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Manappuram Profit Falls Despite Revenue Rise
29 Jan
Summary
- Net profit decreased 15.9% year-on-year to ₹381 crore.
- Revenue from operations increased 6.5% to ₹1,915.35 crore.
- Company declared an interim dividend of ₹0.50 per equity share.
Manappuram Finance reported a consolidated net profit of ₹381 crore for the December quarter, marking a 15.9% decrease compared to the same period last year. This downturn in profitability occurred despite a 6.5% rise in revenue from operations, which reached ₹1,915.35 crore.
The gold loan-focused NBFC also saw its net interest income remain relatively flat, easing by 0.9% year-on-year to ₹1,150 crore. Ahead of these results, the company's shares closed marginally higher on the NSE.
In a positive development for shareholders, the board declared an interim dividend of ₹0.50 per equity share. The record date for this dividend has been set for February 6, 2026.
