Manappuram Finance just posted a huge 222.9% jump in net profit for Q2 FY27, reaching ₹701 crore (up from ₹217 crore last year).
This surge is mostly thanks to strong gold loan growth and better interest margins, with net interest income also rising by nearly 45%.
Manappuram Finance revenue ₹3,356cr AUM ₹73,303cr
Revenue shot up 46.2% to ₹3,356 crore, and total assets under management (AUM) climbed 60.1% to ₹73,303 crore, most of that coming from gold loans, which nearly doubled.
Meanwhile, their microfinance arm Asirvad turned profitable too.
Chairman and Managing Director V.P. Nandakumar sounded upbeat about hitting future targets, and the board declared an interim dividend of ₹1 per equity share of face value ₹2 each for FY27.