Manappuram Finance tumbles 10% on poor Q3 results

Manappuram Finance fell over 10% after it posted dismal December quarterly numbers. Manappuram Finance Q3 net profit was down at Rs 84.4 crore versus Rs 161.4 crore, year-on-year, YoY. Its net interest income (NII) was down at Rs 277.14 crore versus Rs 424 crore, YoY.

At 10:30 hrs Manappuram Finance was quoting at Rs 38.20, down Rs 4.45, or 10.43%. It has touched an intraday high of Rs 40.55 and an intraday low of Rs 37.

It was trading with volumes of 2,156,362 shares, compared to its five day average of 1,009,552 shares, an increase of 113.60%.

In the previous trading session, the share closed up 1.19% or Rs 0.50 at Rs 42.65.

The share touched its 52-week high Rs 59.30 and 52-week low Rs 18.60 on 06 February, 2012 and 10 May, 2012, respectively.Currently, it is trading 35.58% below its 52-week high and 105.38% above its 52-week low.