Kerala-based Manappuram Finance on Friday reported a 20.62% Y-o-Y rise in standalone net profit for the third quarter to Rs 97.26 crore. Total income increased to Rs 575.98 crores, while net interest income stood at Rs 357.57 crore, up 23.53% year-on-year.
Consolidated net profit of the group for the third quarter stood at Rs 100.34 crore, an increase of 59.2% over Rs 63.03 crore reported in the second quarter of the current fiscal year. Consolidated assets under management (AUMs) grew 3.5% to Rs 10,579 crore, compared with Rs 10,220 crore in Q2. The performance represented a growth of 20% when compared to consolidated AUMs of Rs 8,824 recorded in the year-ago period.