Manappuram Finance reports sharp rise in second-quarter profit to 701 crore rupees

Manappuram Finance Ltd reported a more than three-fold jump in its consolidated profit after tax to 701 crore rupees for the September quarter of fiscal year 27. The gold loan company posted a profit of 217.31 crore rupees in the same quarter of the previous financial year. Net profit also rose 20 percent compared to 585 crore rupees in the June quarter. Total income increased to 3,312 crore rupees in the second quarter, up from 2,275 crore rupees in the year-ago period. Total assets under management reached 73,303 crore rupees as of September 2026, marking a 60 percent growth from the previous year. Gold loan assets under management surged 92.5 percent year-on-year to 60,640 crore rupees at the end of the quarter. Shares of the company closed 0.23 percent lower at 320.25 rupees each on the BSE.

Context

Gold loan companies provide quick short-term loans to people by using their gold jewelry as security. Strong growth in assets and profits usually points to higher demand for credit among retail borrowers during the period.