Manappuram Finance Q2 Results Live: Profit Rise by 2.2% YOY

Manappuram Finance Q2 Results Live : Manappuram Finance declared their Q2 results on 05 Nov, 2024, showing a substantial topline growth of 23.66% year-over-year, while profit saw a modest increase of 2.2%. Compared to the previous quarter, revenue grew by 7.23%, and profit increased by 2.89%.

The company's selling, general, and administrative expenses rose by 0.28% quarter-over-quarter and saw a significant increase of 19.5% year-over-year, indicating a rise in operational costs.

Operating income also demonstrated positive momentum, up by 10.36% from the previous quarter and increasing by 9.5% year-over-year, showcasing the company’s ability to enhance its earnings amidst rising expenses.

Earnings per share (EPS) for Q2 stood at ₹9.03, reflecting a healthy increase of 17.5% year-over-year, which could bolster investor confidence in the company’s growth trajectory.

Despite these positive results, Manappuram Finance has experienced a 1.98% return over the last week, but a decline of 14.37% over the last six months and a 7.57% decline year-to-date, highlighting volatility in its stock performance.

Currently, Manappuram Finance has a market capitalization of ₹13,456.62 Cr with a 52-week high of ₹230.4 and a low of ₹134.4, suggesting a wide trading range in the past year.

As of 06 Nov, 2024, out of 14 analysts covering the company, the ratings are mixed: 1 analyst has given a Sell rating, 5 Hold ratings, 3 Buy ratings, and 5 Strong Buy ratings, with a consensus recommendation leaning towards a Buy.