Kochi: Manappuram Finance has declared a consolidated profit of Rs 397.84 crore for the December quarter, a 63% increase over Rs 244.11 crore recorded in Q3 of the preceding fiscal year.
Net profit of the standalone entity (excludes subsidiaries) is reported at Rs 332.42 crore. The company’s consolidated profit in the first nine-months of the current fiscal year has crossed the Rs 1,000 crore landmark.
Total consolidated operating income during the quarter stood at Rs 1,399.02 crore, a growth of 29.40% year-on-year. Consolidated assets under management (AUM) grew by 35.52% to Rs 24,099.95 crore. The company’s gold loan AUM increased by 29.69 % to Rs 16,242.95 crore.
The board of directors met at Valapad in Thrissur on Tuesday to consider the results and approved payment of an interim dividend of Rs 0.55 per share of the face value of Rs 2.
Sharing the results V P Nandakumar, MD & CEO, said, “Our performance so far in the current fiscal is in line with our guidance. All our subsidiaries and business verticals have made worthwhile contributions to the overall performance. We now look forward to a strong finish in the fourth quarter.”
Source: Economic Times
