Manappuram Finance advances on reporting 46% rise in Q1 net profit

02 Aug 2012 Evaluate

Manappuram Finance is currently trading at Rs 35.25, up by 1.05 points or 3.07% from its previous closing of Rs 34.20 on the BSE.

The scrip opened at Rs 34.80 and has touched a high and low of Rs 35.90 and Rs 34.40 respectively. So far 805773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 67.10 on 14-Nov-2011 and a 52 week low of Rs 18.60 on 10-May-2012.

Last one week high and low of the scrip stood at Rs 35.35 and Rs 30.35 respectively. The current market cap of the company is Rs 2956.65 crore.

The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 36.41% and 32.04% respectively.

Manappuram Finance has reported a rise of 46.32% in its net profit at Rs 157.76 crore for the first quarter ended June 30, 2012 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

185.10 3.90 (2.15%)
23-Dec-2024 09:36 View Price Chart
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