Manappuram General Finance on Friday said it's planning to expand the housing and micro finance business.

The Thrissur-based NBFC reported 41 percent jump in consolidated net profit at Rs 224 crore for the quarter ended September 30, 2018.

In an interview to CNBC-TV18, VP Nandakumar, managing director and chief executive officer, said compared to Q2 of last year and this year, there is a growth of 17 percent in asset under management (AUM).

Nandakumar said Manappuram General Finance expects 10 percent AUM growth by the year-end.

On numbers front, Nandakumar said, “Currently our return on equity (RoE) is at 22 percent. We are hopeful of maintaining over 20 percent through current year.”

First Published:Nov 9, 2018 1:34 PM IST