MANBA

What Manba Finance promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 3 delivered 3 missed 11 open
  • Cost of Borrowing delivered said Q1 FY26 Promised: reductions further 50 points to 1% rate of interest Q1 FY27: Promise remains achieved. The cost of borrowing in Q1 FY27 increased to 10.86% due to a strategy of holding higher liquidity, but the original target was met in FY26.
  • FY27 Profit After Tax (PAT) went quiet said Q1 FY26 Promised: INR 85-100 crore Q1 FY27: The revised FY27 PAT target of INR 65-70 crore was not reiterated. Instead, management guided for PAT growth similar to Q1's 36% YoY and a 3.5% ROA for FY27.
  • AUM YoY Growth Rate revised up said Q1 FY26 Promised: 30-35% every year Q1 FY27: Management guided for 35-40% AUM growth for FY27, a significant upward revision from the previous 25-30% guidance. Q1 FY27 YoY growth was 22%.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 17 tracked commitments for Manba Finance — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens