MANAPPURAM Manappuram Finance Q1 FY26 results (Apr–Jun 2025) and concall
Manappuram is undergoing a strategic pivot to de-risk its balance sheet by increasing its gold loan mix to 75% and reducing unsecured microfinance exposure to below 10%. While consolidated profitability returned this quarter, the company is sacrificing margins (yields down 150bps) to regain gold loan market share. Microfinance remains a drag with a ₹267 crore loss, though management signals that the worst of the credit cycle is over.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 1,748 | 1,799 | 1,739 | 1,743 |
| Net profit | 475 | 453 | 414 | 392 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
