Manappuram Finance reported a 41 per cent year-on-year (yoy) jump in first quarter (Q1FY27) standalone net profit at ₹552 crore against ₹392 crore in the year ago quarter on the back of strong growth in net interest income and assets under management, and dip in fees & commission expenses.The Valpad (Kerala) – headquartered gold loan company’s board on Tuesday approved an interim dividend of Re 1 per equity share of ₹2 face value each.Further, the Board gave its nod to raising of funds, including by way of issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers, as part of the proposed enhancement of the borrowing limits of the Company to ₹1 lakh crore.The Board also approved the appointment of Ashish Singh as the Managing Director & Chief Executive Officer (MD & CEO) and Key Managerial Personnel of the Company with effect from January 01, 2027, for a period of five years, subject to shareholder approval.“Singh is a seasoned banker with over 25 years of experience in the retail banking space, with particular focus on rural lending businesses and retail liabilities. In his latest stint, he has been Head of Retail Liabilities at IDFC FIRST Bank,” the non-banking finance company (NBFC) said in a regulatory filing..Simultaneously, the board greenlighted the continuation of V.P. Nandakumar as the Managing Director and Chairperson of the Company up to December 31, 2026, and his redesignation as Non-Executive Chairperson of the Board with effect from January 1, 2027.In the reporting quarter, the NBFC’s net interest income (difference between interest earned and finance costs) rose 33 per cent yoy to ₹1,464 crore (₹1,104 crore in Q1FY26). Fees & commission expenses declined 27 per cent yoy to ₹16 crore (₹22 crore).Impairment provisions under the expected credit loss framework more than doubled to ₹149 crore (₹72 crore).Standalone assets under management jumped 71 per cent yoy to ₹60,971 crore as at June-end 2026.Published on August 11, 2026