Manappuram Finance Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor subject to Shareholders Approval'.
MANAPPURAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manappuram Finance's board approved audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated total income rose to Rs. 10,074.94 cr (from Rs. 8,920.09 cr in FY24, up ~13%), but profit after tax fell sharply to Rs. 1,203.81 cr (from Rs. 2,197.42 cr, down ~45%) due to a Rs. 811 cr loss in the Microfinance segment driven by a steep jump in impairment provisions (Rs. 1,775 cr vs Rs. 246 cr). The Gold loan segment remained healthy with PBT of Rs. 2,476 cr. Standalone PAT grew modestly to Rs. 1,743 cr. The board declared an interim dividend of Rs. 0.50 (25%) per share with record date May 15, 2025, approved up to Rs. 500 cr investment into subsidiary Asirvad Micro Finance via CCPS, revised remuneration for MD and Executive Director, and appointed KSR & Co as Secretarial Auditor for 5 years. Auditors gave an unmodified opinion but flagged two emphasis-of-matter items: a Rs. 19.78 cr embezzlement at subsidiary Manappuram Comptech, and the RBI's now-lifted cease-and-desist order on Asirvad Micro Finance.
The sharp drop in consolidated PAT and large Microfinance losses are negatives that may weigh on near-term sentiment, though the Gold loan core business remains stable and the dividend provides some support. The lifted RBI restriction and AA+ rating are positives. Shareholders should watch for further clarity on Microfinance recovery.