Expect to grow AUM by Rs 1000cr in Q4: Manappuram Finance

VP Nandakumar, chairman and managing director of Manappuram Finance & Leasing in an interview to CNBC-TV18 said, the company aims to grow its assets under management (AUMs) by another Rs 1,000 crore in Q4.

Its AUM currently stands at Rs 12,358 crore. "It may reach around 13,500 crore in Q4, Nandakumar said. The company's AUM grew by 90% and PAT rose by 117% in the third quarter. "Compared to Q3 last year our income has grown by 120% to Rs 7 crore 26 lakh, income from operation Rs 726 crore, profit before tax is Rs 239 crore and profit after tax is Rs 151 crore, he added. The company is hopeful maintaining its margins at 12% ahead. Below is the edited transcript of Nandakumar's interview with CNBC-TV18. Also watch the accompanying video. Q: Can you tell us what you have done by way of profits and revenues? A: Our assets under management have grown 90% and profit after tax has grown by 117%. Q: What is that profit number? A: Compared to Q3 last year our income has grown by 120% to Rs 7 crore 26 lakh, income from operation Rs 726 crore, profit before tax is Rs 239 crore and profit after tax is Rs 151 crore. Our asset under management has grown by 90% from 6,500 to 12,358 crore, so that