MANAPPURAM Manappuram Finance Q2 FY26 results (Jul–Sep 2025) and concall
Manappuram Finance is undergoing a strategic transition, prioritizing gold loan growth to offset significant headwinds in its microfinance (Asirvad) and vehicle finance segments. The company is aggressively cutting gold loan rates to align with top-tier NBFC peers, targeting high-ticket customers to drive volume. While consolidated profits improved sequentially as MFI losses narrowed, asset quality stress in non-gold segments remains a key monitorable.
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What they filed
Q2 FY26: revenue up 4.1%, net profit down 20.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,748 | 1,799 | 1,739 | 1,743 | 1,820 +4% |
| Net profit | 475 | 453 | 414 | 392 | 376 −21% |
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.
