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Earnings Call

Manappuram Finance Earnings Call: Key Takeaways

Manappuram delivered a solid Q4 FY26 with strong gold loan momentum, though non-gold segments like microfinance show ongoing asset quality stress despite strategic shifts.

Highlights
Revenue growthRevenue grew 10.7% YoY; total FY26 revenue reached ₹9,509 crore.
MarginsYields stabilized at 17.5-18%; NIMs improved during the quarter.
Demand visibilityStrong demand for gold loans driven by high prices and rural recovery.
Management confidenceCautious on microfinance but optimistic about new gold loan regulations.

Growth

Gold AUM grew 99.1% YoY to ₹50,953cr, while consolidated PAT fell 17.5% YoY for FY26.

Outlook

Targeting 13-16% ROE over 2 years and plans to open 500-550 new gold branches.

Risks

Asset quality in microfinance remains pressured with stage 3 ECL at 68.5%; vehicle finance saw large write-offs.

Source

Earnings Call filed with NSE, NSE: MANAPPURAM. Summary written with AI assistance from the document.

Read the document ↗

Manappuram Finance Ltd: key numbers

Share price
₹334.00
Market cap
₹28,271 Cr
Revenue (annual)
₹9,509 Cr
Net profit (annual)
₹1,003 Cr
P/E (TTM)
19.5×Sector 22.0×
Promoter holding
41.66%+9.89% QoQ
FII holding
22.30%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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