Manappuram Finance shares tumbles 13 percent, hits 52-week low
Published On: Tuesday, February 15, 2022 | By: Team KnowMyStock
Shares of Manappuram Finance hit a 52-week low of Rs 123.85 after they slipped 13 percent on the BSE in Tuesday's intra-day trade after the financier reported a 46 percent year-on-year (YoY) drop in consolidated net profit at Rs 261 crore in the December quarter (Q3FY22), due to weak operational performance. The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago. Net interest income (NII) fell 12 percent YoY to Rs 915 crore driven by a sharp compression in spreads. Total income during the October-December period of 2021-22 was down at Rs 1,506.85 crore, as against Rs 1,650 crore in same Technical data of the NBFC stock shows that Manappuram Finance has given a 22% negative return In six months and declined further to 27% in the last year as of February 15. In Q3FY22, profit before tax (PBT) of gold loan and other segments declined 44 percent YoY at Rs 347 crore,
while PBT of microfinance (MFI) business dipped sharply to Rs 0.78 crore from Rs 32.18 crore in Q3FY21.Total expenses during Q3FY22 rose to Rs 1,158.67 crore, as against Rs 992.75 crore in year-ago period.
The company has declared an interim dividend of 0.75Paise (Rupees Seventy- Five Paise Only) per equity share of face value Rs.2 and February 25, 2022, as a record date.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
