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Manappuram Finance Q4 Results: Net profit rises 17% to Rs 468 cr in March quarter



News24

LAST UPDATED: May 27, 2021, 4:47 p.m.

New Delhi (Anish Yande): Shares of Manappuram Finance fell by 3 per cent on Thursday’s trading session following the announcement of results for the March quarter of 2021. Manappuram Finance shares opened at Rs 156.65 per share from its previous close of Rs 160 per share on Wednesday. The shares of the financial company rose to an intraday high of Rs 157.80 per share. The market cap of Manappuram Finance increased to Rs 13,120 crores.

Manappuram Finance net profit rises to Rs 468.35 crore in Q4:

Manappuram Finance reported a consolidated net profit of Rs 398.20 crore in Q4 FY20. The financial company’s net profit increased to Rs 468.35 crore in the January-March quarter of FY21. The company increased by 17.6 percent on a year-on-year basis. 

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For the full year 2020-21, Manappuram Finance has reported a net profit of Rs 1,724.95 crore, which increased from the previous year’s net profit of Rs 1,480.30 crore. The financial company’s net profit rose 16.5 percent on a yearly basis.

The Assets under Management of Manappuram Finance was at Rs 25,225.2 crore in the March quarter of FY20. The pharma company’s Assets under Management rose to Rs 27,224.22 crore in Q4FY21, at an increase of 7.9 percent. Gold loans of the finance company grew to Rs 19,077.05 crore in FY21, increasing by 12.44 per cent.

Manappuram Finance total consolidated income rises to Rs 1,618.15 crore:

The total consolidated income of Manappuram Finance rose to Rs 1,630.25 crore in the March quarter of 2021 as compared to Rs 1,618.15 crore in the corresponding period of the previous year. 

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In the fiscal year 2020, the finance company’s total income was recorded at Rs 5,551.19 crore. Total income rose to Rs 813.56 crore in FY21, rising by 14.8 per cent on a yearly basis. 

General Manager of Manappuram Finance, Madhu Mohan, has been appointed as the Chief Risk Officer of the company for a duration of one year with effect from July 17, 2021. The board of directors of Manappuram Finance has declared an interim dividend of 75 paise per equity share at a face value of Rs 2.

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