Manappuram Finance (531213) investor relations material

Executive summary

• Consolidated AUM reached INR 69,635 crore, up 9% QoQ and 57.2% YoY, led by gold loans which now constitute 82% of AUM.

• PAT for Q1 FY27 was INR 585 crore, up 45% QoQ and 341.4% YoY, with ROE at 14.3% and ROA at 3.54%.

• Revenue from operations rose to INR 3,034 crore, up 16% QoQ and 34% YoY.

• Strategic focus remains on gold loans, technology, risk management, and major branch expansion.

• Interim dividend of INR 1 per share declared for FY 2026-27.

Financial highlights

• Standalone AUM reached INR 60,971 crore, up 9% QoQ and 70.8% YoY; standalone PAT was INR 552 crore, up 47% QoQ and 41% YoY.

• Consolidated revenue from operations for Q1 FY27 was INR 3,034 crore, with PAT at INR 585 crore.

• Asirvad Microfinance AUM stood at INR 7,188 crore, up 5.8% QoQ and 7.2% YoY, with PAT of INR 21 crore.

• Vehicle finance AUM declined 14.3% QoQ and 43% YoY, with GNPA elevated at 13.3%.

• Home loan book was INR 1,847 crore, flat QoQ and down 3% YoY.

Outlook and guidance

• Gold loan AUM expected to grow 25%-30% in FY 2027, with yields maintained around 18% (+/- 25 bps).

• ROA targeted at 3.5%-4% and ROE at 15%-18%, aiming for 18% ROE in three years.

• Microfinance to be contained below 10% of consolidated AUM, with focus on asset quality.

• No new vehicle loans to be disbursed in FY 2027; review planned for FY 2028.

• Enhanced borrowing limits and ongoing capital raising initiatives to support growth.