Earnings Review
Fall in interest income weighs on Manappuram Finance Q3 PAT
This story was originally published at 20:22 IST on 29 January 2026
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--Manappuram Fin Oct-Dec consol net profit INR 2.41 bln
--Manappuram Fin Oct-Dec consol revenue INR 23.53 bln
--Manappuram Fin Oct-Dec consol PAT INR 2.41 bln vs INR 2.82 bln yr ago
--Manappuram Fin Oct-Dec consol revenue INR 23.5 bln vs INR 25.6 bln yr ago
--Manappuram Fin to pay INR 0.50 per share interim dividend
--Manappuram Fin interim dividend record date is Feb 6
--Manappuram Fin Apr-Dec consol PAT INR 5.99 bln vs INR 14.07 bln yr ago
--Manappuram Fin Apr-Dec consol revenue INR 68.89 bln vs INR 76.81 bln yr ago
By Suryash Kumar
MUMBAI – Manappuram Finance Ltd. posted a double-digit on-year fall in consolidated net profit for the December quarter owing to a decline in its interest income. The Kerala-headquartered non-banking finance company's consolidated net profit for the quarter was INR 2.41 billion, down nearly 15% on year.
The decline in the company's consolidated net profit was in line with brokerage estimates as the cut in gold loan interest rates was expected to hit the bottom line. The non-bank lender's interest income for the quarter was INR 22.44 billion, down nearly 11% on year.
Manappuram Finance's consolidated assets under management in the December quarter were INR 521.25 billion, up nearly 14% on quarter. Its consolidated gold loan AUM was INR 387.54 billion, up over 58% on year and 23% on quarter. The company's net interest income was flat sequentially while falling nearly 14% on year to INR 14.08 billion.
The company's total expenses for the December quarter declined to INR 20.56 billion from INR 21.87 billion a year ago. Its profit was also supported by a deferred tax gain of INR 786 million. Without this, the company's net profit would have fallen further to INR 1.63 billion. Manappuram Finance's average loan size increased to INR 101,100, against INR 83,100 in the previous quarter.
The non-bank lender's total revenue from operations for the nine months ended Dec. 31 was INR 68.89 billion, down over 10% on year. Its net profit for the period fell to INR 5.99 billion from INR 14.07 billion a year ago. End
Edited by Rajeev Pai
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