scorecardresearchManappuram Finance: Brokerages stay bullish despite a 35% drop in its net profit

Manappuram Finance: Brokerages stay bullish despite a 35% drop in its net profit

Updated: 08 Aug 2022, 03:44 PM IST
TL;DR.
In the June quarter, Manappuram Finance reported mixed results. It reported a 32% year-on-year drop in net profit at 282.1 crore for the first quarter of the fiscal year, compared to 436.5 crore in the previous fiscal.
The NBFC’s consolidated assets under management (AUM) for Q1 stood at  <span class='webrupee'>₹</span>30,759.52 crore, registering an increase of 24.25% over the corresponding quarter of FY22 and up by 1.65% QoQ.

The NBFC’s consolidated assets under management (AUM) for Q1 stood at 30,759.52 crore, registering an increase of 24.25% over the corresponding quarter of FY22 and up by 1.65% QoQ.