Manappuram Finance reports 44% fall in Q4 consolidated net profit
19th May 2022

Manappuram Finance has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a fall of 42.07% in its net profit at Rs 265.27 crore for the quarter under review as compared to Rs 457.95 crore for the same quarter in the previous year. Total income of the company decreased by 19.38% at Rs 1063.17 crore for Q4FY22 as compared Rs 1318.74 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 44.28% in its net profit at Rs 260.95 crore for the quarter under review as compared to Rs 468.35 crore for the same quarter in the previous year. Total income of the company decreased by 8.52% at Rs 1491.31 crore for Q4FY22 as compared Rs 1630.25 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported fall of 23.17% in its net profit at Rs 1304.54 crore as compared to Rs 1697.91 crore for the previous year. Total income of the company decreased by 11.68% at Rs 4587.00 crore for year under review as compared to Rs 5193.50 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported 22.97% fall in its net profit at Rs 1328.70 crore as compared to Rs 1724.95 crore for the previous year. Total income of the company decreased by 3.90% at Rs 6126.32 crore for year under review as compared to Rs 6374.63  crore for year ended March 31, 2021.