Manappuram Finance shines on reporting 11% rise in Q2 consolidated net profit

Manappuram Finance is currently trading at Rs. 115.50, up by 6.75 points or 6.21% from its previous closing of Rs. 108.75 on the BSE.

Manappuram Finance
Manappuram Finance

The scrip opened at Rs. 109.45 and has touched a high and low of Rs. 115.65 and Rs. 108.00 respectively. So far 856539 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 219.90 on 12-Nov-2021 and a 52 week low of Rs. 81.50 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 115.85 and Rs. 104.25 respectively. The current market cap of the company is Rs. 9699.68 crore.

The promoters holding in the company stood at 35.18%, while Institutions and Non-Institutions held 40.54% and 24.27% respectively.

Manappuram Finance has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 1.77% in its net profit at Rs 348.71 crore for the quarter under review as compared to Rs 355.00 crore for the same quarter in the previous year.

However, total income of the company increased by 7.00% at Rs 1252.36 crore for Q2FY23 as compared Rs 1170.39 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 10.71% in its net profit at Rs 409.48 crore for the quarter under review as compared to Rs 369.88 crore for the same quarter in the previous year.

Total income of the company increased by 10.27% at Rs 1714.12 crore for Q2FY23 as compared Rs 1554.42 crore for the corresponding quarter previous year.

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