Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)
Manappuram Finance's Q1 FY27 saw robust performance: consolidated PAT surged 47% YoY to INR 585 Cr, with AUM up 57% YoY to INR 69,635 Cr. Strong gold loan growth drove this, with yields improving to ~18%. The company targets 25-30% gold loan AUM growth and 500 new branches. A new...