Thrissur-based Manappuram Finance has reported a sharp rise in consolidated net profit for the second quarter of 2026-27, with earnings jumping 222.9% year-on-year to ₹701 crore, compared with ₹217 crore in the corresponding quarter last year.
The non-banking financial company (NBFC), which specialises in gold loans, also recorded strong growth in revenue and assets under management (AUM) during the quarter ended September 30, 2026.
Consolidated revenue from operations rose 46.2% to ₹3,356 crore, against ₹2,296 crore in the same period last year.
The company's consolidated AUM increased 60.1% year-on-year to ₹73,303 crore. Its gold loan portfolio grew at a much faster pace, rising 92.5% to ₹60,640 crore. Non-gold lending businesses accounted for 17.27% of total AUM.
The expansion in the gold loan portfolio was a major contributor to the company's overall business growth.
Manappuram's microfinance subsidiary, Asirvad Micro Finance, reported a quarterly profit of ₹32 crore. Its AUM stood at ₹7,919 crore as of September 30, 2026.
For the first half of FY27, Manappuram Finance posted a consolidated net profit of ₹1,286 crore, compared with ₹350 crore in the corresponding period of the previous financial year.
Consolidated revenue from operations during the six-month period increased to ₹6,403 crore from ₹4,546 crore a year earlier.
The company's consolidated branch network stood at 5,375 at the end of September.
The board of directors has declared an interim dividend of ₹1 per equity share with a face value of ₹2 for FY27. The record date for determining shareholders eligible for the dividend has been fixed as November 18, 2026.
Manappuram Finance chairman and managing director VP Nandakumar said the improvement in profitability and AUM reflected the company's strong business performance.
The management expects the positive momentum in gold lending to continue and believes the company is positioned to address emerging challenges in the sector.
The results highlight the growing importance of gold-backed lending to Manappuram's business, with the segment accounting for more than 82% of its consolidated loan portfolio.