Manappuram reports Rs194cr standalone Q2 profit

Interim dividend of 55 paise per share declared

KOCHI: One of India’s leading gold loan companies, Manappuram Finance, has reported 13.53 per cent increase in its standalone net profit to Rs193.81 crore for the quarter ended September 30, 2018, compared with the same period last year.

The company has recommended an interim dividend of 55 paise per equity share of Rs2 each at the board meeting.

The sequential growth in net profit for Q2 was 13.22 per cent.  While the total income grew from Rs717.99 crore to Rs850.87 crore for the quarter under review, the quarter closed with a standalone asset base of Rs15,910 crore as of September 30, 2018.

The company posted a consolidated net profit of Rs224.00 crore for the quarter under discussion compared with Rs159.23 crore the company turned in for the corresponding quarter in the previous year.

The company had total assets to the tune of Rs18,722 crore on a consolidated basis as of September 30, 2018 compared with Rs11,353 crore a year earlier, representing a smart year-on-year growth of 64.91 per cent year on year.

Manappuram Finance, which had a paid up capital of Rs168.56 crore as of September 30, 2018 had a total equity or shareholders’ equity of Rs4083.88 crore as of the end of the second quarter.

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