Manappuram Finance reports 46% rise in Q1 net profit

02 Aug 2012 Evaluate

Manappuram Finance has reported results for first quarter ended June 30, 2012.

The company has reported a rise of 46.32% in its net profit at Rs 157.76 crore for the quarter under review as compared to Rs 107.82 crore for the same quarter in the previous year. The total income of the company has increased by 47.01% at Rs 725.48 crore for Q1FY13 as compared Rs 493.49 crore for the corresponding quarter previous year.

Manappuram Finance is a non-deposit taking NBFC and is mainly engaged in providing retail advances against bullion asset collaterals, in the form of household used jewellery. The company is having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and had 2,908 branches across India at the end of FY 12.

Manappuram Finance Share Price

185.25 4.05 (2.24%)
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