The NBFC's revenue from gold loans business stood at Rs 1,537.22 crore (up 18.45% YoY) and revenue from micro finance segment was at Rs 636.80 crore (up 52.96% YoY) during the period under review.

Consolidated profit before tax climbed 35.09% year on year to Rs 746.70 crore in the quarter ended 30 September 2023.

Total expenses in Q2 FY24 was at Rs 1427.32 crore, registering a growth of 22.9% YoY. Finance costs stood at Rs 689.44 crore (up 30.48% YoY) and impairment of financial instruments came in at Rs 119.73 crore (up 48.7% YoY) during the quarter. On half-yearly basis, the NBFC’s consolidated net profit surged 52.7% to Rs 1,054.27 crore on 31.53% jump in total income to Rs 4,231.20 crore in H1 FY24 over H1FY23.

Meanwhile, the company’s board declared an interim dividend of Rs 0.85 per equity share for FY24. The record date for the said dividend is fixed on 24 November 2023 and the dividend will be paid or dispatched on or before 12 December 2023.

Manappuram Finance is one of India's leading gold loan NBFCs.