Mahindra Finance Q4 net up 45 pc at Rs 228 cr

Its total income also rose 45 per cent to Rs 847 crore from Rs 586 crore in the same period in 2010-11,Mahindra & Mahindra Financial Services (Mahindra Finance) said in a statement.

The company proposed a dividend of 140 per cent or Rs 14 per share of face value Rs 10 for 2011-12.

For the entire fiscal ended March 31,2012,the company’s net profit registered a growth of 34 per cent at Rs 620 crore as compared to Rs 463 crore in the previous fiscal.

The company maintained healthy growth in its profits in spite of increased borrowing cost,mainly by efficient NPA management,it said.

At the same time,total income increased by 41 per cent at Rs 2,795 crore during 2011-12 against Rs 1,978 crore in the previous fiscal.

The company registered a disbursement growth of 35 per cent to Rs 19,500 crore at the end of March 2012. The total Assets Under Management stood at Rs 20,643 crore at the end of 2011-12.