Key Points
Indias Manappuram Finance Ltd reported a 58% jump in quarterly profit on Friday, helped by strength in its mainstay gold loan and micro-finance businesses..
The non-banking financial companys consolidated net profit rose to 4.13 billion rupees ($50.50 million) in the January to March quarter, from 2.61 billion rupees a year ago, it said..
The Thrissur, Kerala-based companys pre-tax profit from gold loan business, which accounts for three-fourth of its total profit, increased 16% to 4.22 billion rupees..
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