Manappuram Finance Ltd is an Indian NBFC. It is located in Valapad, Thrissur, Kerela. It was incorporated in 1949. The company mainly deals with gold loan, forex & money transfer, SMS finance and commercial vehicle loan. The shares trade on BSE. As per the data submitted on December 31, 2021, the Manappuram Finance Ltd. had 5,021 branches in 24 states and 4 UTs. It has Assets under management (AUM) of ₹304.07 billion. The company’s net worth stood at ₹81.60 billion.
Key Financial Highlights
| RS in Crores | 31-12-2021 | 31-12-2020 |
| Revenue from operation | 1100.67 | 1352.93 |
| Total Expense | 764.5 | 731.87 |
| Profit before Tax | 345.91 | 622.91 |
Net profit for Q3 FY 2022 is ₹259.06 crores.
Total consolidated operating income is ₹1,484.45 crore.
The company declared interim dividend of ₹ 0.75 per share.
For Q3 FY 2022, the gross NPA stood at 1.36% with net NPA reported at 1.03%.
Gold loan portfolio increased by 9% to Rs.20,450 crores
Manappuram Subsidiaries
Manappuram’s microfinance subsidiary, Asirvad Microfinance Ltd achieved 32.34%. As per records Asirvad Microfinance is now India’s fourth largest NBFC-MFI.
The company’s home loans subsidiary recorded an AUM of ₹816.65 crore. The vehicle Equipment Finance division earned an AUM of ₹1,509.67 crore.
Conference Call Highlights
Management Updates
The reported ROE on a consolidated basis is 13% and ROA is 3% for Q3 FY 2022.
The AUM increased by 8.8% QoQ and up by 1.2% YoY.
The total number of gold loan customers stood at 25.09 lakhs in Q3 FY 2022.
MFI business stood 96% with and disbursement stood at Rs 2000 crores.
Business Updates
Manappuram has raised 250 crores with the issuance of new bonds.
Mr. Jagdish Capoor Independent Non-Executive Director & Chairman of the Board has resigned from Manappuram.