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Last Updated : Nov 06, 2019 08:44 PM IST | Source: PTI

Manappuram Finance Q2 net jumps 82% at Rs 408 crore

The company's profit in the year-ago period stood at Rs 223.99 crore.

 
 
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Manappuram Finance on Wednesday reported 82 percent jump in net profit at Rs 407.65 crore for the quarter ended September 30, 2019. The company's profit in the year-ago period stood at Rs 223.99 crore.

Total income rose to Rs 1,334.09 crore during the quarter under review from Rs 1,027.51 crore in the same period of 2018-19, Manappuram Finance said in a regulatory filing.

The company's board approved raising up to USD 750 million (around Rs 5,322.75 crore) or less in one or more tranches through a medium term note programme.

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It also declared an interim dividend of 55 paise per equity share.

Manappuram Finance stock closed at Rs 167.55 on BSE, down 0.33 percent from the previous close.

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First Published on Nov 6, 2019 07:23 pm
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