'Manappuram Finance conducted a conference call on 18 May 2022 to discuss its financial results for the quarter ended March 2022. VP Nandkumar, MD&CEO of the company addressed the call:
Highlights:
The performance of the company was impacted by the weak demand as the recovery in unorganized segment is uneven and the segment is still not out of woods.
The sequential decline in gold and microfinance loan book impacted the consolidated AUM of the company. However, the company has posted good growth in home and vehicle finance books.
AUM grew 11% yoy and declined 0.5% to Rs 30260.82 crore end March 2022 from Rs 27224.22 crore end March 2021.
The net interest margins of the company were impacted due to competition.
Gold loans AUM grew by 6% yoy, but declined 1.4% qoq to Rs 19867.35 crore.
Aggregate gold loan disbursements during the quarter grew by 22% to Rs 29430 crore from Rs 24,042 crore in Q3 FY2022.
In the gold loan segment, about 33% of AUM i...
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