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NBFC firm Manappuram Finance reported a 222.9% year-on-year jump in consolidated net profit to ₹701 crore for the September quarter (Q2FY27), compared with ₹217 crore in the corresponding quarter last year.
Net interest income (NII) rose 44.7% to ₹1,959 crore from ₹1,354 crore a year ago. Consolidated revenue from operations increased 46.2% to ₹3,356 crore, compared with ₹2,296 crore in Q2FY26.
The gold loan-focused non-banking financial company’s consolidated assets under management (AUM) grew 60.1% year-on-year to ₹73,303 crore as of September 30, 2026. Gold loan AUM stood at ₹60,640 crore, up 92.5% from a year earlier. Non-gold loan businesses accounted for 17.27% of consolidated AUM.
Gold tonnage stood at 70 tonnes during the quarter, up 22% year-on-year and 3.5% sequentially. The company's customer base increased 2.3% sequentially to 46.9 lakh.
Asirvad Micro Finance, Manappuram's microfinance subsidiary, reported a profit of ₹32 crore for the quarter, with AUM of ₹7,919 crore as of September 30.
For the first half of FY27, consolidated net profit rose to ₹1,286 crore from ₹350 crore in the year-ago period. Revenue from operations increased to ₹6,403 crore from ₹4,546 crore.
The company's consolidated branch network stood at 5,375 as of September 30, 2026.
Separately, the board declared an interim dividend of ₹1 per equity share of face value ₹2 each for FY27.
Chairman and Managing Director V.P. Nandakumar said the company had delivered growth in profitability and AUM during the quarter, adding that the outlook for its gold loan business remained positive.
He said, "Looking ahead, the outlook for the gold loan business remains positive as we continue to strengthen the business to navigate future challenges. We are confident of achieving our targets for this fiscal year.”
Manappuram Finance shares ended nearly flat at ₹319.95 on the NSE on Thursday, ahead of the company's Q2FY27 earnings announcement.
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