Manappuram Finance Limited has informed the Exchange about Transcript

Manappuram Finance posted a standalone PAT of INR 392.1 crore on revenue of INR 1,744.5 crore for Q1 FY26, while consolidated PAT recovered to INR 132.5 crore from a INR 203.2 crore loss in Q4 FY25, mainly because the Asirvad microfinance loss narrowed sharply to INR 267 crore from INR 624 crore. Gold loans remain the core engine, now 65% of consolidated AUM versus 59.5% in Q4 FY25, and management is consciously cutting gold loan yields (20.7% in Q1, down from 22.2%) to bring them on par with peers like Muthoot over the next 4-6 quarters. The company plans to raise gold loans to 75% of consolidated AUM and trim microfinance to 10%, while the Bain Capital deal has CCI approval and awaits NSE/BSE and RBI nods in the next 1-1.5 months. A INR 0.50 interim dividend was declared, and new CEO Deepak Reddy joined last week but declined to share strategy, saying he has only 5 days of experience. Vehicle finance GNPA rose to 9.2% and MSME continues to see stress, with the company tightening underwriting and shifting to higher ticket sizes.