Manba Finance Limited – Investor Presentation Summary

Key Operational Highlights

  • Disbursements grew 37% YoY to INR 2,263 Mn in Q1 FY27, reflecting strong demand across the core vehicle finance portfolio.
  • Expanded branch network to 134 locations and dealer network to 1,784 partners, enhancing distribution reach.
  • Disbursement Per Employee stood at INR 1.16 Mn and Disbursement Per Location Per Month at INR 16.89 Mn.
  • AUM Per Employee was INR 8.84 Mn.
  • Key drivers: Geographic expansion into new markets, product diversification into used vehicles and MSME LAP, and technology-driven quick loan processing.

Segment-wise Performance

Not Specified

Financial Highlights

Revenue: INR 926 Mn

Net Interest Income: INR 416 Mn

PAT: INR 133 Mn

EPS: INR 2.64

YoY comparison (Q1 FY27 vs Q1 FY26):

  • Interest Income: INR 851 Mn vs INR 630 Mn, +35.1%
  • Net Interest Income: INR 416 Mn vs INR 306 Mn, +35.9%
  • PAT: INR 133 Mn vs INR 98 Mn, +35.7%
  • Diluted EPS: INR 2.64 vs INR 1.94, +36.1%

QoQ comparison (Q1 FY27 vs Q4 FY26):

  • Interest Income: INR 851 Mn vs INR 924 Mn, -7.9%
  • Net Interest Income: INR 416 Mn vs INR 498 Mn, -16.5%
  • PAT: INR 133 Mn vs INR 111 Mn, +19.8%
  • Diluted EPS: INR 2.64 vs INR 2.21, +19.5%

Margins: Return on Assets at 2.63% and Return on Equity at 11.65%.

Drivers of financial performance: Higher disbursement growth, diversified product portfolio, and operational efficiency.

Key Risks: Not explicitly disclosed in presentation.

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Operations across 7 states - Gujarat, Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, and newly entered Karnataka.

Balance Sheet Snapshot

As of June 30, 2026: Not fully specified in presentation

Historical Balance Sheet (FY26):

  • Total Assets: INR 19,792 Mn
  • Loans: INR 15,603 Mn
  • Total Financial Liabilities: INR 15,630 Mn
  • Total Equity: INR 4,097 Mn
  • Debt Equity Ratio: 3.44

Financial Health Insights: Capital Adequacy Ratio at 24.40%, indicating strong capital position.

Capex & Cash Flow Health

Capital Expenditure: Not Specified

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Not Specified

Investment Rationale: Focus on technology upgrades and geographic expansion.

Strategic & R&D Initiatives

Investments in Innovation: AI voice agents for collections, upgraded Loan Origination System, WhatsApp-based messaging, paperless onboarding, Juspay disbursements, STP for used 2W, and Digi locker integration.

Expected impact on growth: Faster approval cycles and accelerated disbursement TATs.

Strategic Rationale: Expanding into high-growth markets (South India), reducing operational costs through technology, and diversifying product portfolio to reduce concentration risk.

Industry Trends & Business Environment

Macro/Industry Trends: Growing two-wheeler and EV market, increasing demand for used vehicles (CRISIL projects 14-15% growth for used car market), preference for EV3Ws among small businesses due to high fuel prices.

Impact on Company: Positioning in high-growth mobility segments, expansion into EV financing, and tapping into used vehicle market opportunities.

Management Commentary & Growth Outlook

Strategic Outlook: Focus on increasing penetration in existing markets, diversifying into new markets (South India), investing in technology and digitization, and enhancing brand recall.

FY Guidance: Not explicitly provided

Market Share Targets: Not explicitly provided

Risks and Opportunities: Not explicitly highlighted beyond general disclaimer