The consolidated belongings beneath administration (AUM) for Q1 reached ₹44,932 crore, marking a 21 per cent improve and a 6.8 per cent rise quarter-on-quarter. The standalone web revenue for the quarter, excluding subsidiaries, was ₹441 crore.
Whole consolidated working earnings for the quarter was ₹2,488 crore, a 23 per cent improve from the identical quarter final 12 months. The consolidated gold mortgage portfolio noticed a 14.8 per cent improve to ₹23,647 crore in contrast with the primary quarter of FY24, with the variety of reside gold mortgage prospects at 2.6 million as of June 30, 2024.
- Additionally learn: Excessive demand and market competitors gas Manappuram Finance’s 10% gold mortgage progress goal, says MD VP Nandakumar
Gold mortgage
V P Nandakumar, MD and CEO, mentioned, “We had been in a position to obtain vital progress in gold mortgage AUM on this quarter, registering practically 15 per cent progress year-on-year and 10 per cent sequentially. Our non-gold verticals are additionally rising, contributing notable features in AUM and web revenue.”
Asirvad Microfinance Ltd concluded the quarter with an AUM of ₹12,310 crore from ₹10,141 crore and a web revenue of ₹100 crore. Manappuram House Finance, the house loans subsidiary, clocked an AUM of ₹1,587 crore. The automobiles and tools finance division’s AUM reached ₹4,541 crore, exhibiting a major 63.4 per cent improve.
The non-gold mortgage companies now characterize 47 per cent of its consolidated AUM. The common borrowing price for the standalone entity was 9 per cent in Q1 FY24, in contrast with 8.3 per cent within the year-ago quarter. Gross NPA stood at 1.96 per cent and web NPA at 1.7 per cent.
As of June 30, 2024, the corporate’s consolidated web price was ₹12,021 crore, with a guide worth per share of ₹142. The standalone capital adequacy ratio was 29.6 per cent. Consolidated complete borrowings had been ₹38,463 crore and the entire variety of reside prospects reached 6.8 million.
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