Manappuram Finance Q2 results: Posts 29% increase in gold loan assets under management

VP Nandakumar, MD & CEO, Manappuram Finance Ltd | Photo credit: SUPPLIED PHOTO

Manappuram Finance has recorded a 29 per cent growth in its gold loans under management (AUM) to ₹31,505.33 crore in the second quarter of FY26, compared to ₹24,365.07 crore in the same period of the previous financial year (Q2 FY25).

Sequentially, assets under management grew by 9.39 per cent compared to ₹28,801.66 crore in the previous quarter (Q1 FY26). The company’s total assets under management grew to ₹45,789.42 crore. In the previous quarter (Q1 FY26), this was ₹44,304 crore. The company achieved ₹217 crore PAT in the second quarter of FY26.

The company’s gold inventories (in terms of volume) also improved to 54.71 tonnes from 54.62 tonnes in Q1 FY26. On a standalone basis, the company’s gross NPA stands at 2.97 percent, which shows that asset quality is better. Net NPA also stands at 2.56 percent for the quarter under review (Q2 FY26).

“Our assets under management have seen robust growth since the start of FY26, accompanied by improved revenue performance year-on-year. This reaffirms that we are firmly on track to strengthen and expand our core businesses while driving greater operational efficiencies. While the industry continues to face challenges, our robust fundamentals and forward-looking approach give us the confidence to maintain momentum and pursue stronger growth across all business verticals in the coming quarters,” said VP Nandakumar, Chairman and Managing Director of Manappuram Finance.

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Published on October 31, 2025