Gold loan financing company Manappuram Finance has reported a better than expected growth of 83.3% year-on-year in its net profit of Rs 187 crore for the fourth quarter of financial year 2011-12.
Analysts on average had expected net profit at Rs 165 crore for the quarter.
Revenues too jumped 90.60% to Rs 791 crore in the quarter ended March 2012 versus Rs 415 crore in a year ago period.
On Friday, the stock closed at Rs 23.50, down 3.89%.
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