 "Micro lenders turn the page with banking licences")
Manappuram Finance rallied 6% to Rs 94.45 on BSE after the company reported a strong 53% year-on-year (y-o-y) jump in consolidated net profit at Rs 201 crore in March quarter (Q4FY17). The non-banking finance company had reported profit of Rs 131 crore in the same quarter a year ago.
Total income from operations during reporting quarter jumped 38% to Rs 899 crore from Rs 652 crore in the corresponding quarter of previous fiscal.
“The performance is encouraging particularly because the second half of the year was a challenge, given the after-effects of demonetization and the near-drought condition prevailing
Total income from operations during reporting quarter jumped 38% to Rs 899 crore from Rs 652 crore in the corresponding quarter of previous fiscal.
“The performance is encouraging particularly because the second half of the year was a challenge, given the after-effects of demonetization and the near-drought condition prevailing
