Manappuram Finance Ltd's Q3FY25 Quarterly Results

Result Summary

• Manappuram Finance Ltd reported a 2.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.1%.
• Its expenses for the quarter were up by 1.7% QoQ and 17.4% YoY.
• The net profit decreased 51.3% QoQ and decreased 51.6% YoY.
• The earnings per share (EPS) of Manappuram Finance Ltd stood at 3.3 during Q3FY25.

Financial Statments for Q3FY25

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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 non-banking financial company (NBFC) based in India, primarily engaged in providing financial services such as gold loans, microfinance, housing loans, and commercial vehicle loans. The company operates in the financial services industry and is known for its extensive network of branches across the country, catering to a diverse clientele. As of the latest information, there are no major developments available for analysis. Manappuram Finance has a strong focus on leveraging its expertise in gold loan services, which forms a significant part of its operations.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Manappuram Finance Ltd reported a total income of ₹2,562.63 crores. This represents a 10.1% increase compared to the same quarter in the previous fiscal year (Q3FY24), where total income stood at ₹2,326.68 crores. However, when compared to the previous quarter (Q2FY25), there was a decline of 2.8% from ₹2,637.14 crores. The year-over-year growth indicates an upward trend in total income, while the quarter-over-quarter comparison shows a slight contraction in revenue for the current period under review.

Profitability

For the same quarter, the company's profit before tax (PBT) was reported at ₹376.06 crores, which is significantly lower than both the previous quarter's figure of ₹772.66 crores and the year-ago figure of ₹786.43 crores. This translates to a decline of 51.3% quarter-over-quarter and 52.2% year-over-year. The profit after tax (PAT) followed a similar trend, decreasing to ₹278.46 crores in Q3FY25 from ₹572.08 crores in Q2FY25 and ₹575.31 crores in Q3FY24, marking a decrease of 51.3% QoQ and 51.6% YoY. Earnings per share (EPS) also mirrored these declines, with the current quarter reporting at ₹3.30 compared to ₹6.80 in both the previous quarter and the same quarter a year ago, reflecting a 51.5% reduction QoQ and YoY.

Operating Metrics

The total expenses for Manappuram Finance Ltd in Q3FY25 amounted to ₹1,631.95 crores, representing an increase of 17.4% year-over-year from ₹1,390.62 crores in Q3FY24. On a quarterly basis, there was a 1.7% rise in expenses from ₹1,604.06 crores in Q2FY25. This indicates a trend of increasing operational costs over both time frames. The tax expenses also decreased in line with the reduced profitability, falling by 51.3% QoQ and 53.8% YoY to ₹97.60 crores in Q3FY25 from ₹200.58 crores in Q2FY25 and ₹211.12 crores in Q3FY24. These financial metrics highlight the operational changes and financial dynamics the company experienced during the quarter under review.