Manappuram Finance Q1 AUM soars 57% YoY, NII rises 25%; Ashish Singh appointed as MD & CEO, dividend declared

In the corresponding period of the previous fiscal year, it had clocked a net profit of ₹132 crore, according to a regulatory filing.

Its net interest income (NII) surged 25% YoY to ₹1,759 crore during the quarter under review, as against ₹1,407 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

The non-banking financial company’s (NBFCs) total Assets under management (AUM) grew by 57.20% YoY to ₹69,635 crore in the June FY27 quarter, as against ₹44,304 crore in the year-ago period.

In the June quarter, the company’s gold loan AUM reached ₹57,006 crore, registering year-on-year growth of 97.9% from ₹28,802 crore in Q1 FY26.

The non-gold loan businesses accounted for 18.14% of the company’s total AUM, with Asirvad Microfinance reporting a profit of ₹21 crore during the quarter.

As of June 30, 2026, the number of its branches expanded to 5,328.

Dividend declared

Manappuram Finance’s board of directors also declared an interim dividend of ₹1 per equity share with a face value of ₹2 each, at a rate of 50% for FY27.

It also fixed Monday, August 17, 2026, as the record date for the same.

Board approves raising funds

The board of directors also approved the raising of funds, including by way of issuance of listed Non-Convertible Debentures (NCDs) or Bonds and Commercial Papers, as part of the proposed enhancement of the borrowing limits of the company to ₹1 lakh crore, subject to the approval of the shareholders.

New MD & CEO

Manappuram Finance’s board of directors also appointed Ashish Singh as the Managing Director & Chief Executive Officer and Key Managerial Personnel of the company with effect from January 01, 2027, for a period of five years, subject to the approval of the shareholders.

It also approved the continuation of V.P. Nandakumar as the Managing Director and Chairperson of the Company up to December 31, 2026, and his redesignation as Non-Executive Chairperson of the Board with effect from January 1, 2027.

The redesignation shall automatically take effect on and from January 1, 2027, the NBFC added.

What the CEO said

Commenting on the earnings, V.P. Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said: “Manappuram Finance has maintained robust loan growth = and stable asset quality in the first quarter of the current fiscal year (Q1 FY27). Asirvad Microfinance’s return to profitability during the quarter under consideration has also immensely helped. In fact, gold loans played a crucial role in supporting overall bank credit growth in the country. Despite funding challenges, we have been successful in riding this wave and keeping the growth momentum intact.”

He further stated that volatility in gold prices was a serious concern that affected overall business sentiment. However, Manappuram Finance also delivered remarkable growth during the quarter under consideration, driven by operational efficiency, cost reduction, digitalisation and expansion into newer markets.

“Apart from our core business, all the subsidiary units/businesses, including Asirvad Microfinance, are in good financial health at present, and we expect them to perform better as the overall business environment improves in the near to medium term,” Nandakumar added.

Shares of Manappuram Finance closed 2.52% lower at ₹360 per unit on the National Stock Exchange (NSE) on Tuesday. However, the results were declared after the markets closed.

Manappuram Finance has a total market capitalisation of ₹33,816.10 crore as of August 11, 2026, according to data on the NSE.