Earning Presentation for quarter and year ended 31-03-2026
MANBA · price
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Manba Finance, a 29-year-old NBFC focused on two-wheeler, three-wheeler, used car, small business, and personal loans, reported strong FY26 results. AUM grew 28.6% YoY to INR 17,127 Mn, driven by 31.3% dealer network expansion (1,596 dealers) and geographic expansion into Uttar Pradesh and Madhya Pradesh. Net Interest Income rose 24.3% to INR 1,616 Mn and PAT grew 20.1% to INR 454 Mn. Net Interest Margin stood at 13.63%, while cost of borrowings improved to 10.64%. Asset quality remained stable with GNPA at 3.33% and NNPA at 2.46%, though both ticked up slightly from FY25. The company signed a strategic MoU with TVS Motor Company to finance TVS three-wheelers pan-India and raised INR 4,197 Mn in Q4 including a INR 1,000 Mn term loan from SBI and INR 500 Mn NCD issuance.
Manba Finance delivered consistent growth across all key metrics with strong capital adequacy at 24.46%, positioning it well for continued expansion. The slight uptick in NPA levels warrants monitoring, but the diversified funding base and improving operational efficiency support the positive outlook.