Manappuram Finance Q2 results: PAT up 2% at Rs 571 cr on gold loan boost

Quick Summary:

Shares of Manappuram Finance closed 4% higher ahead of the results.

Impairments in its Asirvad Micro Finance unit jumped by 121.8%, the company said in an earnings statement.

Meanwhile, microfinance loans, or collateral-free loans to borrowers with annual incomes up to 300,000 rupees, jumped 22.6% to Rs 781 crore.

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Category: BusinessFinance

Markets: India

Topics: Assets under management Manappuram Finance Q2 results Corporate earnings Gold loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 18:34:43 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 23431450

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