Manappuram Finance posts surprise Q2 net profit growth on gold loan boost
Tue, Nov 5, 2024 5:53 PM

Manappuram Finance posts surprise Q2 net profit growth on gold loan boost

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Manappuram Finance reported an unexpected growth in second-quarter profit on November 5, as strong performance in its mainstay gold loan segment offset higher provisions. The gold loan financier's consolidated net profit rose 2% from last year to Rs 571 crore for the three months ended September 30.Analysts were expecting a profit of Rs 531 crore as per data compiled by LSEG, a decline of 4.8%.

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