Manappuram Finance is expecting to maintain profitability in the gold loan business amid the coronavirus (Covid-19) pandemic, though vehicle finance, small business and housing finance verticals may be impacted. The pandemic's impact on the company's business will largely depend on how quickly the Indian economy recovers, and the working cycle in the rural and unorganised sector is restored. The company has a capital adequacy ratio (CAR) of 21.74 percent as on March 31, 2020 and may be able to withstand the impacts of the pandemic.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.
