About Finance Net
Provider of Internet-based portals for financial and economic information. The company's portals provide exhaustive financial contents, quotations on the main markets and portfolio analysis tools. The company also provides high value-added services related to the broadcasting of stock-exchange information on the Web and on other supports including WAP, personal digital assistants, Audiotel, Minitel, and SMS.
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Latest Finance Net News
Nov 12, 2022
New Delhi, Nov 12 (PTI) Manappuram Finance on Saturday reported a 10.7 per cent rise in consolidated net profit at Rs 409.48 crore for the quarter ended September 30, 2022. The non-banking finance company, which is mainly into gold loans, had posted a net profit of Rs 369.88 crore in the year-ago quarter. Sequentially, profit grew by 45 per cent from the June 2022 quarter. The company's consolidated assets under management (AUM) grew by 7.89 per cent to Rs 30,664.96 crore from Rs 28,421.63 crore a year ago, Manappuram Finance said in a release. The board of directors has approved payment of interim dividend of Rs 0.75 per share with face value of Rs 2 each, it added. The company's MD and CEO V P Nandakumar said, "We have posted a sequential increase in profit of 45 per cent. It is in line with our commitment to maintain operational efficiency even as we target growth." The gold loan portfolio of the South-based company was at Rs 19,190 crore, while the number of gold loan customers reached 24.1 lakh in this period. Manappuram's microfinance business ended the quarter with an AUM of Rs 7,118.10 crore, an increase of 1.25 per cent in comparison to Rs 7,029.90 crore in the year-ago quarter and 8.74 per cent Q-o-Q, it said. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
Finance Net Frequently Asked Questions (FAQ)
When was Finance Net founded?
Finance Net was founded in 1996.
Where is Finance Net's headquarters?
Finance Net's headquarters is located at 1 Rue St Dizier, Nancy.
What is Finance Net's latest funding round?
Finance Net's latest funding round is Acquired.
Who are the investors of Finance Net?
Investors of Finance Net include Net.IPO.
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