Manappuram Finance defers results announcement

Manappuram Finance has postponed its board meeting to consider results to May 18.

Earlier, it was scheduled to announce full-year financial performance on May 14.

The company, however, did not disclose the reason for the rescheduling of board meet. For fiscal 2011, the company posted a revenue of Rs 1,178.75 crore and a net profit of Rs 282.66 crore.

For the December quarter in the current fiscal, the company's net profit stood at Rs 161.37 crore on a revenue of Rs 726.4 crore. Meanwhile, the stock opened firm at Rs 20.45, a gain of 1.5 per cent.

The stock's 52-week high and low are Rs 126.85 and Rs 18.6 (on May 10) respectively.