According to latest reports, Manappuram Finance Limited reported a consolidated net profit of ₹405 crore for Q4 FY26, marking a significant turnaround from a loss of ₹203 crore in the same period last year. The company's income from operations grew 10.7% to ₹2,614 crore compared to ₹2,361 crore in Q4 FY25. The NBFC's profit rose nearly 69% from ₹238 crore in Q3 FY26, demonstrating strong sequential momentum. Net interest income stayed close to ₹1,404 crore, maintaining steady lending business traction.
As reported by The Hindu BusinessLine, the company's gold loan AUM reached ₹50,953 crore in Q4, contributing significantly to the overall Assets Under Management (AUM) growth of 22.4% to ₹63,798 crore for the full fiscal year. This compares to ₹43,034 crore in FY25. The gold loan segment witnessed a sharp pickup with disbursements climbing to ₹2,331 crore during the quarter, more than double the ₹990 crore seen a year earlier. This surge was driven by rising gold prices and increased demand for loans backed by gold. The gold loan business recorded strong sequential growth of 31% QoQ, supported by higher ticket sizes and rising gold prices. The average ticket size of gold loans grew 68% YoY and 25% QoQ to ₹1,27,700 due to rising gold prices and shift to higher ticket size lending.
According to The Hindu BusinessLine, the Asirvad Microfinance business reported a profit of ₹13 crore in Q4, marking a significant recovery from previous challenges. This represents a substantial improvement from the sharp drop witnessed in the microfinance business with revenue declining to ₹294 crore from ₹1,372 crore the previous year. The recovery in this segment indicates divergence in business performance across different lending verticals is narrowing, with the microfinance business now contributing positively to overall profitability.
The company's board declared an interim dividend of ₹0.50 per equity share with record date set for May 11, 2026. Market response was positive with shares closing 3.67% higher at ₹305.15 on Monday, 4 April, outperforming the Nifty 50 which gained 0.51% on the day. However, on 5 April, shares opened lower before recovering early losses to trade around ₹305.20 at 10:00 AM. The company remains a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India, offering a wide range of products including gold loans, microfinance, housing finance, vehicle loans, and SME financing.
VP Nandakumar, Chairman and Managing Director, acknowledged the challenging operating environment during Q4 FY26, stating that the company performed well amidst various domestic and external headwinds including high gold prices, geopolitical tensions, supply-chain disruptions, slowing economic growth and volatile equity markets. Despite these challenges, the company registered remarkable growth during the period, which is clearly reflected in AUM growth. The core business of gold loan recorded good growth, majorly supported by growing credit demand and elevated gold prices, while asset quality also improved considerably, showing a significant fall in the NPA ratio.
