Moneycontrol PRO
UPCOMING EVENT:Learn how to add equities to your portfolio through ETFs. Don’t miss the webinar on Oct 19, 11.30am. Register Now!

Target 20% YoY growth; open for inorganic opportunities: Manappuram Finance

Manapurram Finance reported Q2 earnings that were below estimates. Assets under management (AUM) growth has declined for the first time in 12 quarters. In an interview to CNBC-TV18, Kapil Krishan, CFO of Manappuram Finance spoke about FY18 loan targets and consolidation in the non-banking financial companies (NBFCs) sector.

November 09, 2017 / 03:09 PM IST

Manapurram Finance reported Q2 earnings that were below estimates. Assets under management (AUM) growth has declined for the first time in 12 quarters.

In an interview to CNBC-TV18, Kapil Krishan, CFO of Manappuram Finance spoke about FY18 loan targets and consolidation in the non-banking financial companies (NBFCs) sector.

We are targeting 20 percent year-on-year (YoY) growth and we are on track for that, he said.

Demonetisation was an unexpected one-off event and despite that we expect that YoY, we will maintain our growth rates that we have projected on a consolidated basis, he added.

We are always on a lookout for inorganic opportunities. As and when the board sees the right fit, we are definitely open for inorganic acquisitions, said Krishnan.

Close
For more, watch accompanying video...
CNBC-TV18
first published: Nov 9, 2017 03:08 pm
Sections
ISO 27001 - BSI Assurance Mark