Manappuram Finance Limited submitted its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27) to the stock exchanges in compliance with SEBI Listing Regulations. The disclosure was made under Regulation 46(2) of the Listing Regulations and was hosted on the company's website at https://www.manappuram.com/.
Financial Performance Highlights
Consolidated Results:
- Net profit after tax: ₹585 crore for Q1 FY27, representing a 341.40% year-on-year increase from ₹132 crore in Q1 FY26
- Income from operations: ₹3,033 crore for Q1 FY27, showing 34.1% YoY growth from ₹2,262 crore in Q1 FY26
- Net Interest Income (NII): ₹1,759 crore for Q1 FY27, registering 25% YoY growth from ₹1,407 crore in Q1 FY26
Assets Under Management:
- Total AUM: ₹69,635 crore as of June 30, 2026, representing 57.20% YoY growth
- Gold loan AUM: ₹57,006 crore, showing 97.9% YoY growth
- Non-gold loan businesses: Accounted for 18.14% of total AUM
Operational Metrics:
- Branch network: Expanded to 5,328 branches as of June 30, 2026
- Subsidiary performance: Asirvad Microfinance reported a profit of ₹21 crore during the quarter
Management Commentary
Mr. V.P. Nandakumar, Chairman and Managing Director, stated that the company maintained robust loan growth and stable asset quality in Q1 FY27. He highlighted that Asirvad Microfinance's return to profitability significantly contributed to results. Gold loans played a crucial role in supporting overall bank credit growth in the country, and despite funding challenges, the company maintained growth momentum.
Mr. Nandakumar noted that volatility in gold prices affected business sentiment, but the company delivered remarkable growth driven by operational efficiency, cost reduction, digitalization, and expansion into newer markets. All subsidiary units/businesses, including Asirvad Microfinance, are in good financial health and expected to perform better as the business environment improves in the near to medium term.
Corporate Background
Manappuram Finance Ltd is one of India's leading gold loan NBFCs, incorporated in 1992 and promoted by Mr. V.P. Nandakumar, whose family has been in the gold loan business since 1949. The company is headquartered in Valapad, Thrissur district, Kerala, and has been publicly listed since August 1995 on both BSE and NSE.