Manappuram Finance

CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts

In the past one week, the stock has rallied 6 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

It makes sense to go for bank gold loans if customers are borrowing larger ticket sizes, like Rs 10 or Rs 15 lakh, and for a longer period

Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

Manappuram holds about 98 per cent stake in Micro finance subsidiary

Manappuram Finance on Saturday reported a 10.7 per cent rise in consolidated net profit at Rs 409.48 crore for the quarter ended September 30, 2022. The non-banking finance company, which is mainly into gold loans, had posted a net profit of Rs 369.88 crore in the year-ago quarter. Sequentially, profit grew by 45 per cent from the June 2022 quarter. The company's consolidated assets under management (AUM) grew by 7.89 per cent to Rs 30,664.96 crore from Rs 28,421.63 crore a year ago, Manappuram Finance said in a release. The board of directors has approved payment of interim dividend of Rs 0.75 per share with face value of Rs 2 each, it added. The company's MD and CEO V P Nandakumar said, "We have posted a sequential increase in profit of 45 per cent. It is in line with our commitment to maintain operational efficiency even as we target growth." The gold loan portfolio of the South-based company was at Rs 19,190 crore, while the number of gold loan customers reached 24.1 lakh in

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The financial condition of Shriram Transport Finance, Muthoot Finance, Manappuram Finance and IIFL Finance is satisfactory, says agency

Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.

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Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal

Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.

Despite the management's optimism on demand outlook, there are challenges considering the signs of rural slowdown as evident from recent corporate results in many sectors

Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.

The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007, the regulator said in a release

Analysts have cut earnings growth forecast but see the stocks giving up to 34.4 per cent (Muthoot) and 58.7 per cent (Manappuram) returns on attractive valuation

The company reported 46 per cent year-on-year drop in its consolidated net profit at Rs 261 crore in December quarter (Q3FY22)

Shift to low-yield gold loans; aggressive advertising spends make dent