Mannapuram Finance profit rises

Manappuram Finance Limited has declared a net profit of Rs 161.37 crore, up 117 per cent in the third quarter of the current financial year compared to Rs 74.53 crore for the same period, last year. Net profit for the nine months up to December is up by 124 per cent at Rs 404.5 crore, compared Rs 180.8 crore. V P Nandakumar, executive chairman, announced the results on Thursday. The company’s aggregate gold loan disbursements during the quarter increased to Rs 10,371.80 crore.