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Debt fund N+1 Capital announces its first close, backs three startups

Debt fund N+1 Capital announces its first close, backs three startups
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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Manappuram Finance's net profit jumps 16.5% to Rs 1,724.95 cr in FY21

The net profit in the fourth quarter of the last fiscal was lower compared to Rs 483.19 crore recorded in the 2020 December quarter. ....

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Manappuram Finance gains after decent Q4 performance

Read more about Manappuram Finance gains after decent Q4 performance on Business Standard. Manappuram Finance rose 1.44% to Rs 161.85 after the company s consolidated net profit increased 18.6% to Rs 468.33 crore on 1.1% rise in total revenue from operations to Rs 1622.32 crore in Q4 FY21 over Q4 FY20. ....

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Manappuram Finance Q4 results: Net profit jumps 17% to Rs 468 cr

Manappuram Finance Q4 results: Net profit rises 35% to Rs 458 cr
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Synopsis
Opportunity for lending against gold as collateral remained high as availability of other personal loans fell as lenders in general turned risk averse, Manappuram Finance managing director VP Nandakumar told ET.
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Rising gold prices also allowed people to borrow more against the pledged gold, helping its gold loan portfolio grow 12.44% to Rs 19,077 crore.
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Manappuram Finance, which lends against gold ornaments, on Wednesday reported 35% rise in its standalone net profit at Rs 458 crore in the March quarter, riding on surge in gold loan demand during the pandemic. ....

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