Manappuram Q1 results, Rs.1 dividend, Rs.1 lakh crore borrowing plan, new CEO
MANAPPURAM · price
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On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.9 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 Q1FY27 standalone revenue up 21% YoY to Rs.2,578 crore; PAT Rs.526 crore (up 9%). Board declared Rs.1 per share interim dividend (50 percent of face value). New MD and CEO Ashish Singh (ex-IDFC FIRST Bank) joins Jan 1, 2027. V.P. Nandakumar becomes Non-Executive Chair. Proposed borrowing limit enhancement to Rs.1,00,000 crore, subject to shareholder approval. Rs.125 crore extra ECL provision booked on model revision.
Strong revenue growth and interim dividend are positives; large borrowing plan and extra provisioning signal expansion with rising risk.