Manappuram Finance Ltd. announced a significant leap in its financial performance for the first quarter ended June 30, 2026. The non-banking finance company (NBFC) reported a consolidated net profit after tax of ₹585 crore, marking a substantial 341.40% year-on-year growth. Assets Under Management (AUM) also saw a robust increase, growing by 57.20% year-on-year to reach ₹69,635 crore.
Manappuram Finance Reports Strong Q1 FY27 Results
Manappuram Finance Ltd., a leading non-banking finance company (NBFC), has declared its financial results for the first quarter of the fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company posted a consolidated net profit after tax of ₹585 crore, representing an impressive year-on-year (YoY) growth of 341.40%. In the corresponding quarter of the previous year, the net profit stood at ₹132 crore.
Asset Under Management Surges
The company’s Assets Under Management (AUM) demonstrated robust growth, expanding by 57.20% YoY to reach ₹69,635 crore during the review quarter. The core gold loan segment showed exceptional performance, with gold loan AUM reaching ₹57,006 crore, achieving a stellar year-on-year growth of 97.9%.
Diversified Business Performance
Non-gold loan businesses contributed 18.14% to the total AUM. Asirvad Microfinance, a subsidiary, reported a profit of ₹21 crore for the quarter. The NBFC’s income from operations grew by 34.1% YoY to ₹3,033 crore, compared to ₹2,262 crore in Q1 FY26. Net Interest Income (NII) recorded a 25% YoY growth, reaching ₹1,759 crore in Q1 FY27 against ₹1,407 crore in Q1 FY26.
Expansion and Market Outlook
As of June 30, 2026, the company’s branch network has expanded to 5,328 branches. Mr. V.P. Nandakumar, Chairman and Managing Director, highlighted the company’s maintained robust loan growth and stable asset quality. He noted that Asirvad Microfinance’s return to profitability significantly aided the results, with gold loans playing a vital role in supporting overall bank credit growth in the country despite funding challenges. He further commented on the positive impact of operational efficiency, cost reduction, digitalization, and expansion into new markets, expecting subsidiaries like Asirvad Microfinance to perform even better as the business environment improves.
Source: BSE
