Manappuram Finance Q4 net rises 18% to Rs 468 crore

For the entire of FY21, the corporate reported a consolidated web revenue of Rs 1,724.95 crore, in opposition to Rs 1,480.30 crore within the year-ago interval.T

NBFC Manappuram Finance on Wednesday reported a 17.62% year-on-year (y-o-y) enhance in its consolidated web revenue to Rs 468.35 crore for the fourth quarter of FY21.

The Kerala-based gold mortgage lender, which additionally operates a house mortgage, microfinance and industrial car leasing subsidiary, has reported a standalone web revenue of Rs 457.95 crore for the fourth quarter of final fiscal, a rise of 34.79% from Rs 339.76 crore reported within the year-ago quarter.

Nevertheless, sequentially, the lender reported a 1.58% fall within the web revenue, from Rs 465.29 crore in Q3 of FY21. The gold mortgage portfolio additionally declined quarter-on-quarter (q-o-q) by 5.61% to Rs 19,077.05 crore in This autumn, from Rs 20,211.58 crore reported in Q3FY21.

For the entire of FY21, the corporate reported a consolidated web revenue of Rs 1,724.95 crore, in opposition to Rs 1,480.30 crore within the year-ago interval.The NBFC’s working earnings for the 12 months stood at Rs 6,330.55 crore, up 15.83% from Rs 5,465.32 crore recorded within the earlier 12 months.

VP Nandakumar, MD & CEO, mentioned, “Our efficiency is especially passable given the a number of challenges confronted all through this pandemic-affected 12 months. Regardless of all disruptions on account of lockdowns, the ensuing slowdown in financial exercise and consumption and volatility in gold costs, we now have succeeded in posting our best-ever full-year outcomes, with important progress in enterprise and profitability.”

The corporate’s consolidated property below administration (AUM) stood at Rs 27,224.22 crore, up 7.89% compared to Rs 25,234.03 crore within the earlier 12 months. Development was led by gold loans which grew by 12.44% to succeed in Rs 19,077.05 crore.

The capital adequacy ratio (standalone) is reported at 28.88%. The web NPA place stood at 1.53%, and gross NPA at 1.92% as of March 31, 2021.

The board of administrators authorized cost of an interim dividend of Rs 0.75 per share of the face worth of Rs 2.

Madhu Mohan, basic supervisor, has been re-appointed the chief danger officer for a interval of 1 12 months with impact from July 17, 2021, the corporate mentioned in a regulatory submitting.