Manappuram Finance reports strong Q1 FY27 growth, driven by an 86% YoY surge in Gold Loan AUM. However, management is pivotting toward secured lending while intentionally moderating growth in the underperforming Microfinance and Vehicle Finance segments.
Manappuram Finance Q1 FY2027 shows strong AUM growth of 57.2% YoY to ₹69,635 Cr, with PAT rising 341.4% YoY to ₹585 Cr. Strategy focuses on gold loan dominance and MFI book transition.
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.