In an interview with CNBC-TV18’s Sonia Shenoy and Anuj Singhal, VP Nandakumar, CMD, Manappuram Finance, discussed the company’s earnings performance for the quarter gone by.
Manappuram posted a net profit of Rs 80.63 crore for the quarter ended December 31, 2014 as compared to Rs 71.59 crore for the quarter ended December 31, 2013. Total Income decreased from Rs 535.05 crore for the quarter ended December 31, 2013 to Rs 516.43 crore for the quarter ended December 31, 2014.
Below is the transcript of VP Nandakumar's interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal.
Sonia: If you can just take us through other details of your numbers, what have the provisions been this time around, how has the asset quality looked?
A: Asset quality has improved. Our gross NPA and net NPA both have come down. Our loan-to-value (LTV) also has come down. LTV is now hovering around 68 percent average.
Anuj: Last quarter was a bit of a one-off for you but from now on, at what number do you expect the gross NPAs to settle?
A: Next quarter also we are hopeful of performing in the same way. So, we hope it will be good.
Sonia: Can you tell us what the exact disbursements were in this quarter and what is the target for the upcoming quarters?
A: This year, we have grown by almost 10 percent. The disbursal was around Rs 27,000 crore. So, disbursals have improved and also the AUM has grown almost 10 percent. So, this also has helped us in improving our performance.
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