Manappuram Finance shares in focus after Q1 profit plunges 75% YoY to Rs 138 crore

Manappuram Finance shares will be in focus on Monday after the company reported a net profit of Rs 138 crore for Q1FY26, a steep 75% drop from Rs 555 crore in the year-ago period.

Revenue from operations declined 9% YoY to Rs 2,262 crore. The gold loan segment posted a 10% YoY revenue increase to Rs 1,904 crore, while the microfinance segment slumped over 53% to Rs 361 crore.

Gold loans delivered a profit before tax (PBT) of Rs 538.79 crore, compared with Rs 618.83 crore last year. The microfinance segment swung to a pre-tax loss of Rs 437 crore from a profit of Rs 775 crore in Q1FY25.

The board declared an interim dividend of Rs 0.50 per share, with August 14 as the record date. The company also announced that Managing Director V.P. Nandakumar will take over as Chairman from August 28, succeeding Shailesh Jayantilal Mehta, who will retire on August 27 after completing his second term as Independent Director.

Manappuram Finance shares price target

Trendlyne data shows an average target price of Rs 249, implying a 4% downside from current levels. The consensus from 13 analysts is a ‘Hold’.

Manappuram Finance shares price performance

On Friday, Manappuram Finance shares closed 0.75% lower at Rs 258.5 on the BSE, while the Sensex slipped 0.95%. The stock is up 35% year-to-date and has surged 79% over the past two years. Market capitalisation stands at Rs 21,884 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)