Gold mortgage financiers have gotten a thumbs up from inventory market buyers
The inventory market has reacted positively to the July-September quarter (Q2) outcomes of the gold-focused NBFCs, Muthoot Finance, and Manappuram Finance with each shares really helpful and gaining post-results.
Manappuram declared consolidated belongings underneath administration (AUM) progress of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net curiosity earnings (NII) noticed a margin enlargement of 24 foundation factors (bps) Q-o-Q to fifteen.44 per cent.
NII stood at Rs 1,467 crore (up 6.5 per cent Q-o-Q and up 25.6 per cent Y-o-Y).
First Published: Nov 16 2023 | 9:31 PM IST