THRISSUR: Manappuram Finance Ltd reported a 222.9 per cent year-on-year increase in consolidated net profit to Rs701 crore for the quarter ended September 30, 2026, against Rs217 crore in the corresponding quarter of the previous financial year.
Consolidated revenue from operations rose 46.2 per cent to Rs3,356 crore in the second quarter of FY27, compared with Rs2,296 crore a year earlier.
The company's consolidated assets under management (AUM) grew 60.1 per cent year-on-year to Rs73,303 crore as on September 30, 2026. Gold loan AUM increased 92.5 per cent to Rs60,640 crore, accounting for the bulk of the consolidated portfolio. Non-gold businesses contributed 17.27 per cent of total AUM.
Gold tonnage stood at 70 tonnes, marking an increase of 22 per cent year-on-year and 3.5 per cent sequentially. The company's customer base grew 2.3 per cent sequentially to 46.9 lakh.
Ashirvad Micro Finance
Asirvad Micro Finance Ltd, Manappuram's microfinance subsidiary, reported a profit of Rs32 crore for the quarter, with AUM of Rs7,919 crore as on September 30, 2026.
For the first half of FY27, consolidated net profit rose to Rs1,286 crore from Rs350 crore in the corresponding period last year. Consolidated revenue from operations increased to Rs6,403 crore from Rs4,546 crore.
The company's consolidated branch network stood at 5,375 as on September 30, 2026.
The board has declared an interim dividend of Rs1 per equity share of face value Rs2 for FY27.
V.P. Nandakumar, chairman and managing director of Manappuram Finance, said the company had delivered strong growth in profitability and AUM during the quarter. He said the outlook for the gold loan business remained positive and that the company was confident of achieving its targets for the current financial year.
