Manappuram Finance Reports 341.40% Year-on-Year Rise in Net Profit for Q1 FY27; AUM Grows 57.20%
Valapad, Kerala (August 11, 2026): Manappuram Finance Ltd, a prominent non-banking finance company (NBFC), announced robust financial results for the quarter ending June 30, 2026 (Q1 FY27). The NBFC saw its consolidated net profit after tax soar by 341.40% year-on-year (YoY) to ₹585 crore, compared to ₹132 crore in the corresponding quarter of the previous fiscal year.Assets under management (AUM) expanded significantly during the quarter, growing 57.20% YoY to reach ₹69,635 crore. The company also reported that its income from operations increased by 34.1% YoY, reaching ₹3,033 crore in Q1 FY27, up from ₹2,262 crore in Q1 FY26.
The growth was supported across various operational metrics:
| Metric | Q1 FY27 Result | Change (YoY) | Previous Year (Q1 FY26) |
|---|---|---|---|
| Consolidated Net Profit after Tax | ₹585 crore | 341.40% | ₹132 crore |
| Assets Under Management (AUM) | ₹69,635 crore | 57.20% | N/A |
| Income from Operations | ₹3,033 crore | 34.1% | ₹2,262 crore |
| Net Interest Income (NII) | ₹1,759 crore | 25% | ₹1,407 crore |
The company's gold loan business registered substantial growth, with the AUM in gold loans reaching ₹57,006 crore, marking a stellar 97.9% increase year-on-year. Meanwhile, nongold loan businesses contributed 18.14% of the total AUM, with Asirvad Microfinance reporting a profit of ₹21 crore during the quarter.
As of June 30, Manappuram Finance Ltd reported an expansion to 5,328 branches.
V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance Ltd, stated that the company maintained robust loan growth and stable asset quality in Q1 FY27. He highlighted the return to profitability by Asirvad Microfinance as a key factor contributing to the results. Mr. Nandakumar added that gold loans played a crucial role in supporting national credit growth despite funding challenges.
He further noted that while volatility in gold prices was a concern affecting business sentiment, the company achieved remarkable growth through operational efficiency, cost reduction, digitalization, and expansion into new markets. He confirmed that all subsidiary units, including Asirvad Microfinance, are currently in good financial health and anticipate better performance as the overall business environment improves in the near to medium term.
Manappuram Finance Ltd is recognized as one of India's leading gold loan NBFCs, providing finance against gold ornaments. Incorporated in 1992, the company was promoted by Mr V.P. Nandakumar’s family, whose involvement in the gold loan business dates back to 1949. It is headquartered in Valapad, Thrissur district of Kerala and has been publicly listed on exchanges since August 1995.
MANAPPURAM Stock Price Movement
Manappuram Finance Limited shares shed 2.52% in trading today, settling at ₹360 after declining by ₹9.30. The stock was noted amid a substantial trading volume totaling 6.1 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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