255.8000 0.40 (0.16%)
NSE Apr 02, 2026 15:31 PM
Volume: 6.0M
 

255.80
0.16%
IDBI Capital
Manappuram Finance Limited reported a stable Q3FY26 performance, reflecting steady execution in its core gold loan franchise and continued consolidation across non-gold portfolios. Consolidated AUM up 13.8% QoQ, driven largely by a sharp recovery in gold loans, while profitability remained moderate amid conservative provisioning and portfolio clean-up. Gold loan AUM rose 23% QoQ, supported by favourable gold prices, faster price transmission and healthy customer demand, reinforcing gold loans as the primary growth driver. Consolidated PAT for the quarter was Rs239 crore, while standalone PAT stood...
Geojit BNP Paribas upgraded Manappuram Finance Ltd. to Hold with a price target of 274.0 on 30 Mar, 2026.
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