Mahindra and Mahindra Financial reported 66% fall in net profits at Rs.239 crore for the Mar-20 quarter, largely on the back of higher provisions. In order to cover contingencies that may arise due to Covid-19 pandemic, it M&M Financial made an impairment loss provision of Rs.681 crore. Total revenues were up by 8% at Rs.3140 crore. Full year profits for fiscal 2019-20 fell by 42% to Rs.1086 crore. M&M Financials continues to be a preferred financer for automobiles and tractors. While it had gained market share in many product lines, it got hit by the dwindling sales of cars and tractors.