Manappuram Finance Ltd. share price target

Weak results; Non-gold loans to drive growth Manappuram Finance Ltd (MFL) reported weak results led by a muted AUM growth of mere 0.7% YoY (6.6% QoQ) to 14,650 crore as on 31 Dec'17. Net interest income (NII) grew 5.5%, while pre-provisioning profit and net profit declined 12.6% and 14.6%, respectively. Cost-income ratio increased 1,045bps YoY to 51.0%. Asset quality remained healthy with gross and net NPAs at 0.7% and 0.4%, respectively, down 50bps QoQ each. Recommendation: Over the last few months, the stock of MFL has remained...

Manappuram Finance Limited (MFL) reported a moderate set of numbers in its Q3FY18 financial results. AUM growth and net profit were below from our estimates, however net revenue and asset...

Manappuram Finance (MGFL) reported muted NII growth of 7% YoY while PAT declined 17% on account of slowdown in gold loan disbursement and losses in Asirvad Microfinance.

Manappuram Finance (MFL) reported Q2FY18 results with the broad takeaway being that this is the last quarter of significant provisions on MFI book and Asirvad MFI is, now, poised to...

Manappuram Finance (MFL) reported Q1FY18 results with Consolidated quarterly PAT broadly flattish to lower, de-growing -3% yoy to INR 155 cr. Group AUM growth was particularly tepid at 3%...

Manappuram Finance reported Q4FY17 results with Consolidated PAT surging 53% yoy to INR 201cr, capping a standout FY17, in which Consolidated PAT increased by 115% over the previous year.

Manappuram Finance (MGFL) reported PAT growth of 51% YoY at Rs 201 cr, however flat QoQ as MFI subsidiary reported loss of Rs.7 cr in Q4 FY17 which was due to deterioration in asset quality.

Manappuram Finance Ltd: RBI changes regulation for NBFC, Q3FY17 Results better then expected