Published On: Thu, Feb 7th, 2019

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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MANAPPURAM’S Q3 NET PROFIT JUMPS 42 PERCENT TO RS. 244.11 CRORE