276.9000 -4.30 (-1.53%)
NSE Sep 26, 2025 15:31 PM
Volume: 1.7M
 

276.90
-1.53%
IDBI Capital
Manappuram Finance's gold loan portfolio grew by 22% YoY (vs 19% YoY FY25) backed by higher gold prices. However, MFI portfolio declined by 51% YoY (down 23% QoQ) due to strategy change. Thus, overall AUM de-grew by 1% YoY vs +2% YoY (FY25). We expect 13% CAGR (FY25-27E) AUM growth led by gold portfolio. MFI losses declined during the quarter due to decline in provisions. MFI asset quality improved with GNPA at 4.4% vs 8.5% QoQ led by lower slippages. Cons. NII declined by 10% YoY led by lower NIMs; PPoP declined by 33% YoY led by lower other income (down 77% YoY). Reported profit vs loss QoQ led by lower...
Geojit BNP Paribas downgraded Manappuram Finance Ltd. to Sell with a price target of 260.0 on 10 Sep, 2025.
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