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.
Manappuram Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2633.11 | 2455.61 | +7.23% | 2129.28 | +23.66% |
| Selling/ General/ Admin Expenses Total | 447.59 | 446.34 | +0.28% | 374.54 | +19.5% |
| Depreciation/ Amortization | 66.59 | 64.39 | +3.42% | 62.5 | +6.54% |
| Total Operating Expense | 1864.48 | 1759.13 | +5.99% | 1427.32 | +30.63% |
| Operating Income | 768.63 | 696.48 | +10.36% | 701.96 | +9.5% |
| Net Income Before Taxes | 772.66 | 752.8 | +2.64% | 746.7 | +3.48% |
| Net Income | 570.64 | 554.62 | +2.89% | 558.37 | +2.2% |
| Diluted Normalized EPS | 9.03 | 8.58 | +5.2% | 7.69 | +17.5% |
