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Manappuram Finance Q4 PAT up 18% at ₹468 crore

Wednesday, May 26, 2021

The Hindu Business Line 

 

 

Board approves interim dividend of ₹0.75 per share. 

 

Manappuram Finance Ltd has posted an 18 per cent growth in its consolidated profit after tax in Q4 of FY21 at ₹468.35 crore against ₹398.20 crore in the year-ago quarter. As a result, the consolidated PAT for the full year was ₹1,724.95 crore, an increase of 16.53 per cent over the previous year’s figure of ₹1,480.30 crore. 
 

The operating income for the year stood at ₹6,330.55 crore, up by 15.83 per cent over ₹5,465.32 crore. The Board of Directors approved payment of an interim dividend of ₹0.75 per share of the face value of ₹2.
 

V.P. Nandakumar, MD & CEO, said: “Our performance is particularly satisfactory given the multiple challenges faced throughout this pandemic affected year. Despite all the disruptions due to lockdowns, the consequent slowdown in economic activity and consumption, and volatility in gold prices, we have succeeded in posting our best ever full-year results, with significant growth in business and profitability.” 

The consolidated Assets under Management (AUM) stood at ₹27,224.22 crore, up by 7.92 per cent compared to ₹25,225.20 crore. Growth was led by gold loans, which grew by 12.44 per cent to reach ₹19,077.05 crore. During the year, aggregate gold loan disbursements went up to ₹263,833.15 crore from ₹168,909.23 crore in the previous year. As of March 31, the number of live gold loan customers stood at 25.9 lakh. 

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