Manappuram Finance Limited has informed the Exchange about change in Management
MANAPPURAM · price
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On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manappuram Finance reported its Q1 FY26 (quarter ended June 30, 2025) unaudited consolidated results with total revenue from operations of Rs. 2,262.39 crores, down about 10% from Rs. 2,511.93 crores a year ago. Consolidated profit after tax fell sharply to around Rs. 553 crores from Rs. 1,208 crores in Q1 FY25, a drop of over 50% year-on-year. The Microfinance segment reported a loss of Rs. 437 crores (versus a profit of Rs. 132 crores last year), dragging overall numbers, while the core Gold Loan segment remained healthy with Rs. 539 crores in segment profit. Standalone PAT was Rs. 392 crores with EPS of Rs. 4.63. The Board declared an interim dividend of Rs. 0.50 per share (25% on face value of Rs. 2), record date August 14, 2025. Additionally, current Chairman Dr. Shailesh Mehta will retire on August 27, 2025 after completing his second term as Independent Director, and Managing Director V.P. Nandakumar will take over as Chairman effective August 28, 2025.
The sharp PAT decline and Microfinance segment loss are negative signals and may weigh on the stock, though core Gold Loan business and comfortable capital adequacy (24.77%) provide stability. The interim dividend and continuity in leadership (MD becoming Chairman) are positives for shareholders.