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Manappuram Finance on Saturday reported a 10.7 percent increase in combined net earnings at Rs 409.48 crore for the quarter ended September 30, 2022.

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The non-banking financing business, which is primarily into gold loans, had actually published a net revenue of Rs 369.88 crore in the year-ago quarter.

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Sequentially, earnings grew by 45 percent from the June 2022 quarter.

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The business's combined properties under management (AUM) grew by 7.89 percent to Rs 30,664.96 crore from Rs 28,421.63 crore a year back,

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The board of directors has actually authorized payment of interim dividend of Rs 0.75 per show stated value of Rs 2 each, it included.

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V P Nandakumar, MD and CEO of Manappuram Finance, stated, "I am pleased to keep in mind that we have actually published a consecutive boost in earnings of 45%

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The gold loan portfolio of the South-based business was at Rs 19,190 crore, while the variety of gold loan consumers reached 24.1 lakh in this duration.

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In aggregate, the business's non-gold loan organizations represented a 37% share of its combined AUM.

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Typical loaning expenses for the standalone entity decreased by 38 basis indicate 7.56% throughout the quarter (y-o-y).

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The gross NPA stood at 1.95% while the net NPA was reported at 1.77%.

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The board of directors has actually authorized the payment of an interim dividend of 0.75 per show a stated value of Rs 2.