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Manappuram Finance surges over 10% as Q3 profit more than doubles

The stock surged 13% to Rs 105 on the BSE in early morning trade

SI Reporter  |  Mumbai 

Manappuram Finance surged 13% to Rs 105 on the BSE in early morning trade after the company more-than-double its consolidated net profit at Rs 203 crore for the quarter ended December 2016 (Q3FY17). The non-banking finance company had profit of Rs 100 crore in the year ago quarter. Total consolidated operating income during the quarter under review increased by 46% to Rs 901 crore against Rs 616 crore reported in the corresponding quarter of previous fiscal. “Our performance during the quarter was affected by the dislocation caused by demonetisation. However, the ...

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First Published: Thu, February 09 2017. 09:31 IST
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