{"id":1903171,"date":"2014-01-23T10:14:36","date_gmt":"2014-01-23T04:44:36","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=1903171"},"modified":"2014-01-23T10:14:36","modified_gmt":"2014-01-23T04:44:36","slug":"mm-financial-a-floozy-or-a-doozy","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2014\/01\/23\/mm-financial-a-floozy-or-a-doozy\/","title":{"rendered":"M&amp;M Financial: A floozy or a doozy?"},"content":{"rendered":"<p>M&amp;M Financial reported its 2013 Q3 results yesterday. As a long-time investor in the stock, it raises a couple of questions.<\/p>\n<h3>Is it a floozy?<\/h3>\n<p>Did news leak out of the bad numbers ahead of the announcement?<\/p>\n<p><a href=\"http:\/\/stockviz.biz\/Equity?TICKER=M&amp;MFIN\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1903191\" alt=\"Mahindra Financial Services Limited\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin.png\" width=\"745\" height=\"575\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin.png 745w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-300x231.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-388x300.png 388w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/a><\/p>\n<p>The stock was at Rs. 240.00, down <span style=\"color: #ff0000\"><strong>-5.57%<\/strong><\/span> at the time this post was written.<\/p>\n<h3>Is it a doozy?<\/h3>\n<p>Net NPA went up to <span style=\"color: #ff0000\"><strong>2.2%<\/strong><\/span> compared to 1.6% during the same period last year. Was it a kitchen-sink quarter? Not really, as their presentation shows, NPA has been steadily rising, costs have been rising and return on assets has been coming down, consistently since 2011.<\/p>\n<p><a href=\"http:\/\/www.mahindrafinance.com\/pdf\/presentation\/Result_Update_dec2013.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1903211\" alt=\"Mahindra Financial results\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-results.png\" width=\"715\" height=\"535\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-results.png 715w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-results-300x224.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/01\/mmfin-results-400x300.png 400w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><\/a><\/p>\n<p>Right now, M&amp;M Financial is looking like both a floozy and a doozy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&amp;M Financial reported its 2013 Q3 results yesterday. As a long-time investor in the stock, it raises a couple of questions. Is it a floozy? Did news leak out of the bad numbers ahead of the announcement? The stock was at Rs. 240.00, down -5.57% at the time this post was written. Is it a &hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[559],"class_list":["post-1903171","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-mmfin","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1903171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1903171"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1903171\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1903171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1903171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1903171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}