VP Nandakumar
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Manappuram Finance Ltd has reported a 341.40 per cent year-on-year (YoY) growth in its consolidated net profit after tax to ₹585 crore. In the year-ago quarter, net profit stood at ₹132 crore.Assets under management (AUM) grew by 57.20 per cent to ₹69,635 crore during the quarter under review. In the June quarter, the company’s gold loan AUM reached ₹57,006 crore, registering year -on-year growth of 97.9%.Non-gold loan businesses accounted for 18.14 per cent of the total AUM. Asirvad Microfinance reported a profit of ₹21 crore during the quarter.The NBFC’s income from operations grew 34.1 per cent YoY to ₹3,033 crore in the quarter, compared with ₹2,262 crore in the same quarter of the previous fiscal year (Q1 FY26). Net Interest Income stood at ₹1,759 crore in Q1 FY27, registering 25 per cent YoY growth compared with ₹1,407 crore in Q1 FY26.VP Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said: “Volatility in gold prices was a serious concern that affected overall business sentiment. However, Manappuram Finance delivered remarkable growth during the quarter under consideration, driven by operational efficiency, cost reduction, digitalisation and expansion into newer markets. Apart from our core business, all the subsidiary units/businesses, including Asirvad Microfinance, are in good financial health at present, and we expect them to perform better as the overall business environment improves in the near to medium term.Published on August 11, 2026
