The corporate’s consolidated Property beneath Administration (AUM) grew by 18.7 per cent to ₹42,070 crore from ₹35,428 crore within the earlier fiscal yr. Working revenue for the yr reached ₹8,848 crore, up by 32 per cent from ₹6,697 crore within the earlier fiscal.
- Additionally learn: Manappuram Finance posts 46% rise in Q3 internet revenue at ₹575 crore
The Board of Administrators authorised an interim dividend of ₹1 per share of face worth ₹2.
V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd, mentioned, “Our efficiency in non-gold segments reminiscent of microfinance, business automobiles and residential loans is exceptionally encouraging. In our core enterprise of gold loans too, we’ve achieved commendable enhance over the earlier fiscal, and I’ve little doubt that we’ll not solely preserve the speed of progress but additionally enhance upon it within the coming yr.”
Gold loans AUM grew by 8.9 per cent to ₹21,500 crore over the earlier yr and elevated by 3.6 per cent in comparison with the earlier quarter. As of March 31, the variety of reside gold mortgage clients stood at 2.5 million.
Asirvad Microfinance Ltd, the corporate’s microfinance subsidiary, reported an AUM of ₹11,881 crore, up by 18 per cent from the earlier fiscal yr. The Automobile and Gear Finance division closed the yr with an AUM of ₹4,111 crore, exhibiting a 69 per cent progress.
Manappuram Dwelling Finance Ltd achieved an AUM of ₹1,510 crore, a progress of 38 per cent over the earlier fiscal yr. General, non-gold companies contributed 49 per cent to the corporate’s mortgage ebook.
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