ICRA removes Manappuram Finance from rating watch

25 Jun 2012 Evaluate

Credit rating agency ICRA has removed Manappuram Finance’s rating from ‘Rating watch with Developing Implications’. The outlook on the company’s long term rating is stable.

Recently, CRISIL reaffirmed ‘A1+’ rating for various debt programs of Manappuram Finance, and removed the rating from ‘Rating watch with Developing Implications’. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of debt obligations.

Manappuram Finance is one of the largest gold loan companies in India operating from Valapad, Kerala. It reported a jump of 83.65% in its net profit at Rs 186.96 crore for the quarter ended March 31, 2012 as compared to Rs 101.80 crore for the same quarter a year ago.

Manappuram Finance Share Price

171.40 -8.90 (-4.94%)
13-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Finance 7147.10
Shriram Finance 520.80
Aditya Birla Capital 169.70
SBI Cards AndPayment 712.85
Mah & Mah Finl. Serv 262.95
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.