Pune : NBFC major, Manappuram Finance Ltd, on a standalone basis, has reported a 5.78% increase in PAT (before OCI), reaching ₹453.39 crore for Q3 of FY25. In the comparable Q3 of FY24, the company had recorded ₹428.62 crore. The Assets Under Management (AUM) for Q3 FY25 showed a healthy increase of 18.31%, reaching ₹32,426.13 crore, while in Q3 FY24, it stood at ₹27,407.11 crore.
The company’s board has also declared interim dividend of Re.1 per equity share of face value Rs.2.
On a consolidated basis, there was an 11.04% increase in income from operations for Q3 of FY25, reaching ₹2,559.72 crore. In the comparable Q3 of FY24, the company had recorded ₹2,305.28 crore. On the other hand, PAT (before OCI and minority interest) declined by 51.60% for Q3 of FY25 to ₹278.46 crore. In Q3 FY24, PAT was ₹575.31 crore. The Gold Loan AUM increased by 18.05% for Q3 FY25 to ₹24,504.30 crore, while in the comparable quarter of FY24, it stood at ₹20,757.88 crore.
During the quarter under consideration, the number of company branches increased by 1.34% to 5,357. In Q3 FY24, the company had 5,286 branches. The total number of employees also increased by 8.05%, reaching 50,795, compared to 47,013 in Q3 FY24. The total number of live gold loan customers stood at 2.47 million for the quarter under consideration, marking a 5.16% increase. In Q3 FY24, the figure was 2.35 million.
Sharing his perspective on the financial results, Mr V.P. Nandakumar, MD and CEO of Manappuram Finance Ltd, said: “On a consolidated basis, income from operations for the quarter has seen an 11.04% increase, which is a positive sign. The business continues to grow despite some headwinds affecting PAT. The AUM has also seen a healthy 18.31% rise, while the Gold Loan AUM has jumped by 18.05%. Our subsidiary, Asirvad Microfinance Ltd, faced a decline in AUM for the quarter under review due to regulatory pressures. However, in January 2025, the RBI lifted its cease-and-desist sanctions on loans. This move by the RBI will smoothen and reinvigorate our operations, the effects of which will be seen in the forthcoming quarters,” he said.
The company’s capital position remains robust, with a capital adequacy ratio of 29.88%. As of 31 December 2024, the company’s consolidated net worth stood at ₹12,776.25 crore. Despite regulatory challenges related to Asirvad, the company successfully raised a fresh term loan of ₹1,400 crore from banks in Q3 FY25. Raising such a loan demonstrates the company’s continued strong market standing, Mr Nandakumar added.
In the vehicle finance business for Q3 FY25, Manappuram has reported an AUM of ₹5,085 crore, reflecting a 4.9% quarter-on-quarter rise and a 41.3% increase year-on-year. Collection efficiency for the quarter stood at 94%, while GNPA was at 5%. The home loans business had a total book size of ₹1,778 crore, reflecting a 5.1% quarter-on-quarter rise and a 25.7% year-on-year increase.
About Manappuram Finance Ltd.
Manappuram Finance Ltd. is one of India’s leading gold loans NBFCs engaged in providing finance against used household gold ornaments. Incorporated in 1992, the company has been promoted by Mr. V.P. Nandakumar (current MD & CEO) whose family has been involved in gold loans since 1949. It is headquartered at Valapad in the Thrissur District of Kerala. The company went public in August 1995 and its shares are listed on the stock exchanges
