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Manappuram Finance Q2 results: Profit jumps over 3-fold to ₹701 crore
Sentiment: PositiveHigh Priority
What Happened?
Manappuram Finance Ltd reported a consolidated profit after tax of ₹701 crore for Q2 FY27, a more than three-fold increase from ₹217.31 crore in the same quarter last year. Total income rose to ₹3,312 crore, up from ₹2,275 crore a year earlier.
Key points
- Consolidated profit after tax for Q2 FY27 is ₹701 crore.
- Profit increased from ₹217.31 crore in Q2 FY26.
- Total income for the quarter rose to ₹3,312 crore.
- Gold loan AUM surged 92.5% year-on-year to ₹60,640 crore.
- Total AUM reached ₹73,303 crore, a 60% increase year-on-year.
- Net profit rose 20% from ₹585 crore in the previous quarter.
Key insights
- This profit surge could enhance investor confidence in the company's growth trajectory.
- The strong performance in gold loans indicates a robust demand in the sector.
- The substantial increase in AUM may lead to further expansion opportunities for the company.
Why it matters
The significant profit increase may attract more investors to Manappuram Finance.
Entities
Manappuram Finance Ltd· Company₹701 crore· Currency₹3,312 crore· Currency₹60,640 crore· Currency₹73,303 crore· Currency
Source
Business Standard
