Manappuram Finance's Q2 PAT up 82% at Rs402cr@NSE BSE TIPS - Highlight Investment Research

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Thursday 7 November 2019

Manappuram Finance's Q2 PAT up 82% at Rs402cr@NSE BSE TIPS

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Manappuram Finance
Manappuram Finance Ltd. has declared a consolidated net profit of Rs402.28cr for the quarter ended September 30, 2019, a sharp increase of 82% over Rs221.39cr recorded in same quarter last year. Net profit of the standalone entity (which excludes subsidiaries) is reported at Rs334.72cr.

Total consolidated operating income during the quarter stood at Rs1,286.78cr, an increase of 26.85% over Rs1,014.44cr reported in the year ago quarter. Consolidated assets under management (AUM) grew by 31.91% to Rs22,676.93cr, from Rs17,190.70cr reported in the year ago quarter.

The Board of Directors approved payment of interim dividend of Rs0.55/share with face value of Rs2.

Gold loan Assets under Management (AUM) increased by 20.45% to Rs15,168.34cr from Rs12,592.80cr in the year ago quarter. The gold loans business also added 3.62 lakh new customers, and disbursed loans worth Rs50,296.26cr in aggregate. The number of live gold loan customers stood at 25.9 lakh as of September 30, 2019.
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2 comments:

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