Manappuram Finance Ltd has posted a 20 per cent growth in net profit at ₹271.31 crore in FY-15 against ₹225.98 crore in FY-14.
However, the operating income stood at ₹1,986.42 crore, showing a decrease of 5.4 per cent in comparison to ₹2,100.46 crore in the previous fiscal. The PBT was also up by 20.6 per cent at ₹413.67 crore against ₹343.03 crore.
The board has approved an interim dividend of ₹0.45 per share for the quarter. An interim dividend of ₹1.35 per share of face value of ₹2 has already been disbursed during the year. The total dividend for the year will, therefore, amount to ₹1.80 per share.
“After two years of decline in business levels, it is heartening to see the all-round improvement in performance. The profitability has improved and once again there is brisk growth in the loan book. From now on, we can focus on delivering more exciting growth,” V.P. Nandakumar, MD & CEO, said.
The total gold loan disbursements went up to ₹24,683 crore from ₹20,292 crore. The consolidated assets under management also registered good growth at ₹9,593 crore from ₹8,163 crore. In fact, the growth in AUM was consistent across the four quarters, reflecting the depth of the revival, he said.
The interest cost continued the downward trend and further declined by 24 bps in Q4. For the full year, the interest cost has come down ₹149.08 crore. The net worth stood at ₹2,633 crore as of March 31.
The consolidated earnings per share (face value of ₹2) amounted to ₹3.23, while the capital adequacy ratio was maintained at a high level of 25.65 per cent. The net NPA position stood at 1 per cent as of March 31.