Manappuram Finance Q4 FY26 Results: Profit At ₹404 Crore; ₹0.50 Dividend Announced

Manappuram Finance Ltd posted a turnaround in its March quarter performance, reporting a consolidated net profit of ₹404 crore for Q4 FY26, compared with a loss of ₹191 crore in the same period last year.

Total income rose 11% year-on-year (YoY) to ₹2,626 crore, pointing to steady traction in its lending business.

The market reacted positively. Shares of the company closed 3.67% higher at ₹305.15 on Monday, 4 April, doing better than the Nifty 50, which gained 0.51% on the day.

However, on 5 April, Mannapuram Finance Ltd shares opened lower before recovering early losses to trade around ₹305.20 at 10:00 AM.

What Drove The Turnaround This Quarter?

A key driver was the gold loan segment, which saw a sharp pickup. As gold prices moved up, demand for loans backed by gold also increased. Disbursements in this segment rose to ₹2,331 crore during the quarter, more than double the ₹990 crore seen a year earlier.

Revenue from operations came in at ₹2,613 crore, up about 10% year-on-year. Sequentially, profit also improved, rising from ₹238 crore in the December quarter, suggesting better operating momentum.

That said, the performance was not uniform across businesses. The microfinance business witnessed a sharp drop with its revenue declining to ₹294 crore from ₹1,372 crore the previous year.

Q4 Numbers At A Glance

• Profit stood at ₹404 crore versus a loss of ₹191 crore last year.

• Total income increased to ₹2,626 crore, up 11% year-on-year.

• Revenue from operations was about ₹2,613 crore, up around 10%.

• Profit rose nearly 69% from ₹238 crore in Q3 FY26.

• Net interest income stayed close to ₹1,404 crore.

• Gold loan disbursements climbed to ₹2,331 crore from ₹990 crore.

• Microfinance revenue declined to ₹294 crore from ₹1,372 crore.

• Interim dividend declared at ₹0.50 per share, with 11 May as the record date.

Also Read - Tata Technologies Q4 FY26 Results: Net Profit Surges 30x Sequentially; Revenue Jumps 22% YoY

Does The SEBI Warning Change Anything?

The company also shared that its managing director, V P Nandakumar, received a warning from the Securities and Exchange Board of India on 27 April. The issue relates to a delay in the disclosure of share encumbrances in September 2018.

The delay was about seven days, which was flagged as a regulatory lapse. However, the company said the matter is personal to Nandakumar and does not have any financial impact. No penalty has been imposed.

The latest numbers show a recovery led by gold loans, while microfinance remains a weak spot. The coming quarters will indicate whether this improvement can hold as conditions shift.

Sources

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