Manappuram Finance Limited has informed the Exchange that Board of Directors at its meeting held on August 08, 2025, declared Interim Dividend of Rs. 0.5 per equity share.
MANAPPURAM · price
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Manappuram Finance's board met on August 8, 2025, and approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results along with an interim dividend of Rs. 0.50 (25%) per equity share on a face value of Rs. 2. The record date for the dividend is August 14, 2025. Consolidated profit before tax dropped sharply to Rs. 101.52 crore from Rs. 752.80 crore in the same quarter last year, and total income declined to Rs. 2,262.39 crore from Rs. 2,511.93 crore year-on-year. Standalone net profit after tax also fell to Rs. 392.11 crore (EPS Rs. 4.63) from Rs. 573.31 crore (EPS Rs. 6.66) a year ago. The board also approved the elevation of Managing Director V.P. Nandakumar as Chairman effective August 28, 2025, following the retirement of current Chairman Dr. Shailesh Jayantilal Mehta. Several changes were made to the Senior Management Personnel list due to resignations and departmental restructuring.
Shareholders will receive a modest interim dividend of Rs. 0.50 per share, but the sharp year-on-year decline in profitability—driven by weak performance in the microfinance segment (which posted a Rs. 437.27 crore loss before tax)—is a concern and may weigh on the stock. The leadership transition with the MD taking over as Chairman provides continuity but is also a notable governance change to watch.