Manappuram Finance reports over 2-fold jump in Q1 consolidated net profit

Manappuram Finance has reported results for first quarter ended June 30, 2016.

The company has reported over 2-fold jump in its net profit after tax at Rs 149.24 crore for the quarter ended June 30, 2016 as compared to Rs 55.92 crore for the same quarter in the previous year. Total income of the company increased by 30.88% at Rs 675.36 crore for quarter under review as compared to Rs 516 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 160.33 crore for the quarter ended June 30, 2016 as compared to Rs 59.30 crore for the same quarter in the previous year. However, total Income of the company increased by 38.79% to Rs 750.80 crore for quarter under review from Rs 540.95 crore for the quarter ended June 30, 2015.