 "gold, gold loan")
The stock market has reacted positively to the July-September quarter (Q2) results of the gold-focused NBFCs, Muthoot Finance, and Manappuram Finance with both stocks recommended and gaining post-results.
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net interest income (NII) saw a margin expansion of 24 basis points (bps) Q-o-Q to 15.44 per cent.
NII stood at Rs 1,467 crore (up 6.5 per cent Q-o-Q and up 25.6 per cent Y-o-Y).
The operating profit was at Rs 866 crore (up 8.0 per cent Q-o-Q
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