1. Manappuram Finance shares hit upper circuit post Q4 results

Manappuram Finance shares hit upper circuit post Q4 results

Manappuram Finance shares hit upper circuit on Friday after the company reported a rise of 79.16 per cent in its net profit at Rs 124.84 crore for the quarter ended March 31, 2016

By: | New Delhi | Updated: May 13, 2016 3:17 PM
manappuram finance shares q4 results Manappuram Finance shares hit upper circuit on Friday after the company reported a rise of 79.16 per cent in its net profit at Rs 124.84 crore for the quarter ended March 31, 2016 (Express photo)

Manappuram Finance shares hit upper circuit on Friday after the company reported a rise of 79.16 per cent in its net profit at Rs 124.84 crore for the quarter ended March 31, 2016 as compared to Rs 69.68 crore for the same quarter in the previous year.

The share price of the company soared 19.93 per cent to Rs 50.25. The scrip opened the day at Rs 45 and touched a high and low of Rs 50.25 and Rs 45, respectively, in trade.

Total income of the company increased by 20.68 per cent at Rs 605.17 crore for quarter under review as compared to Rs 501.46 crore for the quarter ended March 31, 2015.

On consolidated basis, Manappuram Finance posted a rise of 86.63 per cent in its net profit at Rs 130.70 crore for the quarter ended March 31, 2016 as compared to Rs 70.03 crore for the corresponding quarter last year. Total income of the company increased by 27.73 per cent at Rs 655.54 crore for quarter under review as compared to Rs 513.24 crore for the same quarter ended previous year.

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