*Manappuram Finance Q2FY20 result highlights*
*Stellar set of numbers with improved asset quality*
*Beats on all counts*
(Consolidated Performance)
1) Loan growth = 32%YoY/12% QoQ to Rs 22,677 cr
2) NII growth = 24% to Rs 862 cr (YoY)
3) PAT growth= 82% to Rs 408 cr (YoY)
4) GNPA in Gold book= 0.6% in Q2FY20 vs. 0.7% in Q1FY20
*Asirvad Microfinance (MFI Subsidiary) – Robust Growth*
1) Loan Growth = 73% at Rs 4725 cr (YoY)
2) NII growth = 65% at Rs 138 cr (YoY)
3) PAT growth = 126% at Rs 66 cr (YoY)
*Result outlook: +ve*
-Arihant Capital Markets Ltd