Manappuram Finance Q2 consolidated net profit declines 9% at Rs 370 cr

Income from operations fell 2% to Rs 1,532 cr in Q2FY22

Gold loan provider Manappuram Finance Ltd on Saturday posted 9 per cent drop in consolidated net profit at Rs 370 crore for the second quarter ended September 2021 (Q2FY22) as against Rs 405.4 crore a year-ago quarter (Q2FY21). Sequentially, net profit fell 15 per cent when compared to Rs 537 crore in June 2021 quarter.

The income from operations of the non-banking finance company fell 2 per cent to Rs 1,532 crore in Q2FY22 from Rs 1,566 crore in Q2FY21. On sequential terms it fell 2 per cent as against Rs 1,563 crore in Q1FY22. The consolidated figures reflect performance of