Manappuram Finance FY25: AUM ₹43,034 Cr, PAT ₹1,204 Cr

What the latest investor deck highlights

Manappuram Finance’s investor presentation for Q4 and FY2025 lays out a mixed set of operating and profitability trends across its gold loan franchise and other lending segments. Consolidated assets under management (AUM) stood at ₹43,034 crore for FY25, up 2.3% year on year. Over the same period, consolidated profit after tax (PAT) fell to ₹1,204 crore, down 45.2% year on year. The deck also points to a stable yield on gold loans at 22.35% for FY25, alongside a lower loan-to-value (LTV) ratio in the most recent quarter.

Alongside the Manappuram data, the provided material also includes a company snapshot for MFL India Ltd, a small-cap logistics company, including share price, market capitalisation, leadership details, and a technical rating.

Business profile and stated strategy

Manappuram’s presentation frames the group as focused on under-banked customers across their lifecycle, with gold loans described as the core product. The deck positions the company as the number two lender in gold loans in India and highlights process innovation, including an online gold loan product (OGL) and a cellular vaulting mechanism. It also references the acquisition and scaling of Asirvad Microfinance, and a calibrated approach to growing other products such as small-ticket home loans, used vehicles for self-employed customers, and MSME lending.

The deck emphasises a conservative credit and risk management culture with process adherence, including timely auctions. It also notes technology use for sourcing, underwriting, and risk management, while highlighting a board-driven governance process. Capitalisation metrics are emphasised, including a Tier 1 ratio of 30.91% and a strong asset-liability management position, supported by diversified funding sources.

Key consolidated performance metrics for FY2025

For FY25, the investor deck reports consolidated AUM of ₹43,034 crore, up 2.3% year on year. It also reports PBT of ₹1,666 crore, down 43.7% year on year, and PAT of ₹1,204 crore, down 45.2% year on year. Return ratios in the presentation show RoA at 2.5% and RoE at 10.0% for FY25.

In Q4 FY25, the presentation shows consolidated net interest income at ₹1,464 crore versus ₹1,634 crore in Q3 FY25. Operating expenses (OPEX) increased to ₹785 crore in Q4 FY25 from ₹707 crore in Q3 FY25. Cost of borrowing is reported at 9.45% in Q4 FY25, with the proportion of CPs at 1.0% of total liabilities.

The company also declared a quarterly dividend payout of ₹0.50 per share, as per the presentation.

Gold loan book and LTV movement

The presentation reports consolidated gold loan AUM of ₹25,586 crore, up 18.7% year on year, and standalone gold loan AUM of ₹24,658 crore, up 19.3% year on year. Gold loan LTV is reported at 57% as on 31 March 2025, compared with 60% as on 31 December 2024.

AUM mix data in the deck shows gold as the largest component in Q4 FY25. The same section also shows that the MFI book was ₹7,207 crore, down 34.1% year on year.

Consolidated P&L: what changed quarter-on-quarter

In the consolidated profit and loss statement for Q4 FY25, income from operations is reported at ₹2,360 crore, down from ₹2,560 crore in Q3 FY25. Finance expenses are reported at ₹895 crore in Q4 FY25 versus ₹925 crore in Q3 FY25. Net interest income is reported at ₹1,464 crore in Q4 FY25 versus ₹1,634 crore in Q3 FY25.

The same table shows profit before tax (PBT) at (₹236) crore in Q4 FY25 compared with ₹376 crore in Q3 FY25. PAT before OCI is shown at (₹203) crore for Q4 FY25 compared with ₹278 crore in Q3 FY25.

Consolidated balance sheet: liquidity and asset base

On the consolidated balance sheet as of March 2025, cash and bank balances are reported at ₹3,808 crore, down 17.1% quarter on quarter from ₹4,592 crore in December 2024, and up 19.7% year on year from ₹3,181 crore in March 2024. Investments are reported at ₹788 crore in March 2025, compared with ₹832 crore in December 2024. Loans and advances are shown at ₹42,252 crore in March 2025 versus ₹43,530 crore in December 2024.

Fixed assets are reported at ₹518 crore in March 2025, up from ₹502 crore in December 2024.

Standalone snapshot: growth and profitability indicators

For FY25, the standalone section reports AUM of ₹33,021 crore, up 15.1% year on year. Standalone net interest income for FY25 is reported at ₹4,530 crore, up from ₹4,002 crore in FY24. Standalone OPEX for FY25 is reported at ₹1,899 crore versus ₹1,697 crore in FY24.

Return and capital metrics in the standalone overview show FY25 RoA at 4.8% and RoE at 16.1%. Standalone net worth is reported at ₹11,793 crore, and BVPS is shown at ₹139.3.

Asirvad Microfinance: FY25 revenue and asset quality datapoints

The Asirvad Microfinance results section reports total revenue from operations at ₹2,705 crore for FY25 versus ₹2,681 crore for FY24. Finance cost is shown at ₹1,034 crore for FY25 versus ₹947 crore for FY24.

The deck also states that net NPA for FY25 is ₹177 crore, standing at 2.46%.

Key numbers table

MFL India: company snapshot and market datapoints

MFL India Ltd is described as a small-cap company in the logistics sector with a market capitalisation of ₹19.10 crore. The company engages in logistics and cargo transport, and it owns a fleet of trucks and cargo handling and transport equipment. The company was founded on November 28, 1981 by Karan Chopra and Sohinder Nath Chopra and is headquartered in Delhi.

The material lists Anil Thukral as Managing Director and CEO, and Meenakshi Aggarwal as Director. It also provides a leadership table showing “Anil Thukral CEO” as Chief Executive Officer, age 55, since 2013-12-30. The address is listed as 94/4, UG-F, UG-9, Village Patparganj, New Delhi, Delhi 110091, with phone number 011-32076767 and website shown as http://www.mflindia.co.in.

On the market side, the provided data states MFL India’s share price was ₹0.53 as on 04 Sep 2025 at 03:46 PM IST, down 1.85% from the previous share price of ₹0.54. It also states that technical analysis shows “sell” for the day and “sell” for the 1-week rating. Separately, the text mentions an increase in cash used for investing activities of ₹4.92 crore, a year-on-year increase of 9.97%, sourced from standalone financials.

Why these datapoints matter for investors

For Manappuram Finance, the FY25 investor deck puts AUM growth next to a sharp year-on-year decline in consolidated profits, and it provides a clearer view of costs, funding, and liquidity movements. The quarter-level swings in PBT and PAT shown in the consolidated P&L table underline how quickly reported earnings can move between quarters, even as core balances like AUM remain relatively steady.

For MFL India, the snapshot is primarily informational: it combines basic company profile details, a small-cap market cap reference, a specific share price point on a stated date, and a technical rating that is explicitly described as “sell” for both near-term timeframes provided.

Closing summary

Manappuram Finance’s Q4 and FY2025 presentation reports consolidated AUM of ₹43,034 crore with FY25 PAT of ₹1,204 crore, alongside detailed disclosures on gold loan momentum, liquidity, and funding costs. For MFL India, the provided details highlight its logistics profile, leadership, and a ₹0.53 share price point on 04 Sep 2025 with a stated “sell” technical rating. Investors typically track upcoming company disclosures and subsequent presentations for confirmation of trends highlighted in these period-end snapshots.