Consolidated profit before tax dropped 9.1% to Rs 495.03 crore in Q2 September 2021 as against Rs 544.41 crore in Q2 September 2020.

On a segmental basis, revenues from Gold loans and Others declined 9.17% to Rs 1,199.83 in Q2 FY22 as compared to Rs 1,321.10 crore in Q2 FY21. Revenues from Microfinance grew 38.07% to Rs 354.59 crore in Q2 September 2021 from Rs 256.81 crore in Q2 September 2020.

The board has declared an interim dividend of Rs 0.75 per equity share of face value Rs 2. The company has fixed Thursday, 25 November 2020 as the record date to ascertain the entitlement of interim dividend among the shareholders and dividend/ dividend warrants shall be paid or dispatched on or before 11 December 2021.

Meanwhile, the board has appointed Shailesh Jayantilal Mehta as the chairperson of Manappuram Finance.

Manappuram Finance is a gold loans offering non-banking financial company, engaged in providing finance against used household gold ornaments.