Manappuram Finance Limited — Investor Meet, 13-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Manappuram Finance's Q1 FY26 consolidated PAT hit INR132.5 Cr (+165% QoQ) on INR2,265 Cr revenue, with AUM up 3% QoQ to INR44,304 Cr. Gold loan AUM grew 12.6% QoQ, now 65% of total. Yields were strategically lowered to 20.7% to boost volumes and match market rates. Asirvad Microfinance AUM declined 18% QoQ, posting a INR267 Cr loss, but management foresees reduced losses. Vehicle Finance and MSME segments faced asset quality issues, leading to tighter underwriting and refocus on larger, more secured loans. The company's strategic shift aims for 90% secured assets, with gold loans at 75% and microfinance below 10% of total AUM.