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The Economic Times
The Economic Times

Manappuram Finance Q1 Results: Profit soars four-fold to Rs 585 crore

Gold loan NBFC Manappuram Finance on Tuesday reported a more than four-fold increase in consolidated profit to Rs 585 crore for the first quarter ended June 30, 2026.

The company had posted a profit of Rs 132 crore in the corresponding quarter of the previous year.

Total income rose to Rs 3,040 crore for the quarter under review from Rs 2,265 crore in the April-June quarter of FY26, Manappuram Finance said in a regulatory filing.

The NBFC's interest income rose to Rs 2,998 crore compared with Rs 2,201 crore in the same quarter of the previous fiscal year.

Net Interest Income (NII) stood at Rs 1,759 crore in Q1 FY27, registering 25 per cent growth compared with Rs 1,407 crore in Q1 FY26.

At the same time, total expenses increased to Rs 2,259 crore as against Rs 2,163 crore reported in the first quarter of the previous financial year.

The board declared an interim dividend of 50 per cent or Rs 1 per equity share of face value of Rs 2 each.

The company's assets under management (AUM) increased 57 per cent to Rs 69,635 crore during the quarter under review.

During the June quarter, the company's gold loan AUM reached Rs 57,006 crore, registering a growth of 97.9 per cent.

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