Net profit of the company excluding subsidiaries is Rs 380.9 crore. Consolidated operating income rose 34.9 percent to Rs 2,026.3 crore. The company’s gold loan portfolio grew by 0.6 percent to Rs 20,603 crore in the first quarter of last year. As of June 30, 2023, the company has 24 lakh active gold loan customers.
Manappuram Finance MD and CEO V. P. Nandakumar said.
Ashirvad Microfinance Limited under Manappuram saw a growth of 44.6 percent in asset value. 10,140.6 crore in assets. 7,012.5 crore in the same quarter last year. Manappuram Home Finance Limited, its home loan subsidiary, also saw an increase in assets. The asset value reached Rs 1,202.6 crore with an increase of 37.5 per cent over the previous year. Assets of the auto-equipment loan segment grew by 59.8 percent to Rs 2,804.9 crore.
44 percent of the company’s consolidated assets come from non-gold loan businesses. Gross non-performing assets are 1.4 percent and net non-performing assets are 1.2 percent. As of June 30, 2023, the company’s consolidated net worth is Rs 10,078.7 crore. The book value of the stock is Rs 119.1 and the capital adequacy ratio is 30.5 percent. With 61 lakh customers, the company’s total debt, including all subsidiaries, stands at Rs 28,533.4 crore.
