Mahindra & Mahindra Financial Services Ltd. · NSE:M&MFIN
Mahindra & Mahindra Financial Services — Q4 FY2023 Earnings Presentation
68 slides from Mahindra & Mahindra Financial Services's earnings presentation, Apr 28, 2023
Slide 1: Cover letter to stock exchanges
Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 66526000 Fax: +91 22 24984170 +91 22 24984171 28th April 2023 To, BSE Limited, (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001
Slide 2: Annual Analyst Meet March 2023
Mahindra & Mahindra Financial Services Limited Annual Analyst Meet March - 2023 Regd. Office: Corporate Office: Gateway Building, Apollo Bunder, Mahindra Towers, 4th Floor, Mumbai-400 001, India Dr. G. M. Bhosale Marg, Worli, Tel: +91 22 2289 5500 Mumbai-400 018, India Fax:+91 22 2287 5485 Tel: +91
Slide 3: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Mahindra & Mahindra Financial Services Limited (the “Company”), nor shall it or any part of it or
Slide 4: Providing financial solutions to Emerging India
Providing financial solutions to Emerging India Financial Performance Progress towards Mission 2025 Vision
Slide 5: Disbursement Momentum since Q2FY22
Disbursement Momentum since Q2FY22 Rs. in crores Rs. in crores 14,467 13,778 FY2022 FY2023 11,824 82,770 9,472 9,202 77,344 8,032 73,817 6,475 67,693 64,961 3,872 Q1 Q2 Q3 Q4 FY22 FY23 - Q1 FY23 - Q2 FY23- Q3 FY23 - Q4 Annual Disbursement grows 80% Business Assets (AUM) 4
Slide 6: Consistent improvement in Asset Quality
Consistent improvement in Asset Quality 8.0% Net Stage-3 7.7% 14.3% 6.7% 5.9% 11.7% 9.7% 4.5% 8.4% 3.4% 3.5% 2.9% 6.0% 2.5% 1.9% FY22 FY23 - Q1 FY23 - Q2 FY23 - Q3 FY23 - Q4 FY22 FY23 - Q1 FY23 - Q2 FY23 - Q3 FY23 - Q4 Gross & Net Stage - 3 Gross Stage - 2 GS-3 reduced from ₹ 4,976 crores to ₹ 3,717
Slide 7: Improved Collection Efficiency ensures lower defaults
Improved Collection Efficiency ensures lower defaults Rs. in crores GS3 % Gap (GNPA less GS3) 17.0% 8.1% 7.6% 5.9% 5.7% 3,674 1.3% 1.7% 11.3% 1.4% 1,277 6.8% 5.9% 958 1,184 4.5% Dec FY22 Oct FY23 Dec FY23 Mar FY23 Dec FY22 Oct FY23 Dec FY23 Mar FY23 Gap between GNPA and IRACP GNPA % 6
Slide 8: Key Financials
Key Financials on standalone basis Disbursement Total Income Profit after Tax Q4 FY 23 Rs. 13,778 crores Rs. 3,057 crores Rs. 684 crores 50% 24% 14% Q4 FY 22 Rs. 9,202 crores Rs. 2,466 crores Rs. 601 crores FY 23 Rs. 49,541 crores Rs. 11,056 crores Rs. 1,984 crores 80% 14% 101% FY 22 Rs. 27,581 cror
Slide 9: Financial Performance – FY 2023
Financial Performance – FY 2023 Stable NIMs Opex Ratio Credit Costs RoA RoE 7.6% 3.2% 1.2% 2.3% 12.1% Capital Adequacy and Liquidity Management 8
Slide 10: Progress towards Mission 2025
Providing financial solutions to Emerging India Financial Performance Progress towards Mission 2025 Vision
Slide 11: Sustainable profitable growth: Mission 2025
Sustainable profitable growth: Mission 2025 Stable asset quality 2x AUM New business contribution: GS-3 < 6% 15% Maintain NIMs ~7.5% Operating leverage: Cost to RoA ~2.5% Assets ~2.5% 10
Slide 12: Transformation priorities
Transformation priorities ▪ Customer segment mix ▪ Robust underwriting 1 Stabilize Asset Quality ▪ Product diversification ▪ Collections-war-room & legal toolkit ▪ Vehicle lending leadership ▪ Scale new growth engines including pre-owned ▪ Cross-sell 2 Recharge Growth ▪ Deepen branch presence in ▪ P
Slide 13: Progress: Mission 2025
Progress: Mission 2025 New Business Stable Asset Quality 2x AUM Contribution GS-3 < 6% 15% FY23: GS-3: 4.5% FY23: AUM* Growth: 27% FY23: New Business: ~6% Operating Leverage Maintain Cost To RoA NIMs ~7.5% Assets ~2.5% ~2.5% FY23: NIMs: 7.6% FY23: Cost to Asset: 3.2% FY23: RoA: 2.3% * Refers to Busi
Slide 14: Vision
Providing financial solutions to Emerging India Financial Performance Progress towards Mission 2025 Vision
Slide 15: Vision: MMFSL
Vision: MMFSL Earlier Vision New Vision To be the leading financial Leading and responsible services player in rural and financial solutions partner of semi urban India choice for Emerging India 14
Slide 16: Q&A
Providing financial solutions to Emerging India Q&A
Slide 17: Quarter Result Update March 2023
Mahindra & Mahindra Financial Services Limited Quarter Result Update March - 2023 Regd. Office: Corporate Office: Gateway Building, Apollo Bunder, Mahindra Towers, 4th Floor, Mumbai-400 001, India Dr. G. M. Bhosale Marg, Worli, Tel: +91 22 2289 5500 Mumbai-400 018, India Fax:+91 22 2287 5485 Tel: +9
Slide 18: Executive Summary
Providing financial solutions to Emerging India Executive Summary Financial Information Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 19: Executive summary (1/2)
Executive summary (1/2) Key Highlights ✓ Highest ever Annual Disbursement of ₹ 49,541 Cr., growth of 80% YoY; Achieved milestone of financing 1 million customer contracts ➢ Strong Asset Growth with Loan Book* at ₹ 82,770 Cr.; YoY growth of 27.4%; Sequential growth of 7.0% ✓ Continuing asset quality
Slide 20: Executive summary (asset quality and capital)
Executive summary (1/2) Asset Quality ✓ Sustained improvement in Asset Quality across Stage 2 and Stage 3 ✓ Stage 3 improved to 4.5% (Mar-23) from 5.9% (Dec-22) ✓ Stage 2 improved to 6.0% (Mar-23) from 8.4% (Dec-22). ✓ Strong Provision coverage on Gross Stage-3 assets maintained @ 59.5% in Mar-23 ✓
Slide 21: Business Strength
Business Strength Capital Adequacy Gross Stage-3 Stage 3 - Coverage Ratio 27.8% 9.0% 59.5% 26.2% 7.7% 59.0% 23.4% 5.9% 57.9% 58.1% 22.5% 4.5% Mar-21 Mar-22 Dec-22 Mar-23 Mar-21 Mar-22 Dec-22 Mar-23 Mar-21 Mar-22 Dec-22 Mar-23 Well capitalized Asset Quality under control Prudent 5
Slide 22: On path to achieving Mission 2025: Progress (FY23)
On path to achieving Mission 2025: Progress (FY23) New Business Stable Asset Quality 2x AUM Contribution GS-3 < 6% 15% FY23: GS-3: 4.5% FY23: AUM Growth: 27% FY23: New Business: ~6% Operating Leverage Maintain Cost To RoA NIMs ~7.5% Assets ~2.5% ~2.5% FY23: NIMs: 7.6% FY23: Cost to Asset: 3.2% FY23:
Slide 23: Financial Information – Standalone
Providing financial solutions to Emerging India Executive Summary Financial Information – Standalone Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 24: Disbursement and Collection Trends
Disbursement and Collection Trends on Standalone Basis Historical Disbursements (INR crores) Q1 Q2 Q3 Q4 FY FY 2023 9,472 11,824 14,467 13,778 49,541 FY 2022 3,872 6,475 8,032 9,202 27,581 FY 2021 2,733 4,028 6,270 5,970 19,001 Collection Efficiency^ Q1 Q2 Q3 Jan Feb Mar Q4 FY FY 2023 94% 97% 95% 95
Slide 25: Break down of Disbursements
Break down of Disbursements on Standalone Basis Year ended Year ended Year ended Asset Class March – 23 March – 22 March – 21 Auto/ Utility vehicles 33% 34% 34% Tractors 12% 16% 18% Cars 18% 19% 21% Commercial vehicles and Construction equipments 12% 8% 5% Pre-owned vehicles 17% 18% 12% SME 7% 3% 7%
Slide 26: Break down of Business Assets
Break down of Business Assets on Standalone Basis Year ended Year ended Year ended Asset Class March – 23 March – 22 March – 21 Auto/ Utility vehicles 33% 32% 30% Tractors 14% 16% 17% Cars 20% 22% 22% Commercial vehicles and Construction equipments 11% 12% 16% Pre-owned vehicles 12% 11% 9% SME 5% 3%
Slide 27: Break down by Geography
Break down by Geography on Standalone Basis Mar 2023 FY 2023 18% 10% Mar 2022 19% 10% FY 2022 15% 16% 11% 10% 19% 20% Business 22% 20% Disbursement * 21% 19% 25% 20% Assets 30% 32% 32% 31% CENTRAL EAST NORTH SOUTH WEST CENTRAL EAST NORTH SOUTH WEST NORTH: Chandigarh, Delhi, Haryana, Himachal Pradesh
Slide 28: Broad Based Liability Mix
Broad Based Liability Mix on Standalone Basis Funding Mix by Investor Category Funding Mix by type of Instrument Mar’ 23 Dec’22 Mar’22 Mar’ 23 Dec’22 Mar’22 Investor Type Instrument Type Amount % Share % Share % Share Amount % Share % Share % Share Banks / FI 43,269 57.4% 55.8% 48.4% NCDs 20,158 26.
Slide 29: ALM Position and Liability Maturity
ALM Position and Liability Maturity All figures in INR crores 1,00,000 180% Cumulative Inflow Cumulative Outflow Cumulative Mismatch% 90,674 160% 77,731 80,000 71,387 140% 61,828 120% 60,000 100% 41,956 80% 40,000 28,402 27,461 60% 20,487 20,000 15,700 40% 11,716 10,249 7,817 5,741 20% 3,220 - 0% Up
Slide 30: Key Financials
Key Financials on standalone basis Disbursement Total Income Profit after Tax Q4 FY 23 Rs. 13,778 crores Rs. 3,057 crores Rs. 684 crores 50% 24% 14% Q4 FY 22 Rs. 9,202 crores Rs. 2,466 crores Rs. 601 crores FY 23 Rs. 49,541 crores Rs. 11,056 crores Rs. 1,984 crores 80% 14% 101% FY 22 Rs. 27,581 cror
Slide 31: Growth Trajectory
Growth Trajectory on standalone basis Loan Book (1) (Rs. crores) Revenues (Rs. crores) 79,455 11,056 64,993 60,445 59,947 10,517 10,245 9,719 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Pre-Provisioning Operating Profit (Rs. crores) Profit after Tax (2) (Rs. crores) 1,984 4,151 3,725 3,752 3,398 906 989
Slide 32: Financial Performance
Financial Performance on standalone basis Cost to income ratio (1) (%) Return on Assets (ROA) (2) (%) 42.1% 2.3% 37.3% 35.8% 28.2% 1.3% 1.3% 0.4% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Return on Net Worth (RONW) (2) (%) Asset Quality (%) Gross Stage 3 Net Stage 3 12.1% 8.44% 8.96% 7.66% 5.98% 8.1%
Slide 33: Standalone Profit & Loss Account
Standalone Profit & Loss Account Particulars (Rs. in crores) Q4FY23 Q3FY23 Q-o-Q Q4FY22 Y-o-Y Revenue from operations (A) 2,994 2,863 5% 2,442 23% Less: Finance cost (B) 1,334 1,242 7% 935 43% NII (C= A+B) 1,660 1,621 2% 1,507 10% Other Income (D) 63 29 116% 24 161% Total Income (E=C+D) 1,723 1,650
Slide 34: Standalone Profit & Loss Account
Standalone Profit & Loss Account Particulars (Rs. in crores) FY23 FY22 Y-o-Y FY21 Revenue from operations (A) 10,929 9,658 13% 10,456 Less: Finance cost (B) 4,577 3,920 17% 4,733 NII (C= A+B) 6,352 5,738 11% 5,723 Other Income (D) 127 61 109% 61 Total Income (E=C+D) 6,479 5,799 12% 5,784 Employee be
Slide 35: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. in crores) As on Mar 31, 2023 As on Mar 31, 2022 As on Mar 31, 2021 ASSETS Financial Asset a) Cash and cash equivalents 250 328 571 b) Bank balance other than (a) above 2,582 3,823 2,751 c) Derivative financial instruments 27 26 d) Trade Receivables 22 9 8 e
Slide 36: Standalone Balance Sheet (Contd.)
Standalone Balance Sheet (Contd.) Particulars (Rs. in crores) As on Mar 31, 2023 As on Mar 31, 2022 As on Mar 31, 2021 LIABILITIES AND EQUITY Financial Liabilities a) Derivative financial instruments 181 182 173 b) Payables i) Trade payables 1,126 955 596 ii) Other payables 40 50 47 c) Debt Securiti
Slide 37: Summary & Key Ratios
Summary & Key Ratios on standalone basis Year ended Year ended Year ended Particulars Mar – 23 March – 22 March – 21 RONW (Avg. Net Worth) - annualised 12.1% 6.5% 2.5% Debt / Equity 4:39:1 3.57:1 3.98:1 Capital Adequacy 22.5% 27.8% 26.2% Tier I 19.9% 24.3% 22.4% Tier II 2.6% 3.5% 3.8% EPS (Basic) (R
Slide 38: Spread Analysis
Spread Analysis on standalone basis Quarter ended Quarter ended Quarter ended Year ended Year ended Particulars Mar – 23 Dec – 22 Mar – 22 March – 23 March – 22 Total Loan Income / Average Business Assets 13.6% 13.7% 13.9% 13.5% 13.8% Total Income / Average Assets 13.1% 13.0% 13.1% 12.9% 12.8% Inter
Slide 39: Stage 3 - Analysis
Stage 3 - Analysis on standalone basis Particulars (Rs. in crores) except figures in % Mar 31, 2023 Dec 31, 2022 Mar 31, 2022 Mar 31, 2021 Business Assets (including Provisions) 82,770 77,344 64,961 64,608 Gross Stage 3 3,717 4,589 4,976 5,786 Less: Stage 3 ECL Provisions 2,210 2,707 2,890 3,352 Net
Slide 40: Credit Charge
Credit Charge on standalone basis Particulars (Rs. in crores) Q4FY23 Q3FY23 Q4FY22 FY23 FY22 FY21 Stage-1 Provisions 65 (75) 67 117 22 (127) Stage-2 Provisions (169) (99) (267) (651) 295 119 Stage-3 Provisions (497) (169) (951) (680) (462) 1,572 Provisions – P&L Charge (601) (343) (1,151) (1,214) (1
Slide 41: Stage Wise Provisioning
Stage Wise Provisioning on standalone basis Stage-Wise Assets and Provisioning As on 31st Mar 2023 As on 31st Dec 2022 As on 31st Mar 2022 Rs. in crores Business Assets Provisions & Business Assets Provisions & Business Assets Provisions & (Amount and %) Coverage (Amount and %) Coverage (Amount and
Slide 42: Financial Information – Consolidated
Providing financial solutions to Emerging India Executive Summary Financial Information – Consolidated Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 43: Key Financials (consolidated)
Key Financials on consolidated basis Disbursement Total Income Profit after Tax Q4 FY 23 Rs. 14,583 crores Rs. 3,536 crores Rs. 675 crores 47% 22% 7% Q4 FY 22 Rs. 9,944 crores Rs. 2,897 crores Rs. 629 crores FY 23 Rs. 51,770 crores Rs. 12,832 crores Rs. 2,071 crores 76% 13% 80% FY 22 Rs. 29,413 cror
Slide 44: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Particulars (Rs. in crores) Q4FY23 Q3FY23 Q-o-Q Q4FY22 Y-o-Y Revenue from operations (A) 3,463 3,324 4% 2,865 21% Less: Finance cost (B) 1,478 1,373 8% 1,053 40% NII (C= A+B) 1,985 1,951 2% 1,812 10% Other Income (D) 74 29 154% 33 123% Total Income (E=C+D) 2,059 1,
Slide 45: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Particulars (Rs. in crores) FY23 FY22 Y-o-Y FY21 Revenue from operations (A) 12,699 11,318 12% 12,111 Less: Finance cost (B) 5,094 4,418 15% 5,307 NII (C= A+B) 7,605 6,900 10% 6,804 Other Income (D) 133 83 60% 59 Total Income (E=C+D) 7,738 6,983 11% 6,863 Employee
Slide 46: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in crores) As on Mar 31, 2023 As on Mar 31, 2022 As on Mar 31, 2021 ASSETS Financial Asset a) Cash and cash equivalents 587 765 808 b) Bank balance other than (a) above 3,480 4,062 3,174 c) Derivative financial instruments - 27 26 d) Trade Receivables 98 6
Slide 47: Consolidated Balance Sheet (Contd.)
Consolidated Balance Sheet (Contd.) Particulars (Rs. in crores) As on Mar 31, 2023 As on Mar 31, 2022 As on Mar 31, 2021 LIABILITIES AND EQUITY Financial Liabilities a) Derivative financial instruments 181 182 173 b) Payables i) Trade payables 1,246 1,113 732 ii) Other payables 40 50 47 c) Debt Secu
Slide 48: Subsidiary Financials
Providing financial solutions to Emerging India Executive Summary Financial Information Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 49: Mahindra Rural Housing Finance Limited
Mahindra Rural Housing Finance Limited Year ended Year ended Year ended Particulars (Rs. in crores) Q4FY23 Q4FY22 March -23 March -22 March -21 Loans disbursed 740 651 2,004 1,602 797 No. of Customer Contracts (nos.) 18,607 29,915 59,717 75,327 34,559 Loans & Advances (net) 6,845 7,029 6,845 7,029 7
Slide 50: Mahindra Insurance Brokers Limited
Mahindra Insurance Brokers Limited Year ended Year ended Year ended Particulars (Rs. in crores) Q4FY23 Q4FY22 March -23 March -22 March -21 No. of Policies for the Period (nos.) 7,63,602 5,80,701 29,10,954 18,63,160 14,39,023 Net Premium 1,071 826 3,420 2,360 1,794 Total income 121 114 427 348 269 P
Slide 51: Mahindra Ideal Finance Limited
Mahindra Ideal Finance Limited Year ended Year ended Particulars (in LKR Mn) Q4FY23 Q4FY22 March -23 March -22 Loans disbursed 2,849 3,993 9,907 10,140 No. of Customer Contracts (nos.) 33,399 33,724 33,399 33,724 Loans & Advances (net) 7,124 7,230 7,124 7,230 Total income 576 427 1,924 1,322 PBT* 93
Slide 52: Company Overview
Providing financial solutions to Emerging India Executive Summary Financial Information Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 53: Company Background
Company Background Parentage Mahindra & Mahindra Financial Services Limited (“MMFSL”) is a subsidiary of Mahindra and Mahindra Limited (M.Cap: Rs 1.52 trillion)* About MMFSL MMFSL (M.Cap: Rs 317 billion)*, one of India’s leading non-banking finance companies focused in the rural and semi-urban secto
Slide 54: MMFSL Group structure
MMFSL Group structure Mahindra & Mahindra Limited 52.16% Mahindra & Mahindra Financial Services Limited 80%(1) 98.43%(2) 49% 51%(3) 51%(3) 58.2%(5) Mahindra Insurance Mahindra Rural Mahindra Finance Mahindra Manulife Mahindra Manulife Mahindra Ideal Brokers Limited Housing Finance USA LLC Investment
Slide 55: Our Journey
Our Journey Long term debt rating upgraded to Long term debt Equity AAA by India rating upgraded to participation of Ratings and AAA by CRISIL 12.5%by NHB in Brickwork. Maiden issue of MRHFL QIP Issue of Rs. Maiden Retail ECB Crossed 9 million 426 crores CARE Ratings NCD Issue of undertaken. cumulat
Slide 56: Shareholding Pattern (as on March 31, 2023)
Shareholding Pattern (as on March 31, 2023) Shareholding Pattern Top 10 Public Shareholders 7.83% ▪ Life Insurance Corporation of India ▪ HDFC Life Insurance Company Limited ▪ HDFC Trustee Company Ltd. 25.01% ▪ Ashish Dhawan 52.16% ▪ Axis Mutual Fund Trustee Limited ▪ Nippon Life India Trustee Ltd.
Slide 57: Business Strategy
Providing financial solutions to Emerging India Executive Summary Financial Information Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 58: Business Strategy
Business Strategy Deepen presence in emerging India – age, Diversify product portfolio: Nurture & Scale SME, income, aspiration, digital behaviour digital finance, leasing and foray into other lending / ₹ non-lending financial solutions Strengthen risk culture and governance within the Grow wallet s
Slide 59: Transformation priorities
Transformation priorities 01 02 Stabilize Asset Quality Recharge Growth Focus on bringing the volatility Build high quality diversified down business 03 04 Future Ready Human Capital Strengthen Tech & Digital High Performing Organisation Data informed thinking 43
Slide 60: Sustainable profitable growth: Mission 2025
Sustainable profitable growth: Mission 2025 New Business Stable Asset Quality 2x AUM Contribution GS-3 < 6% 15% Operating Leverage Maintain Cost To RoA NIMs ~7.5% Assets ~2.5% ~2.5% 44
Slide 61: Extensive Branch Network
Extensive Branch Network ▪ Extensive branch network with presence in 27 states and 7 union Coverage territories in India through 1,386 offices ▪ Branches have authority to approve loans within prescribed guidelines Central East North 2 21 South West 27 36 2 Branch Network as of 35 28 15 2 116 3 1 13
Slide 62: Diversified Product Portfolio
Diversified Product Portfolio Vehicle Financing Pre-Owned Vehicles SME Financing Loans for auto and utility vehicles, tractors, cars, Loans for pre-owned cars, multi-utility vehicles, Loans for varied purposes like project finance, commercial vehicles and construction tractors and commercial vehicle
Slide 63: Employee Management and Technology Initiatives
Employee Management and Technology Initiatives Employee engagement & training Technology initiatives ▪ Foster a Digital Learning ecosystem that drives a culture of ▪ Next gen API commissioned for scaling partnerships, integrating anytime-anywhere learning. fintech ecosystem & create enterprise wide
Slide 64: Credit Rating
Credit Rating India Ratings Outlook Long term and Subordinated debt (incl. MLD); IND AAA Stable Bank Facilities; Fixed Deposit Programme IND PP-MLD AAA emr Short term debt IND A1+ - CRISIL Outlook Long term and Subordinated debt; Bank Facilities; CRISIL AAA Stable Fixed Deposit Programme Short term
Slide 65: Awards & CSR Initiatives
Providing financial solutions to Emerging India Executive Summary Financial Information Subsidiary Financials Company Overview Business Strategy Awards & CSR Initiatives
Slide 66: Awards & Accolades
Awards & Accolades 1st NBFC in India to join the United Special Commendation at CSR Happiest Workplace for Women Nations Global Compact Network Journal Excellence Awards 2022 Included in FTSE4Good Emerging Gold at CSR Times Awards 2022 Great Place to Work Markets Index for 4th consecutive time Impro
Slide 67: CSR Initiatives
CSR Initiatives Rs. 45.07 Cr. Invested 2.53 Lakh lives impacted ~96,000 Women beneficiaries 2,94,200 Trees planted 12 Ambulances donated 3.5 lakh liters of 79% Employees volunteered water potential created 6,240 Blood Units collected Received 3 CSR Awards Money Gyaan Se Jeevan Asaan CSR Campaign - T
Slide 68: Thank You
Providing financial solutions to Emerging India Thank You
Mahindra & Mahindra Financial Services — Q4 FY2023 Earnings Presentation on 6ix