M&M Financial Services shares dropped over 3% despite posting a 19.7% YoY rise in net interest income to Rs 2,267 crore and a 3.2% YoY increase in net profit to Rs 530 crore for Q1. The stock fell as investor sentiment was hit by elevated provisions and a dip in collection efficiency, overshadowing the earnings growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets