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The board meeting yielded a decision to declare a dividend of ₹5 Cr per share, representing a 50% payout. The consolidated financial results reflected a revenue increase of 20% year-on-year, reaching ₹250 Cr, with a net profit of ₹40 Cr. In addition, the board approved a strategic partnership aimed at enhancing market penetration and bolstering operational efficiency. This move may provide significant long-term benefits for shareholders, positioning the company for robust growth in the upcoming quarters.
All announcements from Mahindra & Mahindra Financial Services Limited