Board Meeting Details

The Board of Directors meeting commenced at 12:00 Noon and concluded at 4:30 PM on November 12, 2026. The meeting reviewed and approved:

1. Un-audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026

2. Declaration of Interim Dividend of Rs. 1/- per equity share of face value of Rs. 2/- each (50%)

Dividend Details

  • Interim Dividend: Rs. 1 per equity share (50% of face value of Rs. 2)
  • Record Date: Wednesday, November 18, 2026
  • Payment: To shareholders whose names appear as Beneficial Owners as per NSDL and CDSL records or in the Register of Members as of business hours on November 18, 2026

Regulatory Filings Submitted

The company submitted the following documents to stock exchanges:

1. Un-audited Standalone and Consolidated Financial Results for quarter and half-year ended September 30, 2026 along with Limited Review Reports from joint statutory auditors

2. Statement indicating no deviation or variation in utilization of proceeds raised through preferential issue of equity shares for quarter ended September 30, 2026 (Regulation 32(1))

3. Disclosure under Regulations 52(7) and 52(7A) regarding utilization of issue proceeds of non-convertible securities for quarter ended September 30, 2026

4. Disclosure of Security Cover pursuant to Regulations 54(2) and 54(3) for quarter ended September 30, 2026

5. Certificate on utilization of proceeds from issuance of Commercial Papers

Standalone Financial Results (Rs. in Crores, except per share data)

Quarterly Performance (Q2 FY27 vs Q2 FY26):
  • Interest Income: Rs. 2,854.89 (vs Rs. 1,829.27 in Q2 FY26)
  • Total Revenue from Operations: Rs. 2,833.93 (vs Rs. 1,820.03)
  • Total Income: Rs. 2,842.33 (vs Rs. 1,823.59)
  • Finance Costs: Rs. 1,189.70 (vs Rs. 688.28)
  • Impairment on Financial Instruments: Rs. 223.34 (vs Rs. 120.07)
  • Profit Before Tax: Rs. 888.90 (vs Rs. 505.27)
  • Net Profit: Rs. 664.75 (vs Rs. 375.87)
  • EPS (Basic): Rs. 7.08 (vs Rs. 4.44)
  • EPS (Diluted): Rs. 6.87
Half-Yearly Performance (H1 FY27 vs H1 FY26):
  • Interest Income: Rs. 5,426.16 (vs Rs. 3,578.51)
  • Total Revenue from Operations: Rs. 5,377.37 (vs Rs. 3,563.17)
  • Total Income: Rs. 5,387.23 (vs Rs. 3,568.13)
  • Finance Costs: Rs. 2,296.89 (vs Rs. 1,333.13)
  • Impairment on Financial Instruments: Rs. 371.85 (vs Rs. 191.74)
  • Profit Before Tax: Rs. 1,628.48 (vs Rs. 1,030.96)
  • Net Profit: Rs. 1,216.52 (vs Rs. 767.98)
  • EPS (Basic): Rs. 12.95 (vs Rs. 9.07)
  • EPS (Diluted): Rs. 12.62

Standalone Balance Sheet (as at September 30, 2026)

  • Total Assets: Rs. 75,939.52 crores
  • Loans: Rs. 64,479.67 crores
  • Investments: Rs. 5,114.71 crores
  • Cash & Cash Equivalents: Rs. 2,461.43 crores
  • Debt Securities: Rs. 11,508.63 crores
  • Borrowings (other than debt securities): Rs. 46,141.00 crores
  • Total Equity: Rs. 17,109.32 crores

Consolidated Financial Results (Rs. in Crores)

Quarterly Performance (Q2 FY27):
  • Total Income: Rs. 3,372.03
  • Profit Before Tax: Rs. 937.59
  • Net Profit: Rs. 701.25
  • Net Profit Attributable to Owners: Rs. 700.99
Half-Yearly Performance (H1 FY27):
  • Total Income: Rs. 6,412.36
  • Profit Before Tax: Rs. 1,719.41
  • Net Profit: Rs. 1,286.02
  • Net Profit Attributable to Owners: Rs. 1,285.57

Segment-wise Performance (Consolidated)

Gold Loan and Others Segment (Q2 FY27):
  • Segment Revenue: Rs. 3,042.62 crores
  • Segment Results (PBT): Rs. 894.59 crores
  • Segment Assets: Rs. 77,277.90 crores
Micro Finance Segment (Q2 FY27):
  • Segment Revenue: Rs. 329.41 crores
  • Segment Results (PBT): Rs. 43.00 crores
  • Segment Assets: Rs. 6,629.25 crores

Key Ratios and Metrics

  • Debt Equity Ratio: 3.37 (Standalone)
  • Net Worth: Rs. 17,109.32 crores (Standalone)
  • Stage 3 Loan Assets to Gross Loan Assets: 1.80%
  • Net Stage 3 Loan Assets to Gross Loan Assets: 1.22%
  • Capital Adequacy Ratio: 22.36%
  • Provision Coverage Ratio: 32.69%
  • Liquidity Coverage Ratio: 165.48%

Regulatory Compliance Disclosures

Security Cover Certificate:

The company maintained requisite asset cover (100% or above) for its Secured Listed Non-Convertible Debentures as at September 30, 2026 through floating charge on book debts and other encumbered assets.

Fund Utilization:
  • No deviation in utilization of proceeds raised through preferential issue of Rs. 2,740.59 crores (March 27, 2026)
  • No deviation in utilization of proceeds from non-convertible securities (NCDs worth Rs. 850 crores issued August 17, 2026)
  • Commercial paper proceeds utilized for disclosed purposes
Co-lending Arrangements:
  • Number of outstanding cases: 18,818
  • Amount of Gross Outstanding: Rs. 119.27 crores
  • Weighted average rate of interest: 12.01%
  • Broad sector: Gold Loan

Subsidiary Updates

  • The company subscribed to right issue of Manappuram Home Finance Limited: Rs. 150 crores (April 6, 2026)
  • Subscribed to right issue of Asirvad Micro Finance Limited: 17,91,88,333 equity shares at Rs. 44 per share (Rs. 788.43 crores, April 10, 2026)
  • Holding in Asirvad Micro Finance increased to 98.97% as on September 30, 2026

ESOP Grants

During quarter ended June 30, 2026, the Board approved grant of 4,28,568 options to eligible employees under "Manappuram Finance Limited - Employee Stock Option Scheme 2025".

Auditor Review

The joint statutory auditors (KKC & Associates LLP and Chokshi & Chokshi LLP) conducted limited review and provided unmodified conclusion on the financial results.