Appointment of Secretarial Auditor subject to the approval of shareholders
Awaiting price reaction for this filing.
Manappuram Finance's Board approved audited Q4 and FY25 results along with several key decisions on May 9, 2025. The company declared an interim dividend of Rs. 0.50 (25%) per share on the Rs. 2 face value shares, with record date May 15, 2025. For FY25, consolidated total income rose to Rs. 10,074.94 crores (vs Rs. 8,920.09 crores in FY24, ~13% growth), but profit before tax fell sharply to Rs. 1,665.63 crores (vs Rs. 2,959.51 crores) and profit for the year dropped to Rs. 1,203.81 crores (vs Rs. 2,197.47 crores), mainly due to losses in the Microfinance segment. The Board also approved a Rs. 500 crore investment in Asirvad Micro Finance (subsidiary) via compulsorily convertible preference shares, appointed M/s. KSR & Co as Secretarial Auditors for FY26–FY30 (subject to shareholder approval), and revised remuneration for MD and Executive Director.
Sharp decline in profitability despite revenue growth is a negative signal for shareholders, but the continued dividend payout and AA+ credit rating provide some comfort. Subsidiary-level RBI restrictions have already been lifted, but ongoing weakness in the microfinance segment remains a watchpoint.