The consolidated net profit of Manappuram Finance Ltd in Q4 of FY19 has recorded 43 per cent growth at Rs 255.59 crore against Rs 179.05 crore in the corresponding period of the previous fiscal.
The company reported a full year consolidated PAT of Rs 919.87crore, an increase of 36 per cent over the previous year. The operating income stood at Rs 4,116 crore, up by 20.33 per cent over the previous year’s figure of Rs 3,421 crore.
The board has approved payment of interim dividend of Rs 0.55 per share of face value of Rs 2. Accordingly, the dividend for the year amounts to Rs 2.20 per share.
VP Nandakumar, MD & CEO, said, “Overall, this has been a very good year for us. We were able to end the year on a positive note with strong Q4 numbers. Moreover, our new businesses have started to deliver on their potential, not only growing faster, but also contributing meaningfully to profitability. We are now confident we will be able to carry the momentum into the next fiscal.”
The company’s AUM stood at Rs 19,438 crore, registering a growth of 23.30 per cent compared to Rs 15,765 crore in the previous year. The growth was led by gold loans, which grew by 10.45 per cent, to reach Rs 12,961.5 crore. This was enabled by the growth in gold holdings, which went up from 64 tonnes to stand at 67.5 tonnes, an increase of 5.5 per cent over the year.
Aggregate gold loan disbursements during the year went up to Rs 89,649 crore from Rs 62,155 crore in the previous year. As of March 31, the number of live gold loan customers stood at 24 lakh.
The contribution of non-gold businesses to overall business rose from 25.5 per cent last year to 33.3 per cent. The growth was led by its microfinance subsidiary, Asirvad Microfinance Pvt Ltd, which ended the year with an AUM of Rs 3,841 crore, registering a growth of 57.6 per cent compared to Rs 2,437 crore reported in the previous fiscal.