Manappuram Finance Shares Plummet 5% Following Disappointing Q3 Earnings
2025-02-14
moneycontrol.com
Manappuram Finance's consolidated net profit took a significant hit, dropping to Rs 282 crore in Q3FY25, as the company's microfinance arm saw a substantial surge in bad loans and provisions, rising fourfold to Rs 473 crore. This weaker-than-expected performance has raised concerns among investors, leading to a decline in share prices. The financial services sector is closely watching the developments, with key players focusing on managing non-performing assets and improving profitability. As the Indian economy continues to navigate challenges, companies like Manappuram Finance must adapt to maintain their market standing. Key factors such as loan provisions and asset quality will be crucial in determining their future growth.
