Manappuram Finance Limited has informed the Exchange that Record date for the purpose of Dividend is 15-May-2025.
MANAPPURAM · price
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The board of Manappuram Finance approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Consolidated total income for FY25 rose to Rs. 10,074.94 crores from Rs. 8,920.09 crores a year earlier, but net profit fell sharply to Rs. 1,203.81 crores from Rs. 2,197.47 crores, largely dragged by a Rs. 574.60 crore loss in the Microfinance subsidiary (Asirvad). The board declared an interim dividend of Rs. 0.50 per share (25%) on a face value of Rs. 2, taking the total FY25 dividend to Rs. 1.50 per share (a Rs. 1 dividend was already paid in February 2025). The record date is fixed at May 15, 2025. The board also approved up to Rs. 500 crore investment in Compulsorily Convertible Preference Shares of Asirvad, revision in remuneration of the MD and Executive Director, and appointment of a new secretarial auditor for 5 years.
Short-term positive for shareholders due to the dividend declaration, but profitability has weakened significantly year-on-year, with the microfinance arm in losses. The Rs. 500 crore further infusion into Asirvad signals management's commitment to revive the subsidiary, but it limits near-term capital flexibility.