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Manappuram Finance shares jump 5.5 pc after Q1 results

Press Trust of India  |  New Delhi 

Shares of Manappuram Finance on Wednesday jumped 5.5 per cent after the company reported a 36 per cent rise in its profit after tax (PAT) on a consolidated basis during the first quarter ended June 30.

The scrip gained 5.50 per cent to close at Rs 122.70 on the BSE. During the day, it climbed 6.49 per cent to Rs 123.85.

On the NSE, shares rose 5.20 per cent to close at Rs 122.30.

In terms of traded volume, 11 lakh shares were traded on the BSE and over one crore shares on the NSE during the day.

Manappuram Finance on Tuesday reported a 36 per cent rise in its profit after tax (PAT) at Rs 272.23 crore on a consolidated basis during the first quarter ended June 30.

The company had posted a net profit of Rs 199.99 crore during the April-June period of the previous fiscal.

Income (consolidated) rose to Rs 1,184.70 crore in the three months to June of 2019-20, as against Rs 947.18 crore in the same period last year, Manappuram Finance said in a regulatory filing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 14 2019. 17:00 IST
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