Manappuram Finance Q4 results: Net profit jumps 44% to Rs 398 crore

Thursday, May 14, 2020
Economic Times



The NBFC had posted a net profit of Rs 277.39 crore during the corresponding period of the preceding fiscal.

Manappuram Finance on Thursday reported nearly 44 per cent increase in net profit at Rs 398.20 crore for the quarter ended March 2020, on robust interest income.

The non-banking financial company (NBFC) had posted a net profit of Rs 277.39 crore during the corresponding period of the preceding fiscal.

Total income during the quarter under review rose to Rs 1,618.15 crore as against Rs 1,166.51 crore a year ago, Manappuram Finance said in a regulatory filing.

Of this, the interest income was Rs 1,471.91 crore, higher than Rs 1,085.80 crore in the year-ago quarter.
For 2019-20, the company's net profit soared 56 per cent to Rs 1,618.15 crore as against Rs 948.55 crore in the previous year.

Total income for FY20 rose to Rs 5,551.19 crore from Rs 4,242.04 crore in 2018-19.

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