ALFA Finder| Revenue growth | Revenue +10.2% YoY; PAT +223% off low base. |
|---|---|
| Margins | Gold yield guided 17.5-18.5%; exit borrowing cost rising 25-30 bps. |
| Demand visibility | Gold demand volume recovering sequentially; value up YoY on higher prices. |
| Management confidence | Confident; reiterated growth guidance; deflected several stage-2 and provision questions. |
Growth
Revenue +10.2% YoY versus PAT +223% off a weak base; AUM +60.1% YoY, gold +92.5% YoY.
Outlook
Gold AUM growth 25-30% FY27; ~500 branches by March 2027; exit borrowing cost near 9%, up 25-30 bps.
Risks
Gold stage-2 ~5% vs ~0.5% a year ago; teaser-rate price war claims in 5-6 states; CEO and CTO exits.
Last quarter's promises, checked
Delivered
- Guided incremental cost of funds ~8.8-9% and rising → borrowing cost down 2 bps QoQ (= BEAT)
Partly delivered
- Guided gold AUM +25-30% FY27 → only +92.5% YoY disclosed, no QoQ or FY-to-date (= PARTIAL)
- Guided ~500 branches in FY27 → ~10 Q1 adds per analyst; Q2 count not disclosed (= PARTIAL)
- Guided gold yield ~18% ±25 bps → Q2 yield not disclosed (= PARTIAL)
Missed
- Guided microfinance contained below 10% of consolidated AUM → MFI AUM ₹7,919 Cr, +10.2% QoQ from ₹7,188 Cr; ~10.3% of Q1 consolidated AUM (= MISS)
Earnings Call Transcript filed with NSE, NSE: MANAPPURAM. Summary written with AI assistance from the document.
Manappuram Finance Ltd: key numbers
- Share price
- ₹319.95
- Market cap
- ₹27,082 Cr
- Revenue (annual)
- ₹9,509 Cr
- Net profit (annual)
- ₹1,003 Cr
- P/E (TTM)
- 18.7×Sector 20.8×
- Promoter holding
- 41.66%+0.00% QoQ
- FII holding
- 21.04%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Manappuram Finance Ltd
All →Manappuram Finance Results Update
Manappuram Finance's Q2FY27 press release reports consolidated net profit of ₹701 crore, up 222.90% YoY. Consolidated AUM reached ₹73,303 crore, growing 60.1% YoY.
Manappuram Finance Dividend
Manappuram Finance's board declared an interim dividend of Re.1 per equity share on 12 November 2026. The filing gives no record date or payment date and no total payout amount.
Manappuram Finance Investor Presentation: Key Takeaways
Q2 FY27 consolidated PAT ₹701 Cr (+222.9% YoY, +19.9% QoQ); AUM ₹73,303 Cr (+60.1% YoY). Gold-led growth; Asirvad MFI old book shrinking and branches consolidated from 1,503 to 1,428.
Manappuram Finance Q2 FY27 Results: Net Profit ₹701.2 Cr, Up 222.7% YoY
Manappuram Finance Ltd reported revenue from operations of ₹3,362 Cr (+47.8% YoY) and net profit of ₹701.2 Cr (+222.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹701.2 Cr · +222.7% YoY
Manappuram Finance Management Change
Manappuram Finance's Group Chief Technology Officer, Narayanan Easwaran, resigned effective close of business November 7, 2026, citing personal reasons. The resignation letter is attached as required under Regulation 30.
Manappuram Finance Board Meeting Date
Manappuram Finance will hold a board meeting on November 12, 2026 to consider Q2FY27 and H1 results and an interim dividend. The trading window stays closed until November 16, 2026.