Manappuram Finance Q4 net up 83% to Rs 187 cr

Full-year profit doubles to Rs 590 cr, Total income for FY12 up 125%

Mannapuram Finance Ltd, a financial services company engaged in the business of extending loans against gold collateral, has posted an 83% year-on-year rise in net profit for the quarter ended March 31, 2012, at Rs 186.96 crore. The firm's profit for the same quarter a year ago was Rs 101.80 crore.

Mannapuram Finance's total income was up more than 90%, from Rs 420.45 crore for the quarter ended March 31, 2011 to Rs 803.76 crore for the periof under review.

For the full financial year ended ended March 31, 2012, the company posted a more than two-fold increase in net profit at Rs 591.46 crore. The profit for FY11 was Rs 282.66 crore.

Total income rose 125% from Rs 1,181.53 crore in FY11 to Rs 2,655.85 crore in FY12.