Q2 2025 Manappuram Finance Ltd Earnings Call Transcript

Nov 05, 2024 / 11:30AM GMT

Release Date Price: ₹158.85 (+3.89%)

Transcript

Key Points

Positve

Manappuram Finance Ltd (BOM:531213) reported a net profit of INR 572 crores for the quarter, indicating financial resilience.
The company's consolidated assets under management (AUM) grew by 17.4% year-on-year, reaching INR 45,716 crores.
The gold loan business, which constitutes a significant portion of the AUM, saw a 17.1% year-on-year growth.
The company has implemented advanced tracking systems to improve collection efficiency, showing positive signs.
Manappuram Finance Ltd (BOM:531213) has a strong capital position with a capital adequacy ratio (CRAR) of 29.22%.

Negative

The microfinance subsidiary, Asirvad Microfinance, faced a ban on disbursements due to regulatory issues, impacting its operations.
The company's standalone gross non-performing assets (GNPA) increased to 2.42% from 1.96%, indicating asset quality concerns.
Higher credit costs have affected profitability in certain segments, particularly in microfinance.
The vehicle finance segment saw a rise in GNPA to 4.2%, reflecting challenges in asset quality.
The company is facing challenges in collections due to climate-related disruptions and economic conditions in rural areas.

Operator

Ladies and gentlemen, good day, and welcome to Manappuram Finance Q2 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Abhijit Tibrewal from Motilal Oswal. Thank you, and over to you, sir.

Abhijit Tibrewal

Motilal Oswal - Investor Relations

Thank you, Sudan. Good evening, everyone. Thank you for joining the Q2 and H1 FY25 earnings conference call of Manappuram Finance. We have with us today the senior management team, all Manappuram Finance, and some of each subsidiary's represented by Mr. V.P. Nandakumar, MD and CEO; Dr. Sumitha Nandan, ED; Ms. Bindu A.L., CFO; Mr. B.N. Raveendra Babu, MD, Asirvad Microfinance; Mr. Rajesh Namboodiripad, CFO, Asirvad Microfinance; Mr. Kamal Parmar, Head of Vehicle and Equipment Finance; Mr. Suveen P.S., CEO, Manappuram Home Finance; and Mr. Robin Karuvely, CFO, Manappuram Home Finance.

Now, I hand over the call to Mr. Nandakumar and other members of the senior management for the opening remarks, post which we will

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