Company Profile For Manappuram General Fin & Leasing

Manappuram General Fin & Leasing (MGFL.BO) (Bombay Stock Exchange)

sector: Financials · industry: Consumer Financial Services ·

As of 24 Nov 2009

497.35INR

Price Change

-9.75

Percent Change

-1.92%

Analyst Recommendations

Overview

Manappuram General Finance and Leasing Limited (MAGFIL) is an India-based company. It is a non-banking financial company, which provides a range of fund-based and fee-based services, including gold loans, hypothecation loans, hire purchase loans and money exchange facilities. As of March 31, 2009, MAGFIL operated through more than 500 branches across India. The Company operates in three segments: gold and other loans, which includes financing of loans against pledging of gold and gold ornaments; asset financing, which includes financing of loans against hypothecation of vehicles, and fee based activities, which includes money transfer and foreign currency exchange. On November 4, 2008, the Company sold its investment in its subsidiary, Manappuram Insurance Brokers Private Limited.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Manappuram General Finance & Leasing Ltd.'s Revenue totaled RS1.66B, up from RS803.2M. Net income increased 41% to RS296.3M. Revenue reflects an increase in income from gold loans & hypothecation loans segment. Net income was partially offset by an increase in staff cost, higher advertisement expense, increased rent expenses, a rise in depreciation charges and higher other expenditure of the company.