314.1000 5.55 (1.80%)
NSE Jan 01, 2026 15:31 PM
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Manappuram Finance Ltd.
31 Jul 2020, 12:00AM
314.10
1.80%
Arihant Capital
Manappuram Finance (MFL) reported weak performance in terms of asset quality and growth front, led by its non-gold business. However, operating performance of the Company remained healthy. Gold loan business of the Company continued to remain strong. NII for the quarter grew by 19% YoY to Rs 946 cr, led by 26% YoY growth in consolidated AUM. Healthy NII growth and cost optimization bolstered operating profit growth at 41% YoY to Rs 638 cr. Cost to Income ratio came down by 384 bps QoQ to 32.9%. Profit during the quarter increased by 35% YoY to Rs 368 cr, but it has declined by 8% QoQ, due to 19% QoQ increase in provisions at Rs 145...
Manappuram Finance L.. has an average target of 279.00 from 5 brokers.
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