Manappuram Finance logs 41% jump Q1FY27 standalone net profit at ₹552 crore

Manappuram Finance posted a 41 % year‑on‑year rise in Q1FY27 standalone net profit, reaching ₹552 crore compared with ₹392 crore in the same quarter last year, driven by higher net interest income, growth in assets under management, and lower fees & commission expenses.

The board of the Valpad (Kerala)‑based gold‑loan firm approved an interim dividend of Re 1 per equity share (face value ₹2) on Tuesday.

Additionally, the board authorised raising capital—through listed Non‑Convertible Debentures/Bonds, Commercial Papers, or similar instruments—as part of a plan to increase the company’s borrowing limit to ₹1 lakh crore.

The board also appointed Ashish Singh as Managing Director and Chief Executive Officer (MD & CEO), as well as Key Managerial Personnel, effective 1 January 2027, for a five‑year term, pending shareholder consent.

“Singh brings more than 25 years of retail‑banking expertise, especially in rural lending and retail liabilities. Most recently he headed Retail Liabilities at IDFC FIRST Bank,” the NBFC stated in a regulatory filing.

At the same time, the board decided to keep V.P. Nandakumar as Managing Director and Chairperson until 31 December 2026, and to re‑designate him as Non‑Executive Chairperson of the board from 1 January 2027.

During the quarter, the NBFC’s net interest income (interest earned minus finance costs) climbed 33 % year‑on‑year to ₹1,464 crore (₹1,104 crore in Q1FY26), while fees & commission expenses fell 27 % year‑on‑year to ₹16 crore (₹22 crore).

Impairment provisions under the expected credit loss framework more than doubled to ₹149 crore (₹72 crore).

Standalone assets under management surged 71 % year‑on‑year to ₹60,971 crore as of the end of June 2026.

Published on August 11, 2026