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The Manappuram Finance board has approved their business plan for FY19. In an interview to CNBC-TV18, VP Nandakumar, MD & CEO of Manappuram General Finance spoke at length about the plan and gave his outlook for the future.
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Expect a 5-8 percent gold loan book growth in second half of FY18, said VP Nandakumar, MD & CEO, Manappuram General Finance
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Manappuram Finance is in the news after the promoter picked up over 10 lakh shares from the open market taking their stake to 28.34 percent. In an interview to CNBC-TV18, VP Nandakumar, MD & CEO of Manappuram General Finance spoke at length about the same and also about stake sale.
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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.
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Manappuram Finance has posted a weak set of earnings in Q1FY18. The assets under management (AUM) growth has been quite weak and the asset quality has deteriorated. In an interview to CNBC-TV18, Kapil Krishan, CFO, Manappuram Finance spoke about the results and his outlook for the company.
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Manappuram Finance's microfinance institution (MFI) business reported a loss in Q4. In an interview to CNBC-TV18, Kapil Krishan, CFO of Manappuram Finance spoke about the results and his outlook for the company.
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Manappuram Finance surged 13% in early morning trade after the company recorded an over two-fold jump in its consolidated net profit in the third quarter.
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In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
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In an interview to CNBC-TV18‘s Sumaira Abidi and Mangalam Maloo, Kapil Krishan, CFO at Manappuram Finance spoke about their Q2 results and also the impact of demonetisation of the high currency notes.
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The company's microfinance book stands at Rs 1,000 crore in March 2016, which will atleast grow by Rs 250 crore every quarter, says Kapil Krishnan, CFO, Manappuram Finance
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In addition to Bharat Financial's Non-executive Chairman, Digant Haria of Antique Broking also spoke and he said the size of the company will matter when an NBFC wants to become a bank.
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The company, is confident of seeing reasonable growth of 20-25 percent in FY17 both in assets under management (AUM) and net profits, said VP Nandakumar, Chairman and Managing Director, Manappuram Finance.
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Kapil Krishan, CFO of Manappuram Finance, says the company's cost of funds came down 50 basis points sequentially which aided to its net-interest margins (NIMS).
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In an interview of CNBC-TV18, Kapil Krishan, CFO of Manappuram Finance spoke about company's loan book and the outlook going ahead.
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The cost of funds was down 35 basis points sequentially in the quarter and 99 basis points year-on-year, said Kapil Krishan CFO, Manappuram Finance.
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V.P. Nandakumar, the Managing Director and CEO of Manappuram Finance Ltd discusses the company earnings and future outlook.
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Digant Haria, assistant vice president –Research, Antique Broking says the company is poised for better growth and has a price target of Rs 46 which is at a 35-40 percent upside from the current market levels.
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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.
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The company's July-September quarter net profit increased by 9 percent at Rs 76.4 crore versus Rs 69.7 crore, in the year ago period.
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Shares in leading loan-against-gold lenders such as Muthoot Finance and Manappuram Finance vaulted in early trade Thursday after the Reserve Bank of India (RBI) raised the loan-to-value (LTV) for non-banking financial companies (NBFCs) to 75 percent from 60 percent.
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NPL asset is at around 1.56 percent. This was around 1.10 percent as of March. The company expects to maintain net interest income (NII) at around Rs 287 crore because it plans to consolidate this year
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VP Nandakumar, CMD, Manappuram General Finance explains on CNBC-TV18 that the cost of funds which is currently at 13 percent, will come down as banks reduce rates further. He expects yields to improve going forward and has a visibility of raising additional funding of Rs 1,000 crore.
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I Unnikrishnan, ED, Manappuram Gen Fin, says that the business in improving for the company and he expect assets under management (AUM) to grow around 10 percent from September levels for the next six months.
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I Unnikrishnan, ED, Manappuram General said that the company‘s loan book de-grew by nearly Rs 600 crore in the last quarter on the back of new loan-to-value norms.
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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.
