Manba Finance Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Finance | Market Cap: ₹672 Cr
Manba Finance reported a robust 25% year-on-year growth in Assets Under Management (AUM), reaching Rs. For FY '27, Manba Finance targets a profit after tax of around Rs.
From Manba Finance Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Price
₹128
Market Cap
₹672 Cr
P/E Ratio
13.8
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📊 Revenue & Sales Performance
- →Manba Finance reported a robust 25% year-on-year growth in Assets Under Management (AUM), reaching Rs. 1,631 crores as of December 2025.
- →The company aims for consistent growth of 25%-30% year-on-year in FY '27.
- →Disbursement for Q3 FY '26 was Rs. 746 crores, with expectations for continued high disbursement driven by dealer network expansion and deeper market penetration.
- →Focus on deeper penetration in existing states (especially UP and MP) rather than adding new states.
- →Plans to add 18-20 new locations and 100+ employees in UP in the next year.
- →New product launches like MSME LAP starting February aiming to diversify offerings.
- →Strategic partnerships like the MoU with TVS Motor expected to add Rs. 250-300 crores in disbursements over 18-24 months, potentially increasing product mix share by around 10%.
- →Profit targets around Rs. 65-70 crores for FY '27 with ROA of 3.25%-3.5% and ROE of 14%-15%.
📈 Profitability & Margins
- →For FY '27, Manba Finance targets a profit after tax of around Rs. 65-70 crore (Page 10).
- →Expected Return on Assets (ROA) for FY '27 is guided at 3.25% to 3.5% (Page 10).
- →Corresponding Return on Equity (ROE) is expected to be in the range of 14%-15% (Page 10).
- →The company aims for steady growth of 25%-30% year-on-year in AUM and operations (Page 9).
- →Net interest margin (NIM) is likely to improve due to reduction in borrowing costs and increased disbursements (Pages 5, 16).
- →With new product launches like MSME LAP starting February 2026 and deeper penetration in UP and MP, growth momentum is expected to continue (Pages 9, 16).
- →Incremental income from large disbursements done in Q3 (Rs. 347 crores) will start contributing majorly from Q4 and next quarter, improving profitability (Page 16).
🏗️ Capital Expenditure Plans
- →No explicit mention of current or future capital expenditure (capex) or strategic investments was made in the transcript.
- →The company plans to raise new capital when their leverage reaches 4 to 4.25 times; currently at 3.37 times leverage.
- →Focus is on organic growth and deepening presence in existing states (UP and MP), rather than geographic expansion.
- →Discussed preparations for a direct assignment (DA) transaction to strengthen the balance sheet and liquidity.
- →Plans to launch a new loan product (MSME LAP) starting February in select cities, implying investment in product development and team.
- →Capital deployment strategy aims at maximizing returns while maintaining asset quality, with no aggressive leveraging beyond set policy.
- →No mention of any strategic acquisitions or capital investments beyond above steps during the call.
💰 Fundraising & Capital Structure
- →The company is planning equity fundraising in the next financial year, with a possible capital raise in the second or third quarter depending on the market scenario (Page 12).
- →The management aims to maintain a leverage ratio of around 4-4.25 times and plans to bring in new capital once this level is reached to support growth while protecting the company (Page 14).
- →They are initiating direct assignment (DA) transactions starting this quarter to strengthen the balance sheet and improve liquidity management (Page 14, Page 11).
- →Cost of borrowing is gradually decreasing, and the company is negotiating favorable term loans, including potentially large PSU sanctions at lower interest rates (Page 10, Page 8).
- →Currently, around 25-30% of the total borrowings are through pass-through certificates (PTC), with an aim to keep 40-45% of borrowing unaffected by interest rate changes (Page 7).
📋 Order Book & Pipeline
Key Metrics
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Frequently Asked Questions
What were Manba Finance Ltd Q3 FY26 results?
Manba Finance reported a robust 25% year-on-year growth in Assets Under Management (AUM), reaching Rs. For FY '27, Manba Finance targets a profit after tax of around Rs.
What is Manba Finance Ltd share price analysis?
Manba Finance Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹672 Cr. Investors should review the full earnings analysis for detailed insights.
Is Manba Finance Ltd planning capital expenditure?
No explicit mention of current or future capital expenditure (capex) or strategic investments was made in the transcript.
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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.