Vodafone Fy17 Profit
Manappuram Finance net profit falls 44% to Rs 261 cr in March quarter
Manappuram Finance on Wednesday reported over 44 per cent decline in net profit at Rs 261 crore in the quarter ended March 2022. The company had posted a net profit of Rs 468 crore in the same quarter of the previous year. "Our PAT (Profit After Tax) has been affected temporarily due to shifting of high yield to lower yielding gold loans. We have reduced Opex (operating expenses) during this quarter and we intend to maintain it at this level. "We are focusing more on collection efficiency and quality growth in MFI books and building up gold loan portfolio," Manappuram Finance said in an investor presentation. The company's net interest income also fell by 10.2 per cent in the March quarter of FY22 to Rs 986.50 crore as against Rs 1,098.40 crore in the year-ago period. It was up by 3.5 per cent from previous quarter's Rs 953.40 crore. The income from operations were down by 8.7 per cent, at Rs 1,481.40 crore during the quarter from Rs 1,484.5 crore. Talking about gold loan busines
 "Manappuram Finance net profit falls 44% to Rs 261 cr in March quarter")
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