MANAPPURAM’S Q3 NET PROFIT JUMPS 42 PERCENT TO RS. 244.11 CRORE
The company’s Gold loan AUM went up by 10.57 percent to Rs.12,524.91 crore, from Rs.11,327.08 crore in the year ago quarter. Gold holdings have increased to 66.3 tonnes from 62.34 tonnes last year, a growth of 6.4 percent. The number of live gold loan customers stood at 23.80 lakhs as of December 31, 2018.
In keeping with recent trends, average borrowing cost went up by 48 bps during the quarter, to 9.37 percent. The company’s consolidated net worth stood at Rs 4,341.52 crore as of December 31, 2018. The book value per share stood at Rs. 51.51 and its capital adequacy ratio was at 26.36 percent.
Results at a glance
Consolidated Rs. in Crore
| Particulars | Q3 FY 2019 (IND AS) | Q3 FY 2018 (IND AS) | % Growth YoY |
| Income from operations | 1081.20 | 872.00 | 23.99% |
| Profit before tax | 387.84 | 265.36 | 46.16% |
| Profit after tax (After minority interest) | 244.11 | 171.73 | 42.15% |
| AUM | 17783.06 | 14650.16 | 21.38% |
| Net Worth | 4341.52 | 3698.91 | 17.37% |
| Return on Assets (%) | 5.15% | 4.50% | |
| Return on Equity (%) | 23.02% | 19.06% | |
| No. of branches | 4314 | 4183 | |
| Total No. of Employees | 25202 | 24761 |
Stand alone Rs. in Crore
| Particulars | Q3 FY 2019 (IND AS) | Q3 FY 2018 (IND AS) | % Growth YoY |
| AUM | 14,207.33 | 12,196.29 | 16.49% |
| Gold loan AUM | 12,524.91 | 11,327.08 | 10.57% |
| Gold Holding (Tonnes) | 66.32 | 62.34 | 6.38% |
| Total Live gold loan customers (in mn) | 2.38 | 2.22 | 7.39% |
| Comm. Vehicle Loans AUM | 975.54 | 499.81 | 95.18% |
| Gold loans disbursed | 21,028.53 | 16,164.00 | 30.09% |
| Capital Adequacy Ratio | 26.36% | 27.88% | |
| Cost of Fund | 9.37% | 8.56% | |
| Gross NPA (%) | 0.58% | 0.69% | |
| Net NPA (%) | 0.32% | 0.42% | |
| Number of Branches | 3349 | 3318 | |
| Subsidiaries | |||
| Microfinance – AUM | 3195.16 | 2111.65 | 51.31% |
| Home Loans – AUM | 478.00 | 342.22 | 39.68% |
About Manappuram Finance Ltd.
Manappuram Finance Ltd. is one of India’s leading gold loans NBFCs engaged in providing finance against used household gold ornaments. Incorporated in 1992, the company has been promoted by Mr. V.P. Nandakumar (current MD & CEO) whose family has been involved in gold loans since 1949. It is headquartered at Valapad in the Thrissur District of Kerala. The company went public in August 1995 and its shares are listed on the BSE and NSE stock exchanges.
As of December 31, 2018, the Company had 4314 branches across 24 states and 4 UTs with Assets under management (AUM) of Rs 17,783.06 crore. The company’s net worth stood at Rs. 4,341.52 crore.
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