Manappuram Finance Q1FY24 Results: Consolidated PAT Rises to Rs. 495.89 Cr

Manappuram Finance Q1FY24 Results: Consolidated PAT Rises to Rs. 495.89 Cr

Manappuram Finance Q1 results show revenue up from 1,798.59 crores to 2,057.17 crores, a 14.38% increase in growth. EPS rise from ₹4.91 to ₹5.88, up by 19.76%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Manappuram Finance shared its Q1 results on Thursday. They earned 2,057.17 crores in revenue this quarter, but that’s more than the 1,798.59 crores they made last quarter. The company’s growth increased by 14.38 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 495.89 crores, up from 413.37 crores in the previous quarter. Their quarter-to-quarter growth increased by 19.96 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹5.88, which is an increase of 19.76% from the ₹4.91 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2,057.17 crores this year (2023), which is 36.90 percent higher than last year’s total revenue of 1,502.73 crores.

This year’s PAT (Profit After Tax) is 495.89 crores, which is also 75.80% higher than last year’s PAT of 282.08 crores.

The EPS (Earnings Per Share) for this year is ₹5.88, which is 76.58% more than the EPS of ₹3.33 earned last year.

Also Read: Grasim Q1FY24 Results: Consolidated PAT of Rs. 1,576.47 Cr

Manappuram Finance Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Manappuram Finance:

Manappuram Finance Ltd. operates as a non-banking financial company that provides a range of services. These services encompass loans backed by gold collateral, business loans, vehicle loans, foreign exchange and money transfer services. Additionally, the company is involved in the sale of gold coins.

Download the Full PDF of Manappuram Finance Q1 Results: Click Here

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