Manappuram Q4 profit drops to Rs170cr; proposes 50ps interim dividend

KOCHI: Manappuram Finance, one of the leading gold loan companies in Kerala, has reported a standalone fourth quarter net profit of Rs169.51 crore compared with a net profit of Rs207.21 crore for the same period last year.

The board has proposed a 25 per cent interim dividend or 50 paise for each equity share with the face value of Rs2 taking the total dividend to Rs2. The revenue of the company also witnessed a marginal drop from Rs789.10 crore to Rs752.36 crore for the quarter ending March 31, 2018.

The full year net profit also recorded a contraction as the net income dropped from Rs726.03 crore to Rs700.16 crore as the year closed on March 31, 2018.

The trend was witnessed in the company’s full year revenue, which fell from Rs3008.43 crore to Rs2949.86 crore during the year. However, the total assets improved during the year as they expanded from Rs13,146,36 crore to Rs14,675.88 crore as of March 31, 2018.

The long term loans also increased from Rs332.39 crore to Rs870.45 crore during the year under review.

 

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