The announcement was made after market hours yesterday.

Manappuram Finance is one of India's leading gold loan NBFCs. It has 4637 branches (includes branches of subsidiary companies) across 28 states/UTs with assets under management (AUM) of Rs. 272.24 billion.

On a consolidated basis, the company's net profit skid fell 8.8% to Rs 369.88 crore on 1.5% decline in total income to Rs 1,554.42 crore in Q2 September 2021 over Q2 September 2020.

Shares of Manappuram Finance were down 1.15% at Rs 168.35.