Manappuram Finance Q4 FY26 turns profitable at ₹404cr

Key takeaway from the March 2026 quarter

Manappuram Finance reported a sharp turnaround in Q4 FY26, moving back into profit after a loss in the year-ago quarter. The company’s audited results for the quarter and year ended March 31, 2026, also highlighted higher assets under management (AUM) and a declared interim dividend. For investors tracking NBFC earnings, the set of numbers is notable because it combines profitability recovery in the quarter with weaker full-year comparison.

Q4 FY26: net profit rebounds from a loss

For Q4 FY26, Manappuram Finance posted a consolidated net profit of ₹403.96 crore. This compared with a consolidated net loss of ₹191.17 crore in Q4 FY25, as stated in the results summary. The company also reported a pre-tax profit of ₹563.81 crore in Q4 FY26 versus a pre-tax loss of ₹235.88 crore in Q4 FY25.

The quarter’s revenue from operations increased 10.71% year-on-year to ₹2,613.83 crore. Net interest income (NII) rose 2.6% year-on-year to ₹1,504 crore. Separately, another market summary in the provided text referenced a Q4 FY25 net loss of about ₹203.18 crore, underscoring that different summaries in circulation cite slightly different loss figures for the prior-year quarter.

AUM jumps sharply in Q4 FY26

A key balance sheet metric in the release was the jump in AUM. The company reported AUM of ₹63,798 crore in Q4 FY26, up 48.3% from ₹43,034 crore in Q4 FY25. The same set of notes also referenced that in Q3 FY26 (quarter ended December 31, 2025), net profit after tax was ₹415 crore and AUM was about ₹39,800 crore.

For lenders, the AUM number matters because it helps explain the scale at which net interest income and credit costs play out. A fast rise in AUM also typically increases funding needs, making liquidity and borrowing lines important context for the quarter.

FY26 performance: revenue down, profit lower year-on-year

On a full-year basis, the article text carried two net profit figures for FY26. One summary said consolidated net profit fell 17.51% to ₹993.14 crore in FY26, along with a 5.01% decline in revenue from operations to ₹9,509.39 crore. In the audited-results description, the annual consolidated net profit was also stated as ₹1,003.30 crore for the year ended March 31, 2026, with the same revenue from operations of ₹9,509.39 crore.

For comparison, another section in the provided text stated that FY25 net profit was ₹1,216.15 crore. Taken together, the narrative from the numbers is that FY26 revenue from operations was reported at ₹9,509.39 crore and annual profit was around ₹1,000 crore, lower than the previous year.

Dividend: ₹0.50 per share and record date

The board declared a fourth interim dividend of ₹0.50 per equity share (25%) for FY 2025-26. The face value of each equity share is ₹2. The record date stated in the results note was Monday, May 11, 2026, to determine shareholder eligibility.

Dividend declarations are closely watched in NBFCs because they reflect capital allocation preferences alongside growth and provisioning needs.

Segment snapshot: gold loans and microfinance

The company continues to disclose two primary reportable segments: Gold Loan and others, and Microfinance. For Q4 FY26, the Gold Loan segment reported segment results of ₹522.88 crore. For the full year, segment revenue for Gold Loan was stated at ₹8,274.38 crore, while the Microfinance segment reported revenue of ₹1,250.30 crore.

These disclosures matter because segment-level results often influence how investors interpret consolidated profit swings, especially in periods when microfinance credit costs move sharply.

Liquidity, borrowings, and credit rating

Manappuram Finance reported outstanding qualified borrowings of ₹24,518.11 crore as of March 31, 2026. The company also reported an AA Stable credit rating in the same context. In addition, consolidated total assets were stated at ₹74,559.33 crore as of March 31, 2026.

The release also referenced a capital adequacy ratio (CRAR) of 30.91%. These balance sheet indicators help readers gauge funding access and the ability to absorb portfolio volatility.

Capital actions: share capital and equity allotment

During the fiscal year, the company expanded its authorised share capital to ₹300 crore. It also received ₹2,192.47 crore via equity allotment from BC Asia Investments XXV Limited in March 2026. The disclosures positioned these moves as steps to strengthen the balance sheet and support future growth initiatives.

Market context and scheduled earnings call

The company scheduled a virtual earnings call for Monday, May 4, 2026, at 5 PM IST, to discuss Q4 and full-year FY26 results. Separately, one market update in the provided text said the stock rose 0.41% to close at ₹228.80.

Key numbers at a glance

Why the update matters

The Q4 swing back to profit, alongside a double-digit rise in revenue from operations and higher NII, provides a clearer picture of operating performance in the March 2026 quarter. At the same time, the full-year comparison points to a weaker FY26 versus FY25 on consolidated profitability, based on the annual figures cited.

For investors, the combination of AUM expansion, funding disclosures (qualified borrowings), and capital actions (equity allotment and authorised capital increase) forms the core context for tracking how the lender funds growth while maintaining credit metrics.

Conclusion

Manappuram Finance ended Q4 FY26 with a return to profitability and reported higher revenue and AUM versus the year-ago quarter. The board’s ₹0.50 interim dividend with a May 11, 2026 record date and the scheduled May 4 earnings call are the next formal touchpoints for shareholders watching guidance and segment commentary.