Manappuram Finance's profitability glitters in Q4FY16

Manappuram Finance has declared its quarterly results on Thursday. The company’s total income from operations has increased by 5.89 per cent to Rs 653 crore in Q4FY16 as compared to previous quarter. Its EBITDA also has risen by 11.96 per cent to Rs 450 crore in Q4FY16 on a quarterly basis. Manappuram Finance’s Net Profit also has increased by 30.25 per cent to Rs 131 crore in Q4FY16 as compared to previous quarter. The company’s Net Profit margin has expanded by 632 basis points to 20.03 per cent in Q4FY16 on a quarterly basis.

On the yearly front, Manappuram Finance’s top line has increased by 18.82 per cent to Rs 2360 crore in FY16 on a yearly basis. The company’s EBITDA too has risen by 15.12 per cent to Rs 1541 crore in FY16 as compared to previous fiscal year. Its bottom line also has increased by 30.24 per cent to Rs 353 crore in FY16 on a yearly basis. Manappuram Finance’s Net Profit margin has expanded by 131 basis points to 14.97 per cent in FY16 as compared to previous financial year.

The share price of Manappuram Finance has increased by 19.93 per cent on bourses in early trades; and is trading at Rs 49.1 on an intraday basis.

Manappuram Finance is a Non-Banking Financial Company (NBFC). The company provides a range of fund based and fee based services including gold loans, money exchange facilities, and others. It is also engaged in the housing finance. Manappuram Finance provides customers with credit, primarily against their used gold jewellery. It operates through 3,293 branches spread across the country.