''Manappuram Finance conducted a conference call on 05 November 2024 to discuss the financial results for the quarter ended September 2024. VP Nandkumar, MD&CEO of the company addressed the call:
Highlights:
The company has demonstrated resilience and adaptability. Net profit of the company stood at Rs 572 crore in Q2FY2025.
The consolidated Assets under Management (AUM) of the company increased 17.4% yoy and 1.7% qoq to Rs 45716 crore end September 2024.
On a consolidated basis, Return on Equity (ROE) was at 18.6% and Return on Assets (ROA) at 4.4% in Q2FY2025.
Standalone Gross Non-Performing Assets (GNPA) ratio rose to 2.42% end September 2024 from 1.96% end June 2024.
Cash and cash equivalents were at Rs 4939 crore end September 2024. The company also has undrawn bank lines of Rs 3432 crore.
CP exposure is 2.2% and the standalone borrowing cost has gone up by 8 bps in Q2FY2025.
The gold Loan AUM increased 17.1% yoy a...
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