Mahindra and Mahindra Financial Services (Mahindra Finance) posted 58 per cent rise in net profit to Rs. 353 crore for the first quarter of 2023-24 (Q1FY24). Ramesh Iyer, managing director (MD) & chief executive officer (CEO), tells Manojit Saha, in a telephonic interview, that the non-banking financial company (NBFC) is on track to increase its balance sheet to Rs. 1.25 trillion by 2025. Edited excerpts:
During the first quarter, Mahindra Finance said margins were impacted due to change in portfolio mix and increase in interest cost. How much have interest c