Manappuram Finance Q4 FY24 Results: Net profit grows 36% but misses analysts' expectations; board declares Re 1/share dividend

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)