Q3 2025 Manappuram Finance Ltd Earnings Call Transcript

Feb 13, 2025 / 11:30AM GMT

Release Date Price: ₹194.25 (+1.33%)

Transcript

Key Points

Positve

Manappuram Finance Ltd (BOM:531213) reported a profit after tax excluding Asirvad of INR467 crore, indicating strong performance in its core operations.
The company's AUM, excluding Asirvad, rose to INR34,204 crore, reflecting an 18.7% year-on-year growth.
The gold loan business showed resilience with a 1.9% quarter-on-quarter growth and 18.8% year-over-year growth.
The company has been actively increasing its online lending processes, which is expected to improve operating leverage and expand the customer base.
Manappuram Finance Ltd (BOM:531213) maintains a strong capital position with a CRAR of 29.88% and a net worth of INR12,776 crore.

Negative

The consolidated profit after tax declined to INR278 crore, down by 51.3% quarter-on-quarter and 51.6% year-on-year, primarily due to losses in Asirvad Microfinance.
Asirvad Microfinance reported a loss of INR188 crore during the quarter, affected by collection challenges and external influences on microfinance borrowers.
The standalone NPA increased slightly to 2.46% from 2.42% in the previous quarter, indicating some asset quality concerns.
The company's borrowing cost increased by 6 basis points during the quarter, impacting overall profitability.
There was a notable increase in GNPA for the vehicle finance segment, rising to 5.2%, indicating stress in this part of the portfolio.

Operator

Ladies and gentlemen, good day, and welcome to Manappuram Finance Q3 FY25 earnings conference call hosted by Motilal Oswal Financial Services Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Abhijit Tibrewal from Motilal Oswal Financial Services. Thank you, and over to you, sir.

Abhijit Tibrewal

Motilal Oswal Financial Services - Analyst

Yeah, thanks. We have with us today the senior management team of Manappuram Finance to discuss the conference call -- to discuss the Q3 FY25 results. I'll basically introduce the management team.

We have with us today Mr. V.P. Nandakumar, MD and CEO; Dr. Sumitha Nandan, Executive Director; and Ms. Bindu A.L., CFO, Mr. Raju Narayan, Business Head; Mr. B.N. Raveendra Babu, MD, Asirvad Microfinance; Mr. Rajesh Namboodiripad, CFO, Asirvad Microfinance; Mr. Kamal Parmar, Head Vehicle and Equipment Finance; Mr. Suveen P.S., CEO, Manappuram Home Finance, Mr. Robin Karuvely, CFO, Manappuram Home Finance.

With that brief introduction, I think

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