'Manappuram Finance conducted a conference call on 15 November 2021 to discuss its financial results for the quarter ended September 2021. VP Nandkumar, MD&CEO of the company addressed the call:
Highlights:
The consolidated net profit of Rs 369.88 crore for Q2FY2022, down by 8.8% compared to Rs 405.44 crore in Q2FY2021.
The consolidated assets under management (AUM) grew by 5.7% to Rs 28421.63 crore from Rs 26902.73 crore a year ago, and by 14.8% from Rs 24755.99 crore a quarter ago.
The company has recorded robust growth during the quarter in business volumes across segments such as gold loans, microfinance, home and vehicle loans portfolio.
It reflects the emerging recovery in the rural and unorganized sectors of the economy and going forward the company expects to sustain the growth along with improved profitability.
The gold loan portfolio increased 13.2% qoq to Rs 18719.53 crore.
The number of live gold loan customers increased to 25.1 lakh en...
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