ENTITY
Manappuram Finance

Manappuram Finance (MGFL IN)

116
Analysis
FinancialsIndia
Manappuram Finance Ltd. is a non-banking finance company. The Company offers loans against gold collateral, business loans, vehicle loans, foreign exchange and money transfer services; and sells gold coins.
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08 Nov 2024 01:06Broker

Manappuram Finance - Healthy Gold Loan Growth; MFI Business Remains Key Monitorable

Manappuram Finance’s (MGFL) consol. PAT in 2QFY25 grew 2% YoY to INR5.7b (in line). NII grew ~21% YoY to ~INR16.4b and PPoP rose ~19% YoY to...

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06 Nov 2024 20:59Broker

Manappuram Finance Ltd. - Near-Term Underperformance to Continue, Maintain HOLD!

Post the imposition of restrictions on the microfinance subsidiary, the company has intensified its collection efforts and implemented advanced...

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24 Oct 2024 06:12Broker

Manappuram Finance - RBI Ban on Asirvad Due to Material Supervisory Concerns

The RBI has instructed Asirvad Micro Finance, a subsidiary of Manappuram Finance, to halt the sanctioning and disbursement of loans, effective 21st...

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18 Oct 2024 19:05Broker

Manappuram Finance Ltd. - Restrictions on Asirvad to Weigh on Manappuram’s Growth and Profitability!

The RBI has initiated action against select NBFCs and NBFC-MFIs and issued directions to cease and desist from sanctioning and disbursing loans...

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14 Aug 2024 19:05Broker

Manappuram Finance Ltd. - Gold Loan Growth Momentum to Continue!

The growth in the gold loans has been driven by (i) demand recovery post a hiatus post COVID thus improving the pace of customer additions, (ii)...

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