*Manappuram Finance Ltd. -C* | *CMP* Rs. 168 | *M Cap* Rs. 14208 Cr | *52 W H/L* 174/78
(Nirmal Bang Retail Research)
*Result is above expectations*
NII came at Rs. 861.9 Cr vs expectation of Rs. 832.7 Cr, YoY Rs. 697.1 Cr, QoQ Rs. 794.2 Cr
PBP came at Rs. 543.8 Cr vs expectation of Rs. 445.6 Cr, YoY Rs. 366.2 Cr, QoQ Rs. 451 Cr
Provision came at Rs. 29.3 Cr vs expectation of Rs. 0 Cr, YoY Rs. 16.2 Cr, QoQ Rs. 36.5 Cr
PAT came at Rs. 404.1 Cr vs expectation of Rs. 309.5 Cr, YoY Rs. 222.2 Cr, QoQ Rs. 269.6 Cr
AUM came at Rs. 22679 Cr vs YoY Rs. 17190.7 Cr, QoQ Rs. 20185.9 Cr
Gross NPA (%) came at 0.55% vs QoQ 0.71%
Net NPA (%) came at 0.3% vs QoQ 0.4%
Quarter EPS is Rs. 4.8
Share is trading at P/E of 12.4x FY 20E EPS & 2.8x trailing P/BV