Manappuram Finance's Q1 FY 2025-26 Quarterly Results

Result Summary

• Manappuram Finance Ltd reported a 4.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 9.8%.
• Its expenses for the quarter were up by 12.3% QoQ and 4.8% YoY.
• The net profit decreased 76.5% QoQ and decreased 76.2% YoY.
• The earnings per share (EPS) of Manappuram Finance Ltd stood at 1.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Manappuram Finance Ltd is a prominent Indian non-banking financial company (NBFC) primarily engaged in providing gold loans and other financial services. The company has established a significant presence in the financial services sector by catering to the credit needs of various customer segments. In addition to gold loans, Manappuram offers various financial products, including microfinance, vehicle loans, and insurance brokerage services. As of the latest available data, Manappuram Finance Ltd continues to focus on expanding its reach and enhancing its service offerings. However, detailed information on any specific recent developments is not available in the provided data.

Revenue

In Q1FY26, Manappuram Finance Ltd reported a total income of ₹2,264.94 crores, reflecting a 4.1% decrease from the previous quarter, Q4FY25, where the total income was ₹2,362.22 crores. When compared to the same quarter in the previous year, Q1FY25, the total income decreased by 9.8%, from ₹2,511.93 crores. This decline in revenue on both a quarter-over-quarter and year-over-year basis indicates challenges in income generation during this period. The quarterly and yearly reductions in revenue underscore a period of financial adjustment for the company.

Profitability

The Profit Before Tax (PBT) for Q1FY26 was ₹101.52 crores, marking a significant decline of 86.4% from Q4FY25, where the PBT stood at ₹745.52 crores. Compared to Q1FY25, the PBT decreased by 86.5% from ₹752.80 crores. Correspondingly, the Profit After Tax (PAT) for Q1FY26 was ₹132.47 crores, which is a decrease of 76.5% from the previous quarter and a 76.2% decrease year-over-year. The Earnings Per Share (EPS) also saw a notable decrease to ₹1.60 in Q1FY26, down 76.1% from Q4FY25 and 75.8% from Q1FY25. These declines highlight a period of reduced profitability for Manappuram Finance Ltd during this quarter.

Operating Metrics

Total expenses for Manappuram Finance Ltd in Q1FY26 were ₹1,604.05 crores, representing a 12.3% increase from the previous quarter, Q4FY25, where expenses were ₹1,428.88 crores. Compared to the same quarter of the previous year, Q1FY25, the expenses increased by 4.8% from ₹1,530.57 crores. The tax expense for Q1FY26 was negative at ₹-30.95 crores, a significant shift from the positive tax figures in Q4FY25 and Q1FY25, which were ₹182.03 crores and ₹196.28 crores, respectively. This reversal in tax expense is an important anomaly in the financial data for this period.