Manappuram Finance

about 5 years ago
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Manappuram Finance is the top gainer on the BSE, going up to an intra day high at Rs.105, inches close to its 52-week high of Rs.106.75. Volumes have spurted up almost 4 times.

Despite the company saying that its operations were hit due to demonetization, its consolidated net profit more than doubled to Rs.203 crore from Rs.100 crore in previous Q3. This was in a 46% jump in total revenue at Rs.901 crore.

Its gold loan asset management business showed a 27% growth  and aggregate loan disbursals during the quarter was at Rs.12,060 crore. Consolidated AUM was up 38% at Rs.14,555 crore.

Its borrowing cost, which fell by 78 basis points (0.78 per cent) over the last one year and 234 basis points (2.34 per cent) over the last two years, declined by a further 24 bps to 9.86 per cent during the quarter.

The company has said that things are back to normal, with demonetization impact now receded.

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