Manappuram Finance Limited Q1 FY26 earnings call summary

Earnings call of 8 Aug 2025, summarised by AI from the filing.

Manappuram Finance Q1 FY26 consolidated PAT ₹132.5 cr vs loss of ₹203.2 cr in Q4 FY25; gold loan yield cut to 20.7% to match market.

Key takeaways

1. Consolidated PAT ₹132.5 cr in Q1 FY26, compared to a loss of ₹203.2 cr in Q4 FY25.
2. Gold loan yield Management plans to bring gold loan yield on par with leading players in 4 to 6 quarters, in a calibrated manner.
3. Gold loan share Gold loan portfolio rose to 65% of consolidated AUM from 59.5% in Q4 FY25.
4. Growth driver Gold loan growth driven by high-ticket customers and pricing strategy to match market.
5. Risk Microfinance sector stress from borrower over-leverage and defaults impacted profitability.

Original filing on BSE

Manappuram Finance Limited Q1 FY27 results

As filed: Revenue ₹3,034 cr (+34% year on year), EBITDA ₹2,128 cr (+107% year on year), PAT ₹585 cr (+300% year on year), EBITDA margin 70.1% (+1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹2,614 cr (+11% year on year), EBITDA ₹1,737 cr (+141% year on year), PAT ₹405 cr, EBITDA margin 66.4% (+1,000 bps). Score 77 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it. EBITDA margin rose 1000 bps year on year. Share price after the results: +2.2% in 30 days (Nifty 500: −1.7%).
• Q3 FY26: Revenue ₹2,353 cr (−8% year on year), EBITDA ₹1,320 cr (−4% year on year), PAT ₹239 cr (−14% year on year), EBITDA margin 56.1% (+264 bps). Score 44 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 264 bps year on year. Share price after the results: +0.6% in 29 days (Nifty 500: +0.1%).
• Q2 FY26: Revenue ₹2,283 cr (−13% year on year), EBITDA ₹1,255 cr (−28% year on year), PAT ₹217 cr (−62% year on year), EBITDA margin 55.0% (−1,000 bps). Score 24 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 1000 bps year on year. Share price after the results: +3.7% in 29 days (Nifty 500: +0.4%).
• Q1 FY26: Revenue ₹2,262 cr (−9% year on year), EBITDA ₹1,029 cr (−37% year on year), PAT ₹132 cr (−76% year on year), EBITDA margin 45.5% (−1,000 bps). Score 15 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 1000 bps year on year. Tax rate -30%. Revenue fell 4% from last quarter. Share price after the results: +10.1% in 28 days (Nifty 500: +1.7%).
• Q4 FY25: Revenue ₹2,360 cr (0% year on year), EBITDA ₹721 cr (−55% year on year), PAT −₹203 cr (−136% year on year), EBITDA margin 30.6% (−1,000 bps). Score 8 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 1000 bps year on year. Revenue fell 8% from last quarter. Revenue rose ₹0.0 cr on a year ago, against ₹597 cr the year before. Share price after the results: +8.3% in 28 days (Nifty 500: +6.9%).
• Q3 FY25: Revenue ₹2,560 cr (+11% year on year), EBITDA ₹1,368 cr (−13% year on year), PAT ₹278 cr (−52% year on year), EBITDA margin 53.4% (−1,000 bps). Score 6 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 1000 bps year on year. Consolidated profit -52% but standalone +6%. Profit fell 51% from last quarter. Revenue rose ₹255 cr on a year ago, against ₹591 cr the year before.
• Q2 FY25: Revenue ₹2,633 cr (+22% year on year), EBITDA ₹1,742 cr (+18% year on year), PAT ₹572 cr (+2% year on year), EBITDA margin 66.2% (−255 bps). Score 50 of 100, In line with trend. EBITDA margin fell 255 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Manappuram Finance Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (11 Aug 2026), Results deck (11 Aug 2026)
• Q1 FY26: Earnings call (8 Aug 2025)