Manappuram Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on August 08, 2025.
MANAPPURAM · price
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Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations fell to Rs. 2,305.20 crore from Rs. 2,511.93 crore a year ago (about 8% decline). Consolidated profit after tax dropped sharply to Rs. 182.41 crore from Rs. 636.41 crore (around 71% fall), mainly due to a Rs. 437.27 crore pre-tax loss in the Microfinance segment driven by subsidiary Asirvad Micro Finance. Standalone numbers were steadier with PAT of Rs. 392.11 crore. The Board declared an interim dividend of Rs. 0.50 (25%) per share on a Rs. 2 face value, with record date August 14, 2025. Mr. V. P. Nandakumar (MD) will take over as Chairman from August 28, 2025 after Dr. Shailesh Mehta retires.
Sharp consolidated profit decline and a large loss in the microfinance arm are negatives for the stock in the near term, though the gold loan core business remains profitable and the dividend offers some support. Leadership continuity (MD elevated to Chairman) provides stability, but investors should watch for further stress in the Asirvad microfinance portfolio.