March 25, 2026 12:43 am (IST)
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Manappuram Finance declares Q2 results
Mumbai, Nov 5 (IBNS): Manappuram Finance Ltd. has declared its second quarter results. Consolidated net profit for the quarter ended September 30 stood at Rs. 63.02 crore, an increase of 6.3 percent compared to Rs.59.30 crore reported in the first quarter of the current fiscal, the company stated.
Total consolidated operating income during the quarter registered an increase of 2.5 percent to Rs. 552.52 crore as against Rs. 539.04 crore reported in Q1. The company’s consolidated Assets under Management (AUM) stood at Rs. 10,220 crore (Rs.10, 105 crore).
The Board of Directors, which met at Valapad (Thrissur) on Thursday to consider the results, approved payment of interim dividend of Rs. 0.45 per share of face value of Rs. 2/-
Gold loan Assets under Management (AUM) stood at Rs.9, 524 crore as against Rs.9, 592 crore recorded in the previous quarter. Aggregate gold loans disbursed during the quarter amounted to Rs.7, 981 crore compared to Rs.8, 188 crore disbursed in Q1.
Net NPA has fallen to 0.85 percent from 1.01 percent recorded in the previous quarter. The company added 3.26 lakh new customers taking the total number of live customers to 18.45 lacs.
Besides gold loans, the company’s recent diversification into new business areas continued to gain traction. New businesses now contribute 6.7% of its consolidated AUM.
The company’s microfinance subsidiary, Asirvad Microfinance, ended the quarter with an AUM of Rs 538.84 crore, a significant increase of 29 percent compared to Rs. 418.31 crore reported on June 30, 2015.
Sharing the results with the media, V.P. Nandakumar, MD & CEO, said, “In line with our expectations, Manappuram’s new businesses are beginning to make worthwhile contributions to volumes. The new businesses have helped us to diversify and de-risk the portfolio and will soon contribute to profitability as well.”
Borrowing cost continued to decline, falling by 48 bps during the quarter. Interest costs are expected to fall further in keeping with the recent trend. Net NPA stood at 0.8 percent. Tier I capital of the company stands at 24.70 percent in comparison to 26.83 percent reported in Q2 of previous year. The company enjoys a long term credit rating of AA- by CARE. The company has a network of 3,293 branches across 24 states and 4 UTs.
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