Manappuram Finance glitters on swelling bottom line
DSIJ Intelligence / 09 Feb 2017
Manappuram Finance has declared its Q3FY17 results on Wednesday. The company’s revenue increased 46.14 per cent to Rs 901 crore in Q3FY17 as compared to same period in previous financial year.
Manappuram Finance has declared its Q3FY17 results on Wednesday. The company’s revenue increased 46.14 per cent to Rs 901 crore in Q3FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 59.55 per cent to Rs 643 crore in Q3FY17 on a yearly basis. Manappuram Finance’s net profit has boosted more than two folds to Rs 203 crore in Q3FY17 as compared to same period in previous fiscal year.
On nine-month financial front, Manappuram Finance’s top line increased 45.74 per cent to Rs 24889 crore in 9MFY17 on a yearly basis. The company’s EBITDA too has risen by 61.79 per cent to Rs 1770 crore in 9MFY17 as compared to same period in previous financial year. Its bottom line has boosted almost two and half times to Rs 555 crore in 9MFY17 on a yearly basis.
The stock price of Manappuram Finance increased 11.08 per cent on bourses, and is trading at Rs 103.25 on an intraday basis. The stock has given 43 per cent returns to its shareholders in last one month.
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