More Stories

Informist, Friday, May 9, 2025

 

--Manappuram Fin FY25 consol revenue INR 100.41 bln vs INR 88.48 bln yr ago 
--Manappuram Fin FY25 consol PAT INR 12.16 bln vs INR 21.89 bln year ago 
--Manappuram Fin to pay INR 0.50 per share interim dividend 
--Manappuram Fin Jan-Mar consol revenue INR 23.60 bln vs INR 23.48 bln yr ago 
--Manappuram Fin Jan-Mar consol loss INR 1.91 bln vs INR 5.62 bln PAT yr ago 
--Analysts saw Manappuram Fin Jan-Mar consol net profit INR 3.69 bln 
--Manappuram Fin Jan-Mar consol net loss INR 1.91 bln 

 

By Pratiksha

 

NEW DELHI – Manappuram Finance Ltd. reported a consolidated net loss of INR 1.91 billion for the March quarter owing to stress in its microfinance business. The company had reported a net profit of INR 5.62 billion a year ago. Analysts had expected the gold financier to post a net profit of INR 3.69 billion. 

 

The Kerala-based company's microfinance business performed poorly in the March quarter, with the segment revenue falling 30.3% on year to INR 5.13 billion. The microfinance segment reported a loss of INR 7.94 billion for the quarter before tax, against a profit before tax of INR 1.38 billion a year ago.  

 

On Friday, shares of the company closed 0.3% higher at INR 228.62 on the National Stock Exchange. The company detailed its results for the March quarter after market hours

 

Stress in the gold loan business also weighed on the company's bottomline. The gold loan segment's profit before tax fell 8.1% on year to INR 5.58 billion in Jan-Mar. 

 

During the quarter, the company's total revenue from operations rose only 0.5% on year to INR 23.60 billion. Sequentially, the revenue was down 7.8%. The company's net gain on derecognition of financial instruments fell 58.8% on year to INR 109.4 million. 

 

Manappuram Finance, one of India's biggest gold loan providers, saw a 60.8% on-year rise in total expenses at INR 25.99 billion. Within this, finance costs rose 14.9% on year to INR INR 8.95 billion and expenses from impairment on financial instruments jumped fivefold to INR 9.19 billion. 

 

The company's consolidated profit for FY25 was INR 12.16 billion, down 44.4% on year, while the consolidated revenue rose 13% to INR 100.75 billion. Manappuram Finance's board announced interim dividend of INR 0.50 per share with face value of INR 2 each for FY25.  End 

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.