Manappuram Finance Q1 Consolidated Net Profit Soars 341% to ₹585 Crore; AUM Jumps 57%
Manappuram Finance reported a consolidated net profit of ₹585 crore for Q1 FY27, a 341.40% YoY increase. AUM grew 57.20% YoY to ₹69,635 crore. Gold loan AUM surged 97.9% YoY to ₹57,006 crore. Income from operations rose 34.1% YoY to ₹3,033 crore. NII increased 25% YoY to ₹1,759 crore.
The substantial increase in net profit and AUM, coupled with strong growth in the core gold loan business, indicates a significant positive impact on the company's financial performance and market position.
The company reported significant year-on-year growth in net profit and assets under management, along with positive commentary from the management regarding operational efficiency and subsidiary performance.
Manappuram Finance Limited announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27), reporting a significant year-on-year (YoY) growth in consolidated net profit after tax to ₹585 crore, a substantial increase of 341.40% from ₹132 crore in the same quarter last fiscal year.
The company's assets under management (AUM) also experienced robust growth, rising by 57.20% YoY to ₹69,635 crore during the quarter. The gold loan segment within AUM reached ₹57,006 crore, demonstrating a remarkable 97.9% YoY increase. Non-gold loan businesses constituted 18.14% of the total AUM, with Asirvad Microfinance contributing ₹21 crore in profit for the quarter.
Income from operations grew by 34.1% YoY to ₹3,033 crore in Q1 FY27, up from ₹2,262 crore in Q1 FY26. Net Interest Income (NII) saw a 25% YoY increase, reaching ₹1,759 crore in Q1 FY27 compared to ₹1,407 crore in the prior year's quarter. The company also expanded its branch network to 5,328 branches as of June 30, 2026.
Mr. V.P. Nandakumar, Chairman and Managing Director, highlighted the company's robust loan growth and stable asset quality in Q1 FY27, attributing the positive results partly to Asirvad Microfinance's return to profitability. He noted the crucial role of gold loans in supporting overall bank credit growth and expressed confidence in maintaining growth momentum despite funding challenges. Mr. Nandakumar also acknowledged the concern over gold price volatility but emphasized that Manappuram Finance achieved remarkable growth through operational efficiency, cost reduction, digitalization, and market expansion. He further stated that all subsidiary units are in good financial health and are expected to perform better with an improving business environment.
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