The October-December quarter of fiscal year 2021-22 (Q3FY22) showed weak quarterly results by Manappuram Finance and Muthoot Finance. As a result, the shares of the two gold financiers have cracked 11 per cent and 5 per cent, respectively, since the announcement of their earnings on February 14 and February 12.
The benchmark indices, meanwhile, were flat during the period. Analysts say Q3FY22 was a disappointing quarter for both gold financiers as competitive pressure on yields and tepid growth in asset under management (AUM) weighed on the companies’ financials. Net profit ...
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