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Manappuram Finance Ltd Q1FY24; 77% rise in Profits

Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)

Financial Results:

Manappuram Finance Ltd reported Revenues for Q1FY24 of ₹2,026.00 Crores up from ₹1,502.00 Crore year on year, a rise of 34.89%.

Total Expenses for Q1FY24 of ₹1,375.00 Crores up from ₹1,122.00 Crores year on year, a rise of 22.55%.

Consolidated Net Profit of ₹498.00 Crores up 76.6% from ₹282.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.86, up 75.98% from ₹3.33 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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