Manba Finance will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live News

Manba Finance will hold a meeting of the Board of Directors of the Company on 17 December 2024.Powered by Capital Market - Live News

Manba Finance will hold a meeting of the Board of Directors of the Company on 28 November 2024Powered by Capital Market - Live News

Manba Finance has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles (PVPL), a wholly-owned subsidiary of the Piaggio Group and a prominent manufacturer of small commercial vehicles in India. The collaboration aims to provide tailored financing solutions to customers, featuring low down payment options, competitive interest rates, and loan tenures of up to four years. Under this agreement, Manba Finance and Piaggio Vehicles will form a dedicated central coordination team to oversee the partnership`s implementation. The team will focus on key areas such as product structuring, interest rate optimization, resource allocation, centralized communication, and training to ensure the efficient execution and monitoring of the tie-up. Covering both internal combustion engine (ICE) and electric vehicle (EV) variants, this partnership supports India`s EV transition while encouraging entrepreneurship in the 3W segment. Special financing considerations are also available for women entrepreneurs, further enhancing inclusivity. Powered by Capital Market - Live News

Net profit of Manba Finance declined 16.14% to Rs 11.64 crore in the quarter ended September 2024 as against Rs 13.88 crore during the previous quarter ended September 2023. Sales rose 51.10% to Rs 60.35 crore in the quarter ended September 2024 as against Rs 39.94 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales60.3539.94 51 OPM %73.0491.16 - PBDT17.0418.07 -6 PBT15.9216.94 -6 NP11.6413.88 -16 Powered by Capital Market - Live News