Manappuram Finance Q4 FY24 Results: Net profit grows 36% but misses analysts' expectations; board declares Re 1/share dividend
Manappuram Finance Q4 FY24 Results: Kerala-headquartered Manappuram Finance reported a 35.7 per cent year-on-year jump in consolidated net profit to Rs 563.5 crore for the quarter ended March 31, missing analysts' expectations.
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Manappuram Finance Q4 FY24 Results: Manappuram Finance on Friday reported a consolidated net profit of Rs 563.5 crore for the quarter ended March 31, an increase of 35.7 per cent over the corresponding period a year ago. The Kerala-headquartered non-banking financial company's quarterly net profit fell short of analysts' estimates.
According to Zee Business research, Manappuram Finance was estimated to register a consolidated net profit of Rs 590 crore for the fourth and final quarter of FY24.
The NBFC's board declared an interim dividend of Re 1 per equity share.
(This story will be updated shortly)
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