2024-11-06 11:09:02 :
Manappuram Finance second quarter results live broadcast: Manappuram Finance announced its second quarter results on November 5, 2024, which showed a significant year-on-year growth of 23.66% in revenue, while profits edged up by 2.2%. Compared with the previous quarter, revenue increased by 7.23% and profit increased by 2.89%.
The company’s selling expenses, general expenses and administrative expenses increased by 0.28% month-on-month and a significant increase of 19.5% year-on-year, indicating an increase in operating costs.
Operating income also showed positive momentum, increasing by 10.36% month-on-month and 9.5% year-on-year, demonstrating the company’s ability to enhance profitability despite rising expenses.
Second quarter earnings per share (EPS) was $9.03, a year-over-year increase of 17.5%, which may increase investor confidence in the company’s growth trajectory.
Despite these positive results, Manappuram Finance, which returned 1.98% last week, has fallen 14.37% over the past six months and is down 7.57% year-to-date, highlighting the volatility of its stock performance.
Currently, Manappuram Finance has a market capitalization of $13,456.62 Cr hits 52-week high $230.4 and minimum $134.4, indicating a wide trading range over the past year.
Of the 14 analysts covering the company as of November 6, 2024, ratings were mixed: 1 rated it a sell, 5 rated it a hold, and 3 rated it a buy , 5 analysts have assigned it a Strong Buy rating, with the consensus recommendation favoring Buy.
Manappuram Finance Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 2633.11 | 2455.61 | +7.23% | 2129.28 | +23.66% |
| Total Selling/General/Administrative Expenses | 447.59 | 446.34 | +0.28% | 374.54 | +19.5% |
| Depreciation/Amortization | 66.59 | 64.39 | +3.42% | 62.5 | +6.54% |
| total operating expenses | 1864.48 | 1759.13 | +5.99% | 1427.32 | +30.63% |
| operating income | 768.63 | 696.48 | +10.36% | 701.96 | +9.5% |
| net income before tax | 772.66 | 752.8 | +2.64% | 746.7 | +3.48% |
| net income | 570.64 | 554.62 | +2.89% | 558.37 | +2.2% |
| Diluted normalized earnings per share | 9.03 | 8.58 | +5.2% | 7.69 | +17.5% |
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