BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Manappuram Finance Ltd.'s consolidated profit after tax grew 18% YoY to Rs 4.7 billion (5% miss) in Q4 FY21.
While operating profit was largely in line, higher provisions (from the micro finance institution segment) led to the profit after tax miss.
Gold prices in Q4 FY21 were down 12% QoQ. Two other factors led to the decline in the loan book:
- auction of Rs 4 billion worth of gold loans, and
- 4% decline in tonnage to 65 million tonne.
However, these were offset by an increase in loan-to- to 71% from 63%.
All the other segments delivered sequential loan book growth – the most prominent being the MFI segment with 11% growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR