Manappuram Finance on August 8 reported a net profit of Rs 138 crore for the April-June quarter of the financial year 2026. This marks a 75 percent on-year drop from the Rs 555 crore net profit reported in the year-ago period.
The firm’s revenue from operations meanwhile dropped 9 percent on-year to Rs 2,262 crore. The revenue generated by its gold loan segment rose 10 percent on-year to Rs 1,904 crore, while that of the micro finance segment sharply dropped more than 53 percent on-year to Rs 361 crore.
Gold loans generated a profit before tax (PBT) of Rs 538.79 crore in Q1 FY26, as against Rs 618.83 crore in the year ago-period. Micro-finance segment however reported a loss before tax of Rs 437 crore in Q1 FY26, as against a profit of Rs 775 crore in Q1 FY25.
Along with the Q1 results, Manappuram Finance announced an interim dividend of Rs 0.50 per share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on August 14.
The company also announced the appointment of Managing Director V. P. Nandakumar as the Chairman of the board, effectively from August 28. He will replace Shailesh Jayantilal Mehta who will retire on August 27.
"After completion of his second term as Independent Director of the Company (pursuant to Companies Act, 2013 read with Listing Regulations), Dr Mehta will take a well-deserved retirement on August 27, 2025 (end of business hours)," the firm said in its exchange filing.
The results were announced in the post market hours of August 8. The shares of the company had dropped 1.4 percent during the day to close at Rs 257.35 apiece on NSE. The stock currently has a P/E ratio of 18.34, and has gained nearly 26 percent in the past six months.
The stock will be kept under active watch when the market reopens on August 11.
Also read: SBI Q1 net profit rises 12% to Rs 19,160 crore, beats estimates
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