Non-banking financial company Mannapuram Finance has released its second quarter results. The company's profit has increased by 2 percent compared to last year. At the same time, net interest income has increased by more than 17 percent on a year-on-year basis. The company's asset quality has seen a decline compared to the first quarter. Both gross NPA and net NPA have seen an increase. The stock has seen a sharp jump in Tuesday's trading and the stock has closed with a gain of about 4 percent.

How were the quarterly results?
 

The company's net profit has increased by 2 percent compared to last year and has increased from Rs 560.6 crore to Rs 572.1 crore. Net interest income has increased by 17.4 percent compared to last year to Rs 1727.4 crore, which was at Rs 1471.2 crore a year ago. The asset quality of NBFC has seen weakness compared to the first quarter. Gross NPA ratio has come down to 2.43 percent in the September quarter, which was at 1.96 percent in the June quarter. Net NPA has come down to 2.15 percent in the September quarter, which was at 1.7 percent in the first quarter. How was the performance of the stock? In Tuesday's trading, the stock has reached the level of 158.85 with a gain of 3.9 percent. During the session, the stock saw a gain of more than 4 percent. The highest level of the stock for the year is 230. At the same time, the stock has recorded the lowest level of the year at 134.25. A year ago, the stock was at the level of 140.