FilingReader Intelligence
Manappuram Finance shifts to gold loans, appoints new CEO
August 13, 2025 at 02:09 PM UTC•By FilingReader AI
Manappuram Finance reported Q1 consolidated revenue of INR2,265 crores and profit of INR132.5 crores. The company plans to increase its gold loan portfolio to 75% of total loans from the current 65%.
Deepak Reddy joined as chief executive while V. P. Nandakumar was appointed chairman from August 28. Gold loan assets grew 12% quarter-on-quarter with average yield at 20.7%.
The microfinance unit Asirvad posted a loss of INR267 crores amid sector stress.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:MANAPPURAM•Bombay Stock Exchange
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