Manappuram Finance Q3 PAT slides 52% to Rs 278 crore 

Manappuram Finance Ltd. for the third quarter reported 52% drop in consolidated net profit (before OCI and minority interest) to ₹278.46 crore from ₹575.31 crore in the year ago period.

Consolidated income from operations for the period ended December 31, 2025 grew 11.04% to ₹2,559.72 crore from ₹2,305.28 crore in the same period last year.

The Gold Loan AUM increased by 18.05% for the quarter to ₹24,504.30 crore as compared with ₹20,757.88 crore a year ago.

On a standalone basis, the NBFC has reported a 5.78% growth in net profit (before OCI) at ₹453.39 crore over ₹428.62 crore a year ago.

The Assets Under Management (AUM) for the quarter showed a healthy increase of 18.31%, reaching ₹32,426.13 crore over ₹27,407.11 crore in the year ago period.

The company’s board has also declared interim dividend of ₹1 per equity share of face value ₹2.

V.P. Nandakumar, MD and CEO of Manappuram Finance Ltd, said, “The business continues to grow despite some headwinds affecting PAT. Our subsidiary, Asirvad Microfinance Ltd, faced a decline in AUM for the quarter under review due to regulatory pressures.”

“However, in January 2025, the RBI lifted its cease-and-desist sanctions on loans. This move by the RBI will smoothen and reinvigorate our operations, the effects of which will be seen in the forthcoming quarters,” he said.

The company reported capital adequacy ratio of 29.88%. As of 31 December 2024, the company’s consolidated net worth stood at ₹12,776.25 crore.

Despite regulatory challenges related to Asirvad, the company said it successfully raised a fresh term loan of ₹1,400 crore from banks during the quarter. “Raising such a loan demonstrates the company’s continued strong market standing,” Mr Nandakumar said.

In the vehicle finance business the company reported an AUM of ₹5,085 crore, up 41.3% Year on Year. Collection efficiency for the quarter stood at 94%, while GNPA was at 5%. The home loans business had a total book size of ₹1,778 crore, up 25.7% Year on Year.