Mahindra & Mahindra Financial Services (NSE:M&MFIN) Tax Rate % : 25.13% (As of Mar. 2024)

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What is Mahindra & Mahindra Financial Services Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mahindra & Mahindra Financial Services's Tax Expense for the three months ended in Mar. 2024 was ₹2,251 Mil. Mahindra & Mahindra Financial Services's Pre-Tax Income for the three months ended in Mar. 2024 was ₹8,957 Mil. Therefore, Mahindra & Mahindra Financial Services's Tax Rate % for the quarter that ended in Mar. 2024 was 25.13%.

Mahindra & Mahindra Financial Services Tax Rate % Historical Data

The historical data trend for Mahindra & Mahindra Financial Services's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mahindra & Mahindra Financial Services Tax Rate % Chart

Mahindra & Mahindra Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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32.22

16.47

25.76

26.13

24.93

Mahindra & Mahindra Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															24.80	27.73	24.98	24.62	25.13

Mahindra & Mahindra Financial Services Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mahindra & Mahindra Financial Services's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	6451.3	/	25881.8
	=	24.93 %

Mahindra & Mahindra Financial Services's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	2250.9	/	8957.3
	=	25.13 %

Mahindra & Mahindra Financial Services Tax Rate % Related Terms

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Mahindra & Mahindra Financial Services (NSE:M&MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mahindra & Mahindra Financial Services Ltd (NSE:M&MFIN) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

532720:India

Address

Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindrafinance.com

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.

Mahindra & Mahindra Financial Services (NSE:M&MFIN) Headlines

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