Stock Report

Manappuram Finance Ltd's Q1 Consolidated Net Profit Rises 341.40% YoY to ₹585 Crore; AUM Grows 57.20% YoY to ₹69,635 Crore

Posted On : 2026-08-11 22:14:42( TIMEZONE : IST )

Manappuram Finance Ltd, a leading non-banking finance company (NBFC), on Tuesday announced its financial results for the quarter ended June 30, 2026 (Q1 FY27). The NBFC reported a 341.40% year-on-year (YoY) growth in consolidated net profit after tax to ₹585 crore. In the year-ago quarter, net profit stood at ₹132 crore.

Assets under management (AUM) grew by 57.20% YoY to ₹69,635 crore during the quarter under review.

In the June quarter, the company's gold loan AUM reached ₹57,006 crore, registering stellar year-on-year growth of 97.9%.

Non-gold loan businesses accounted for 18.14% of the total AUM. Asirvad Microfinance reported a profit of ₹21 crore during the quarter.

The NBFC's income from operations grew 34.1% YoY to ₹3,033 crore in the quarter, compared with ₹2,262 crore in the same quarter of the previous fiscal year (Q1 FY26).

Net Interest Income (NII) stood at ₹1,759 crore in Q1 FY27, registering 25% YoY growth compared with ₹1,407 crore in Q1 FY26.

As on June 30, the number of branches has expanded to 5,328.

Mr V.P. Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said: "Manappuram Finance has maintained robust loan growth and stable asset quality in the first quarter of the current fiscal year (Q1 FY27). Asirvad Microfinance's return to profitability during the quarter under consideration has also immensely helped. In fact, gold loans played a crucial role in supporting overall bank credit growth in the country. Despite funding challenges, we have been successful in riding this wave and keeping the growth momentum intact."

"Volatility in gold prices was a serious concern that affected overall business sentiment. However, Manappuram Finance also delivered remarkable growth during the quarter under consideration, driven by operational efficiency, cost reduction, digitalisation and expansion into newer markets. Apart from our core business, all the subsidiary units/businesses, including Asirvad Microfinance, are in good financial health at present, and we expect them to perform better as the overall business environment improves in the near to medium term," Mr Nandakumar added.

Shares of Manappuram Finance Limited was last trading in BSE at Rs. 367.50 as compared to the previous close of Rs. 367.00. The total number of shares traded during the day was 181352 in over 3376 trades.

The stock hit an intraday high of Rs. 374.20 and intraday low of 357.20. The net turnover during the day was Rs. 66412523.00.