Microfinance

Manappuram General Finance Q1 PAT up 225% at Rs 46 crore

Manappuram General Finance & Leasing Ltd has announced the financial results for the quarter ended on June 30, 2010.

The Net Sales of the company were Rs.186.06 crores for the quarter ending on June 30, 2010 against Rs.67.13 crores for the quarter ending on 30 June 2009.The Net Profit was at Rs.46.15 crores for the quarter ending on June 30, 2010 against Rs.14.21 crores for the quarter ending on 30 June 2009.

The company has also reported an Earnings Per Share(EPS) of Rs.6.78 for the quarter ending on June 30, 2010 against and EPS of Rs.4.10 reported for the quarter ending on 30 June 2009. The company’s total Assets Under Management (AUM) stood at Rs 3,377 crore with gold loan assets under management at Rs 3,310 crore for the quarter, against Rs 1,120 crore in the year-ago period.manappuram finance results
The company’s operating income grew by 177 per cent at Rs 186 crore against Rs 67.13 crore in the corresponding period last fiscal.The company has also made a provision of over Rs 23 crore towards Income Tax during the quarter.

The figures for the current quarter cannot be compared with that of the previous quarter, in view of the merger of Manappuram Finance Tamil Nadu (MAFIT) with Manappuram General Finance & Leasing Ltd

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