Q3 2026 Manappuram Finance Ltd Earnings Call Transcript
Key Points
- Manappuram Finance Ltd (BOM:531213) reported a consolidated AUM of INR52,125 crore, marking a 13.8% year-on-year increase, driven primarily by the expansion in gold loan AUM.
- The company's consolidated gold loan AUM for the quarter was INR38,754 crore, showing a significant 23% year-on-year growth, supported by favorable gold prices and strong customer demand.
- The company has a robust liquidity position with capital adequacy comfortably above regulatory thresholds, providing stability in managing cost of funds.
- Manappuram Finance Ltd (BOM:531213) is making progress on its strategic priorities, including accelerating gold loan growth and improving branch infrastructure.
- The company has declared an interim dividend of INR50 for the quarter, reflecting its commitment to returning value to shareholders.
- The microfinance segment, Asirvad Microfinance, continues to face challenges with elevated credit costs and borrower cash flow issues.
- The company's standalone PAT decreased by 13.9% year-on-year, indicating pressure on profitability.
- Non-gold lending segments, such as vehicle finance and MSME loans, are experiencing asset quality deterioration, with high GNPA levels.
- The company is facing regulatory challenges related to branch expansion approvals, potentially impacting growth plans.
- There is uncertainty surrounding the Bain Capital transaction, with pending regulatory approvals affecting strategic decisions.
Ladies and gentlemen, good day and welcome to the Manappuram Finance Limited Q3 FY26 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sanket Chheda from DAM Capital Advisors Limited. Thank you and over to you, sir.
Yeah, hi, very good evening to all of you. We have with us the senior management team of Manappuram today to discuss their Q3 results. So with us, we have V.P. Nandakumar, who is the Chairman and MD; then Dr. Sumitha Nandan, who is an ED; Mr. Deepak Reddy, who is the CEO; Ms. Bindu A.L., who is the CFO; Mr. Manoj.
Okay.
Robin Karuvely, CFO, actually, one minute.
Okay.
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