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Published on 15/05/2019 5:30:40 PM | Source: Dion Global Solutions Ltd

Manappuram Finance Q4 net profit up 25.99% at Rs 213.57 cr

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The company reported standalone net profit of Rs 213.57 crore for the quarter ended March 31, 2019 as compared to Rs 169.51 crore in the same period last year, registering a year-on-year growth of 25.99 per cent. Net revenue of the company rose moderately by 18.48 per cent at Rs 890.72 crore in January-March quarter of this fiscal as against Rs 751.78 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 4.79 per cent to Rs 288.57 crore from Rs 275.39 crore in year ago period.

Other Income grew by 218.97 per cent at Rs 1.85 crore versus (Mar'18 Rs 0.58 crore). Operating Profit surged by 26.40 per cent to Rs 602.14 crore as against Rs 476.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.68 per cent in March quarter. Interest grew by 32.37 per cent y-o-y to Rs 272.40 crore, while Taxation increased by 17.41 per cent at Rs 100.76 crore (Mar'18 Rs 85.82 crore).