Page 8 - Manappuram Finance

Manappuram Finance's Rs 1.5-bn equity infusion in subsidiary gets go-ahead

Asirvad Micro Finance has paid up capital of Rs 425 million with turnover of Rs 4.37 bn (as at March 2018)

Manappuram Finance gains 6% post Q2 results

The stock was up 6% to Rs 87.40 on the BSE after the company reported 41% Y-o-Y jump in consolidated net profit at Rs 2.24 billion in September quarter.

Manappuram Finance to diversify to cut reliance on gold loan portfolio

Non banking finance company (NBFC) Manappuram Finance is in the process of reducing its reliance on the gold loan portfolio, by expediting growth on other segments. The company said that it is confident that its issue of non convertible debunture to raise a base of Rs 2 billion with options of oversubscription to the tune of Rs 8 billion, will be successful.Commenting on the plans to diversify, V P Nandakumar, MD & CEO of Manappuram Finance Ltd, said that at present the gold loan is 75 per cent of its business, while 15 per cent is Microfinance business, five per cent commercial vehicles and three per cent home finance and a small portion of lending to other NBFCs. He said that the plans are to keep gold loan portfolio at 50 per cent with the rest of the business grown to the remaining 50 per cent of the business over 10 years.The company, with Assets Under Management (AUM) to the tune of Rs 170 billion and the revenue was at around Rs 60 billion at the end of September, 2018. It .

Manappuram Finance to discuss on investment proposals; stock rebounds 7%

The stock moved higher to Rs 121, up 4%, bouncing back 7% from its intra-day low of Rs 113 on the National Stock Exchange.

Manappuram Finance surges 14% after huge block deals

Till 02:46 pm; a combined 76 million shares of Manappuram changed hands on NSE and BSE.

Manappuram Finance gains 6% on strong Q4 results

The company reported 53% year-on-year jump in profit at Rs 201 crore in March quarter.

Barclays Merchant Bank buys stake in Manappuram, Shilpa Medicare

Barclays Merchant Bank (Singapore) bought 31.74 million shares of Manappuram at Rs 97.30 per share.

Manappuram Finance surges over 10% as Q3 profit more than doubles

The stock surged 13% to Rs 105 on the BSE in early morning trade

Manappuram Finance nears record high

Thus far in 2016, the stock appreciated by more than three-fold from Rs 30, as compared to 8.6% rise in Sensex.

Manappuram Finance raises Rs 200 crore via NCDs

The company, which started as a gold loan company, has expanded and ventured into foreign exchange and money transfer

Manappuram Finance to raise Rs 75 cr via NCDs

Manappuram Finance on Saturday said it plans to raise Rs 75 crore through secured redeemable non-convertible debentures.

Manappuram Finance Q1 net jumps twofold to Rs 160 crore

However, shares of the company closed 4.16% down at Rs 87.55 on BSE

Manappuram Finance hits over five-year high on credit rating upgrade

The stock was trading higher by 3% to Rs 74.25, its highest level since January 2011 on the BSE.

Manappuram Finance hits over four-year high; zooms 100% in 2016

In past one-and-half months, the stock rallied 62% after the company reported 87% growth in profit for Q4FY16

Manappuram Finance hits fresh 52-week high on heavy volume

Since May 12, post March quarter results, the stock has rallied 32% as compared to 1.8% decline in the S&P BSE Sensex

Manappuram Finance hits 52-week high on strong Q4 results

The stock surged 20% to Rs 50.25, also its 52-week high on the BSE.

Manappuram Finance looks at inorganic growth to diversify business

Aims to expand business to reduce concentration risk from gold loan book

Manappuram Finance nears 52-week high

In past one-month, post Q3FY16 results, the stock rallied 26% as compared to 8% rise in the S&P BSE Sensex.