Shares of Manappuram Finance on Tuesday declined 10 per cent to hit decrease circuit of Rs. 128.70 as gold loan-focused non-banker’s consolidated internet revenue dropped by 46 per cent yr on yr (YoY) to Rs 261 crore in Q3FY22.
This NBFC inventory additional fell because the shares commerce on a brand new 52-week low worth of Rs 122 per share in Tuesday’s intraday commerce on the BSE.
At 12PM, Shares of the NBFC firm was buying and selling decrease by Rs 14.25 or 9.97% to Rs 128.75 on the BSE
Technical knowledge of the NBFC inventory exhibits that Manappuram Finance has given 22% damaging return In six month and declined additional to 27% within the final one yr as on February 15
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In the meantime, the board of administrators of Manappuram Finance additionally fastened the report date for interim dividend introduced by the compamy.
The corporate has declared an interim dividend of 0.75Paise (Rupees Seventy- 5 Paise Solely) per fairness share of face worth Rs.2. “The corporate has fastened February 25, 2022 as a report date to establish the entitlement of interim dividend among the many shareholders. Dividend/dividend warrants shall be paid or dispatched on or earlier than March 15, 2022,” the corporate mentioned in a BSE submitting.
Earlier, Manappuram Finance on Monday reported almost 46 per cent decline in consolidated internet revenue at Rs 261 crore within the quarter ended December 2021 as revenue fell. The non-banking finance firm (NBFC) had posted a internet revenue of Rs 483 crore within the corresponding quarter a yr in the past.
Whole revenue throughout the October-December interval of 2021-22 was down at Rs 1,506.85 crore, as towards Rs 1,650 crore in similar interval of 2020-21, Manappuram Finance mentioned in a regulatory submitting.
Whole bills throughout Q3FY22 rose to Rs 1,158.67 crore, as towards Rs 992.75 crore in year-ago interval.
The consolidated outcomes of the group embrace unaudited monetary outcomes of subsidiaries – Asirvad Microfinance, Manappuram Dwelling Finance, Manappuram Insurance coverage Brokers and Manappuram Comptech and Consultants.
