Business
Shares of Manappuram Finance today surged 6.5 per cent after the company reported a 54 per cent increase in net profit for the March quarter.
Updated : May 26, 2017, 11:09 AM IST
Shares of Manappuram Finance
today surged 6.5 per cent after the company reported a 54 per
cent increase in net profit for the March quarter.
The stock soared 6.42 per cent to Rs 94.45 on BSE.
At NSE, shares of the company jumped 6.53 per cent to Rs
94.55.
Manappuram Finance, a gold loan NBFC, yesterday reported
a 54 per cent increase in net profit at Rs 200.57 crore for
the fourth quarter ended March 2017.
The company had earned a net profit of Rs 130.70 crore in
the same period a year ago.
Total income of the company rose to Rs 905.50 crore in
the last quarter of 2016-17, from Rs 655.48 crore in the
same quarter of previous fiscal, Manappuram Finance said in a
statement.
The company declared fourth interim dividend of Rs 0.50
per equity share of Rs 2 each for 2016-17.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)