The NBFC’s consolidated belongings beneath administration (AUM) for Q3 stood at ₹40,385 crore, marking a 27 per cent improve over the corresponding quarter of FY23. The overall consolidated working earnings through the quarter was ₹2,305 crore. The consolidated gold mortgage portfolio skilled a 12 per cent improve, reaching ₹20,758 crore in comparison with the third quarter of FY23. The variety of lively gold mortgage clients stood at 25 lakh as of December 31, 2023.
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V.P. Nandakumar, MD & CEO, stated, “Within the third quarter, at a consolidated degree, we’ve got made positive aspects in profitability in addition to AUM. Our efforts to determine ourselves as a serious participant within the non-gold companies are bearing fruit, particularly in microfinance, automobiles, and tools.”
Gold mortgage AUM remained flat, whereas Asirvad Microfinance Ltd closed the quarter with an AUM of ₹11,563 crore, reflecting a development of 34 per cent in comparison with the year-ago quarter. Asirvad’s internet revenue was ₹127 crore, demonstrating an 80 per cent year-on-year (y-o-y) development.
The Automobiles & Tools Finance division ended the AUM at ₹3,597 crore, registering a sturdy 70 per cent y-o-y development whereas sustaining good credit score self-discipline. The house loans subsidiary, Manappuram Residence Finance Ltd, has been exhibiting a gentle development with an AUM of ₹1,415 crore, up by 41 per cent. The fee-based insurance coverage brokerage enterprise is rising properly and a revenue of ₹28 crore this quarter.
The corporate’s non-gold mortgage companies now account for a 49 per cent share of its consolidated AUM.
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