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

Manba Finance will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live News

Manba Finance will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live News

Net profit of Manba Finance rose 297.97% to Rs 9.79 crore in the quarter ended March 2024 as against Rs 2.46 crore during the previous quarter ended March 2023. Sales rose 50.10% to Rs 50.54 crore in the quarter ended March 2024 as against Rs 33.67 crore during the previous quarter ended March 2023.For the full year,net profit rose 105.00% to Rs 31.18 crore in the year ended March 2024 as against Rs 15.21 crore during the previous year ended March 2023. Sales rose 34.73% to Rs 168.36 crore in the year ended March 2024 as against Rs 124.96 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales50.5433.67 50 168.36124.96 35 OPM %72.0657.35 -74.2265.26 - PBDT12.355.19 138 43.1425.46 69 PBT11.254.13 172 38.6521.01 84 NP9.792.46 298 31.1815.21 105 Powered by Capital Market - Live News