M&M Financial Services: Will Growth Justify Valuation?
Moneylife Digital Team 22 June 2018
Mahindra & Mahindra Financial Services Ltd (MMFSL) reported extraordinary growth in the March 2018 quarter when revenues rose 17.61% and operating profit was up 34%. Thanks to a limited rise in expenses, net profit was up a stupendous 79.42%. This growth comes on the heels of extraordinary growth recorded in the December 2017 quarter. 
 
While this growth is impressive, much of it was the result...
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