Q3 2026 Manba Finance Ltd Earnings Call Transcript
Key Points
- Manba Finance Ltd (NSE:MANBA) reported a robust year-on-year growth of 25% in assets under management, reaching INR 1,631 crore.
- The company achieved a record high disbursement of INR 746 crore, driven by strong demand in the two-wheeler segment and expansion of the dealer network.
- Net interest income for the third quarter grew by 17% year-on-year to INR 42 crore, with a net interest margin of 12.65%.
- The company maintains a healthy capital adequacy ratio of 25.06%, well above the regulatory requirement, providing ample headroom for future growth.
- Manba Finance Ltd entered into a strategic MOU with TVS Motor Company, enhancing its reach in the three-wheeler financing segment and potentially increasing disbursements by INR 250-300 crore over the next 18-24 months.
- The company's gross NPA stood at 3.38%, which, while stable, indicates room for improvement in asset quality.
- Despite growth in net interest income, the profit after tax did not increase proportionately, attributed to timing differences in income recognition.
- The finance cost increased despite a reduction in borrowing, due to higher borrowing costs in the previous quarter.
- The company's provision coverage ratio is at 24%, below the industry average of 40-50%, suggesting a need for stronger provisioning.
- Manba Finance Ltd's focus on existing states rather than expanding into new ones may limit its geographic diversification and growth potential.
Ladies and gentlemen, good day and welcome to Manba Finance Limited Q3 FY26 earnings conference call hosted by Arihant Capital Markets Limited.(Operator Instructions)
Please note that this conference is being recorded. And now hand the conference over to Ms. Hailli Shah from Arihant Capital Markets Private Limited. Thank you and over to you, ma'am.
Hello and good afternoon to everyone. On behalf of Finance Capital Markets Limited, I thank you all for joining in Q3 and 9 month April '26 earnings conference call of Manda Finance Limited. Today from the management we have Mr. Manish Shah, Managing Director, and Mr. Jay Mota, Executive Director and Chief Financial Officer. So, without any further delay, I will hand over the call to Mr. Manisha for his opening remarks over to you, sir.
Yeah, thank you, Eli.
Good evening, everyone, and thank you for joining our earning call today to discuss the performance
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