From Financialexpress · FE Bureau · · 50s
Manappuram Finance Q2 Profit Surges
Manappuram Finance's Q2 profit jumps three-fold to ₹701.25 crore, driven by gold loans and AUM growth.
In brief
Manappuram Finance's Q2 profit jumps three-fold to ₹701.25 crore, driven by gold loans and AUM growth. Manappuram Finance reported a nearly three-fold increase in Q2 FY27 net profit to ₹701.25 crore, with 60% AUM growth. Originally reported by Financialexpress.
Q2 Profit Jump
Manappuram Finance reported a nearly three-fold jump in Q2 FY27 net profit to ₹701.25 crore.
Profit Drivers
Higher interest income, lower loan loss provisions, and 60% AUM growth to ₹73,303 crore drove the jump.
Gold Loan Focus
Gold loan AUM rose 92.5% to ₹60,640 crore, while non-gold businesses accounted for 17.27% of AUM.
Chairman Statement
VP Nandakumar said Q2 results set a strong tone for coming quarters with strong profitability and AUM growth.
In short
Manappuram Finance reported a nearly three-fold increase in Q2 FY27 net profit to ₹701.25 crore, with 60% AUM growth.
