Declares Interim Dividend of ₹1 per Share
VALAPAD, THRISSUR: Manappuram Finance Ltd has reported a consolidated net profit of ₹556.5 crore for the first quarter of FY25, reflecting an 11.7% increase compared to ₹498 crore in Q1 FY24. The Non-Banking Financial Company’s (NBFC) consolidated Assets Under Management (AUM) for Q1 reached ₹44,932 crore, marking a 21% increase year-on-year and a 6.8% rise quarter-on-quarter. The standalone net profit for the quarter, excluding subsidiaries, was ₹441 crore. Total consolidated operating income for the quarter was ₹2,488 crore, a 23% increase from the same quarter last year. The company’s consolidated gold loan portfolio saw a 14.8% increase to ₹23,647 crore compared to the first quarter of FY24, with the number of live gold loan customers at 2.6 million as of June 30, 2024.
Sharing the results, Mr. V.P. Nandakumar, MD & CEO, stated, “We were able to achieve significant growth in Gold Loan AUM in this quarter, registering nearly 15% growth year-on-year and 10% sequentially. Our non-gold verticals are also growing, contributing notable gains in AUM and net profit.”
Asirvad Microfinance Ltd concluded the quarter with an AUM of ₹12,310 crore, a 21% growth from ₹10,141 crore in the same period last year, and a net profit of ₹100 crore. Manappuram Home Finance Ltd., the home loans subsidiary, continues its steady growth with an AUM of ₹1,587 crore, up 32% year-on-year and 5.2% quarter-on-quarter. The Vehicles & Equipment Finance division’s AUM reached ₹4,541 crore, showing a significant 63.4 % year-on-year increase.
The company’s non-gold loan businesses now represent 47% of its consolidated AUM. The average borrowing cost for the standalone entity was 9% in Q1 FY24, compared to 8.3% in the year-ago quarter. Gross NPA stood at 1.96%, and Net NPA at 1.7%. As of June 30, 2024, the company’s consolidated net worth was ₹12,021 crore, with a book value per share of ₹142. The standalone capital adequacy ratio was 29.6%. Consolidated total borrowings were ₹38,463 crore, and the total number of live customers reached 6.8 million.
Consolidated
| Particulars | Q1 fy 24-25 | Q1 fy 23-24 | YoY% Growth | Q1 FY 2025 | Q4 FY 2024 | QoQ% Growth |
| Income from operations | 2488.2 | 2026.3 | 22.8% | 2488.2 | 2359.8 | 5.4% |
| Profit before tax | 752.8 | 680.8 | 10.6% | 752.8 | 745.5 | 1.0% |
| Profit after tax (Before OCI & minority interest) | 556.5 | 498.0 | 11.7% | 556.5 | 563.5 | -1.2% |
| AUM | 44932.3 | 37060.6 | 21.2% | 44932.3 | 42069.6 | 6.8% |
| Gold loan AUM | 23647.3 | 20603.2 | 14.8% | 23647.3 | 21561.1 | 9.7% |
| Gold Holding (Tonnes) | 60 | 59.5 | 0.2% | 60 | 59 | 1.3% |
| Total Live gold loan customers (in mn.) | 2.6 | 2.4 | 7.7% | 2.6 | 2.5 | 3.6% |
| Net Worth | 12020.7 | 10078.7 | 19.3% | 12020.7 | 11548.1 | 4.1% |
| Return on Assets (%) | 4.5% | 5% | 4.5% | 4.9% | ||
| Return on Equity (%) | 18.8% | 20% | 18.8% | 19.9% | ||
| No. of branches | 5294 | 5281.0 | 0.2% | 5,294 | 5,286 | 0.2% |
| Total no. of employees | 49609 | 45304.3 | 9.5% | 49609 | 51004 | -2.7% |
| Book value per share | 142.0 | 119.1 | 19.3% | 142.0 | 136.4 | 4.1% |
| Total no. of customers (in mn.) | 6.8 | 6.1 | 12.5% | 6.8 | 6.8 | 1.0% |
| Total borrowing | 38463.4 | 28533.4 | 34.8% | 38463.4 | 33653.5 | 14.3% |
| EPS | 6.58 | 5.9 | 11.7% | 6.58 | 6.7 | -1.2% |
Standalone
| Particulars | Q1 fy 24-25 | Q1 fy 23-24 | YoY % Growth | Q1 FY 2025 | Q4 FY 2024 | QoQ% Growth |
| Profit After Tax (Before OCI) | 440.58 | 380.91 | 15.7% | 440.6 | 428.3 | 2.9% |
| AUM | 31034.7 | 25742.4 | 20.6% | 31034.7 | 28679.4 | 8.2% |
| Capital Adequacy Ratio (%) | 29.6% | 30.5% | 29.57% | 30.6% | ||
| Cost of Fund (%) | 9.01% | 8.26% | 9.01% | 8.8% | ||
| Gross NPA (%) | 1.96% | 1.45% | 1.96% | 1.93% | ||
| Net NPA (%) | 1.70% | 1.24% | 1.70% | 1.70% | ||
| Number of Branches | 3524 | 3524 | 3524 | 3524 | ||
| Comm. Vehicle Loans Division AUM | 4541.3 | 2779.2 | 63.4% | 4,541.3 | 4,110.9 | 10.5% |
| Subsidiaries | ||||||
| Microfinance – AUM (incl Gold Loan) | 12310.2 | 10140.6 | 21.4% | 12,310.2 | 11,880.5 | 3.6% |
| Microfinance – PAT (Before OCI) | 100.04 | 111.18 | -10.0% | 100.04 | 101.8 | -1.8% |
| Microfinance – Number of customers (in mn) | 3.9 | 3.4 | 14.4% | 3.9 | 3.9 | -0.9% |
| Home Loans – AUM | 1587.4 | 1202.6 | 32.0% | 1587.4 | 1509.7 | 5.2% |
| Home Loans – PAT (Before OCI) | 6.01 | 3.22 | 86.50% | 6.01 |
