Manappuram Finance Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Quarter and Nine Months Ended December 31, 2018
February 06, 2019 at 06:11 am EST
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Manappuram Finance Limited announced unaudited standalone and consolidated earnings results for the quarter and nine months ended December 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 8,976.680 million compared to INR 7,416.840 million a year ago. Profit for the period was INR 2,119.203 million compared to INR 1,690.480 million a year ago. Diluted EPS was INR 2.51 compared to INR 2.01 a year ago. Basic EPS was INR 2.52 compared to INR 2.01 a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 25,274.810 million compared to INR 21,762.830 million a year ago. Profit for the period was INR 5,768.844 million compared to INR 5,227.127 million a year ago. Diluted EPS was INR 6.84 compared to INR 6.20 a year ago. Basic EPS was INR 6.85 compared to INR 6.21 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 10,812.008 million compared to INR 8,719.973 million a year ago. Profit for the period was INR 2,471.566 million compared to INR 1,712.201 million a year ago. Basic and diluted EPS was INR 2.93 compared to INR 2.04 a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 30,314.574 million compared to INR 25,339.943 million a year ago. Profit for the period was INR 6,711.484 million compared to INR 4,958.639 million a year ago. Diluted EPS was INR 7.95 compared to INR 5.88 a year ago. Basic EPS was INR 7.96 compared to INR 5.89 a year ago.
Manappuram Finance Limited is an India-based non-banking financial company (NBFC). The Company provides credit services to people belonging to the lower socio-economic classes, particularly in rural and semi-urban areas of India. Its segments include Gold loan and others, and Micro Finance. The Company offers a range of retail credit products and financial services. The Company has a diversified lending portfolio encompassing retail, microfinance, small and medium-sized enterprises (SME) and commercial customers. Its products include online gold loan, gold loan, business loan, personal loan(secured), doorstep gold loan, forex and money transfer, vehicle loan, digital personal loan, micro home finance, other loans, other services, restaurant finance, loan to food industry and small-scale industries finance. It is engaged in providing microfinance industry (MFI) loans, such as income generating program (IGP) loan; product loan; micro, small and medium enterprises loan, and gold loan.