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.

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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.

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The company's aggregate gold loan disbursements during the quarter increased to Rs 10,371.80 crore.

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