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.
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.
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.
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.
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.
Net Interest Income is expected to increase by 0.7 percent Q-o-Q (up 57.5 percent Y-o-Y) to Rs 481.8 crore, according to KR Choksey.
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
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).
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.
V.P. Nandakumar, the Managing Director and CEO of Manappuram Finance Ltd discusses the company earnings and future outlook.
Digant Haria, assistant vice president â€“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.
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.
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.
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
Disappointment was shown by many on Infosys' fourth quarter results. It reported 6-10 percent top-line growth guidance for FY14, which was lower than what the street had forecast. Rahul Bhasin, Baring Private Equity Partners said that it will be unrealistic to expect the historical growth.
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.
Emkay Global Financial Services has come with its September quarterly earning estimates for Banking and Financial Services sector. According to the research firm, top picks for the quarterly results - HDFC Bank, ICICI Bank and United bank in banking space. Mahindra Finance and CRISIL are our top picks in NBFC space.
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.
Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.
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.
Manappuram Finance is expected to report a massive growth of 62% year-on-year in its profit after tax of Rs 165 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
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.
Manappuram Finance, a non-banking financing company, is likely to report a profit after tax of Rs 148 crore in the third quarter of FY12, a massive growth of 99% as compared to Rs 74.5 crore in a year ago quarter.
VP Nandakumar, CMD of Manappuram General Finance & LeasingIn an interview with CNBC-TV18’s Sonia Shenoy, spoke about the results and his outlook for the company.