Healthy gold loan growth; MFI business remains key monitorable

Company
06 Nov 2024
5 Min read 
  • Manappuram Finance's financials and valuations are detailed in the text.
  •  The company's gold AUM grew by 3% QoQ and 17% YoY.
  •  Asirvad MFI's credit costs are high, with GS3 up by 160bp QoQ.
  •  The company's PAT in 2QFY25 grew 2% YoY to INR5.7b.
  •  MGFL's management is hopeful of the RBI lifting the ban on Asirvad MFI.
  •  The company's gold AUM grew by 3% QoQ and 17% YoY.
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