This NBFC stock, specializing in providing a wide range of fund-based and fee-based services has declined upto 13 percent following the Q3 results with a 52 percent decline in their Profit YoY.
Price action
With a market capitalization of Rs. 14,867.63 crores on Friday, the shares of Manappuram Finance Limited down upto 13 percent making a low of Rs. 169.10 per share compared to its previous closing price of Rs. 194.25 per share.
What Happened
Manappuram Finance Limited engaged in providing a wide range of fund-based and fee-based services has announced its Q3 results.
Its net interest income (NII) saw a healthier growth of 13.7 percent YoY, reaching Rs. 1,160.9 crore compared to Rs. 1,021.2 crore in Q3FY24. The rise in NII indicates strong lending activity and improved interest spreads.
Its Net Profit declined by 52 percent YoY from Rs. 575 Crores in Q3FY24 to Rs. 278 Crores in Q3FY25 and it declined by 51.3 percent QoQ from Rs. 572 Crores in Q2FY25 to Rs. 278 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 3.29, compared to Rs. 6.75 in the previous quarter and Rs. 6.79 in the same quarter last year.
Furthermore, they have declared an interim dividend of Rs. 1 per share of a face value of Rs. 2 for the financial year 2024-25. The record date to determine eligible shareholders is set for 21st February 2025, with the payment by March 14, 2025.
Segment Revenue
The company’s revenue is primarily driven by two segments: the gold loan and other segments, which contributed Rs. 1,897 crores compared to Rs. 1,856 crores in the previous quarter, and the Microfinance segment, which contributed Rs. 665 crores compared to Rs. 780 crores in the previous quarter.
About the Company
Manappuram Finance Limited is an Indian non-banking financial company (NBFC) that specializes in gold loans, offering financial services to individuals and small businesses. The company also provides microfinance, personal loans, and insurance services and focuses on providing accessible and affordable financial solutions, leveraging technology for efficient service delivery.
Written by Sridhar J
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