified institutional placement (QIP) issue of equity shares with the floor price of Rs 2,320.78 per share. Aarti Drugs rose 1.92% after the Medicines and Healthcare Products Regulatory Agency (UK MHRA) has granted a Certificate of GMP Compliance of a Manufacturer for its arm, Pinnacle Life Science's manufacturing facility in Himachal Pradesh.Powered by Capital Market - Live

For H1 FY25, the total disbursement was approximately Rs 25,900 crore, a growth of 2% on YoY basis. Business assets stood at approximately Rs 1,12,600 crore, up by nearly 20% over September 2023. The collection efficiency (CE) was at 96% for Q2 FY25, same as that in Q2 FY24. As at September 30, 2024, stage-3 assets were at about 3.8% as compared to 4.3% as at September 2023. Stage-2 assets were at around 6.4% as against 5.7% as at September 2023. 'The company continued to enjoy a comfortable liquidity position on its balance sheet, with a liquidity chest of over Rs. 8,500 crore,' Mahindra Finance said in a statement. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 10 million customers and has an AUM of over $11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The NBFC's standalone net profit jumped 45% to Rs 513 crore on 20% increase in total income to Rs 3,760 crore in Q1 FY25 over in Q1 FY24. The scrip fell 3.77% to currently trade at Rs 310 on the BSE. Powered by Capital Market - Live