Asirvad Microfinance achieved a significant financial turnaround in the quarter ended June 2026, reporting a standalone net profit of ₹20.73 crore compared to a net loss of ₹268.61 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a dramatic improvement in the company's financial performance, marking a complete reversal from losses to profitability.
The company's sales revenue increased by 1.16% to ₹378.14 crore in Q1 FY27, as compared to ₹373.81 crore recorded in the same quarter of the previous financial year. As reported by Business Standard, this modest revenue growth demonstrates the company's ability to maintain business momentum despite challenging market conditions.
The company's operating profit margin (OPM) improved significantly to 51.30% in the June 2026 quarter, compared to -65.99% in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this substantial improvement in operational efficiency contributed to the overall profitability turnaround.
PBDT (Profit Before Depreciation and Tax) stood at ₹44.74 crore in the June 2026 quarter, while PBT (Profit Before Tax) was ₹27.70 crore. As reported by Business Standard, these figures demonstrate the company's operational recovery and improved financial management during the quarter.
Asirvad Microfinance operates as a subsidiary of Manappuram Finance Limited, managing ₹10,070.50 crore in micro-credit assets across joint liability group (JLG) borrowing structures. The subsidiary maintains a standalone capital adequacy ratio of 22.80%, supporting its micro-lending operations while demonstrating strong asset quality with a Stage 3 Assets Ratio of 2.85%. The company operates through 1,720 branches across 22 states, serving 3.2 million women borrowers with a diversified geographical presence across southern, northern, western, and eastern regions.
