MFSL announces 5% rise in NP for Dec’08 qtr

Mahindra Finance Service (MFSL) has reported a 5% rise in net profit to Rs 45.61 crore in December 2008 quarter. The company’s income rose 10% to Rs 357.74 crore.

The growth is credited to the company’s strong presence in rural and semi urban markets.

MFSL is the vehicle financing arm of auto major Mahindra & Mahindra.