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Manappuram Finance posts ₹585 crore profit in June quarter
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Manappuram Finance Ltd has reported a 341.40 per cent year-on-year (YoY) growth in its consolidated net profit after tax to ₹585 crore.
In the year-ago quarter, net profit stood at ₹132 crore.
Net Interest Income stood at ₹1,759 crore in Q1 FY27, registering 25 per cent YoY growth compared with ₹1,407 crore in Q1 FY26.
VP Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said: “Volatility in gold prices was a serious concern that affected overall business sentiment.
However, Manappuram Finance delivered remarkable growth during the quarter under consideration, driven by operational efficiency, cost reduction, digitalisation and expansion into newer markets.