Economic TimesLean R·
Manappuram Finance shares drop 3% even as Q2 net profit soars 3x to Rs 701 crore. Why did Jefferies cut target price?
Shares of Manappuram Finance dropped around 3% on Friday after the company reported a consolidated net profit of Rs 701 crore for the July-September quarter of the ongoing financial year 2027, surging over 3 times from Rs 220 crore reported in the corresponding quarter of the previous financial year.The gold loan provider’s revenue from operations jumped 48% year-on-year to Rs 3,362 crore during the quarter under review, from Rs 2,274 crore reported in the same period last year. The company’s t…
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