Manappuram Finance Ltd

Q1 FY27Finance

Manappuram Finance Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹365

Market cap₹33.6K Cr

P/E23.2

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueRank 2

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Gold loan growth guidance for FY27 is around 25%-30%, with a Q1 growth of nearly 12%. Manappuram Finance targets an ROA of 3.5% to 4% and ROE of 15% to 18% over the next few years.

From Manappuram Finance Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 2

Gold loan growth guidance for FY27 is around 25%-30%, with a Q1 growth of nearly 12%.
Branch expansion plan includes opening around 500 new branches in FY27, primarily in South, Central, and Eastern India.
Yield on gold loans is expected to stabilize around 18%, with possible minor fluctuations of ±25 basis points.
Income-generating gold loans segment is scaling up cautiously, capped at 18% yield and LTV ranges of 75%-85%.
Non-gold businesses like vehicle finance are currently in growth moderation; vehicle loans paused for the year, potential restart in FY28.
Microfinance exposure will be contained at below 10% of consolidated portfolio, focusing on asset quality and stable growth.
Overall, disciplined growth with asset quality focus, especially in newer segments like income-generating loans and secured lending.

Profitability & Margins

Manappuram Finance targets an ROA of 3.5% to 4% and ROE of 15% to 18% over the next few years.
Expectation is to grow ROE consistently, aiming to reach around 18% within three years.
Q1 FY27 showed strong growth: consolidated PAT before OCI and minority interest at INR 585 crores, a 44.5% sequential increase.
Stand-alone PAT before OCI up 47% sequentially and 41% year-on-year.
Gold loans, the primary growth driver, expected to grow 25%-30% in FY27.
Plans to expand gold loan branches by about 500 branches in FY27, supporting volume growth.
Yield on gold loans expected to stabilize around 18%, with a possible 25 bps fluctuation.
Non-gold businesses like vehicle finance are currently focusing on collection and asset quality; growth to be monitored carefully.

See what Manappuram Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

The transcript does not explicitly mention any current or future capex or capital investment plans.
Strategic focus remains on branch expansion, targeting around 500 new branches primarily for gold loans in FY 2027.
Expansion will be concentrated mainly in South and Central India (~60%), Eastern states (~25%), and rest of India.
No specific mention of capital expenditure besides branch openings.
Emphasis is on strengthening the senior leadership team and upgrading technology, governance, and operational efficiency.
No direct reference to strategic investments beyond co-lending partnerships with banks for housing finance.
Focus is on organic growth, portfolio stability, and maintaining asset quality across business lines, rather than aggressive capital deployments.

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Akiko₹466 Cr

Rev 1Mar 1

2Finkurve Fin.₹1.0K Cr

Rev 1Mar 2

3₹286 Cr

Rev 1Mar 2

4₹39.2K Cr

Rev 1Mar 3

5₹25.6K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript on pages 6-15 of the Manappuram Finance Limited document dated August 11, 2026, does not mention any current or future plans for fundraising through debt or equity. Key points related to capital and funding addressed include: - The company is well-capitalized with a capital adequacy ratio of 21.29%. - Consolidated net worth as of June 30, 2026, stood at INR 16,552 crores. - No explicit mention or guidance on new debt or equity fundraising is provided during the Q&A. - Cost of funds and borrowing costs were discussed, but no new fundraising plans were indicated. - Focus remains on maintaining asset quality and steady growth, without indication of raising fresh funds. Therefore, there is no disclosed current or future intention of raising funds through debt or equity as per the transcript provided.

See what Manappuram Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages from the 1989.pdf of Manappuram Finance Limited do not mention any details regarding current or expected order book or pending orders. The discussion primarily focuses on: - Attrition rates - ROA and ROE guidance - Gold loan yields and portfolio composition - Branch expansion plans (targeting 500 new branches) - Microfinance business strategy and portfolio share (targeting below 10%) - Pricing, LTV guidelines, and product offerings in gold loans - Cost of funds and asset quality No information related to any order book or pending orders is discussed in the provided transcript excerpt.

What Manappuram Finance Ltd's management said in earlier quarters

Others in Finance this season

Muthoot Finance Ltd (Q1 FY27)
Despite competitive intensity, Muthoot Finance has demonstrated growth; Q1 saw about 6% growth (~INR 9,000 crores). Key concall takeaways from Muthoot Finance…
Mahindra & Mahindra Financial Services Ltd (Q1 FY27)
The company has already seen wheels AUM growth at 11%-12% and non-wheels at 28%-30% in recent quarters. Key concall takeaways from Mahindra & Mahindra…
Akiko Global Services Ltd (Q1 FY27)
Personal loans are growing fastest, with 5%-10% month-on-month growth. Key concall takeaways from Akiko Global Services Ltd's Q1 FY27 earnings call — and how…
Max India Ltd (Q1 FY27)
Care Homes occupancy is improving steadily (e.g., Bannerghatta from 37% to 41%), with potential expansion plans in late FY27. Key concall takeaways from Max…

Compare:vs Bajaj Finance Ltd vs Bajaj Finserv Ltd vs Shriram Finance Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Manappuram Finance Ltd Q1 FY27 results?

Gold loan growth guidance for FY27 is around 25%-30%, with a Q1 growth of nearly 12%. Manappuram Finance targets an ROA of 3.5% to 4% and ROE of 15% to 18% over the next few years.

What is Manappuram Finance Ltd share price analysis?

Manappuram Finance Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 23.2 with a market cap of ₹33,581 Cr. Investors should review the full earnings analysis for detailed insights.

Is Manappuram Finance Ltd planning capital expenditure?

The transcript does not explicitly mention any current or future capex or capital investment plans.

Keep Manappuram Finance Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.