Manappuram Finance has reported results for third quarter ended December 31, 2011.
The company has posted a rise of 116.52% in its net profit of Rs 161.37 crore for the quarter ended December 31, 2011 as compared to Rs 74.53 crore for the same quarter in the previous year. Total income has increased by 121.84% from Rs 330.47 crore for Q3FY11 to Rs 733.10 crore in the quarter under review.
Manappuram Finance is one of the largest gold loan companies in India operating from Valapad, Kerala.