Manappuram Finance Q3FY22 net profit at Rs261 crore; declares interim dividend of Rs0.75 per share

15 Feb 2022 , 09:24 AM

Manappuram Finance Ltd. reported a consolidated net profit of Rs261.01 crore for the quarter ending December 31, 2021. The profit is lower by 45.98% compared to Rs483.19 crore reported in the year-ago quarter.

The company’s consolidated assets under management (AUM) grew by 10% to Rs30,407.13 crore from Rs27,642.48 crore a year ago, and by 6.99% in comparison to Rs28,421.63 crore reported in the preceding quarter (Q2).

The stock is currently trading at Rs137.35 down by Rs5.65 or 3.95% from its previous closing of Rs143 on the BSE. The scrip opened at Rs140 and has touched a high and low of Rs141.55 and Rs136.60 respectively.

Sharing the results with the media, Mr. V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd. said,” Q3 was marked by disruptions due to the surge in the omicron variant. However, we achieved good growth in business volumes from our core business of gold loans as also in vehicle finance and home loans.”