Manappuram Finance gains on reporting 51% rise in Q3 consolidated net profit
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Manappuram Finance is currently trading at Rs. 116.90, up by 1.25 points or 1.08% from its previous closing of Rs. 115.65 on the BSE.
The scrip opened at Rs. 115.95 and has touched a high and low of Rs. 118.65 and Rs. 115.00 respectively. So far 319292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 161.00 on 09-Feb-2022 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. 118.65 and Rs. 111.15 respectively. The current market cap of the company is Rs. 9885.89 crore.
The promoters holding in the company stood at 35.20%, while Institutions and Non-Institutions held 41.64% and 23.15% respectively.
Manappuram Finance has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported rise of 22.88% in its net profit at Rs 318.32 crore for Q3FY23 as compared to Rs 259.06 crore for the corresponding quarter previous year. Total income of the company increased by 12.47% to Rs 1248.89 crore for the quarter under review as compared to Rs 1110.41 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 50.76% in its net profit at Rs 393.49 crore for the quarter under review as compared to Rs 261.01 crore for the same quarter in the previous year. Total income of the company increased by 15.11% to Rs 1734.52 crore for the quarter under review as compared to Rs 1506.85 crore for the same quarter in the previous year.
