Manappuram Finance Records Strong Financial Performance in Q1, PAT Grows by 40.82%

Manappuram Finance, a midcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with its score improving from 23 to 13 in the last three months according to MarketsMOJO.

One of the key highlights of Manappuram Finance's financials for the quarter is its Profit After Tax (PAT) for the half-yearly period. The company has recorded a growth of 40.82% year on year, with PAT standing at Rs 1,134.40 crore. This is a very positive trend for the company in the near term.

In terms of net sales, Manappuram Finance has achieved its highest quarterly sales of Rs 2,359.77 crore and has shown growth in each of the last five quarters. This indicates a very positive trend in the near term for the company's sales performance.

The company's Operating Profit (PBDIT) for the quarter has also seen a positive trend, with the highest recorded at Rs 1,587.29 crore. This has grown each quarter in the last five quarters, showing a strong performance in the near term.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Manappuram Finance's stock. With its positive financial performance and growth trends, the company is on a steady path towards success in the finance/NBFC industry.