Manba Finance Q1 FY27: PAT up 36% to ₹13.26 cr

Key takeaway from Manba Finance’s Q1 update

Manba Finance reported a sharp year-on-year improvement in profitability for the quarter ended June 30, 2026 (Q1 FY27), supported by higher interest income and a rise in other operating income. The Mumbai-based non-banking financial company (NBFC) posted profit after tax (PAT) of ₹13.26 crore, up 36% from the same quarter last year. Revenue from operations came in at ₹92.61 crore, slightly lower than the previous quarter but significantly higher than the year-ago period. The company also announced an interim dividend, adding a shareholder return element to the quarterly update.

The results highlight a familiar NBFC pattern: strong income growth alongside higher funding and credit-related costs. While quarterly revenue was marginally lower sequentially, the year-on-year expansion remained strong. The interim dividend declaration, along with the record date and payout timeline, provides near-term clarity for shareholders.

Q1 FY27 profit rises even as revenue dips QoQ

For Q1 FY27, Manba Finance’s revenue from operations stood at ₹92.61 crore. This was marginally lower than ₹93.41 crore in Q4 FY26, but materially higher than ₹67.00 crore in Q1 FY26. The company reported PAT of ₹13.26 crore versus ₹11.13 crore in Q4 FY26 and ₹9.75 crore in Q1 FY26.

Profit before tax (PBT) was reported at ₹16.11 crore, which was slightly lower than ₹16.94 crore in the preceding quarter. The quarter’s basic earnings per share (EPS) was ₹2.64, compared with ₹2.21 in Q4 FY26 and ₹1.94 in Q1 FY26. The combination of higher PAT year-on-year and lower PBT quarter-on-quarter suggests that movements below the PBT line also played a role, even as operating performance remained the main driver.

Interest income remains the primary growth engine

Interest income continued to be the largest contributor to the top line. In Q1 FY27, interest income rose to ₹85.12 crore from ₹63.04 crore in Q1 FY26. Sequentially, however, interest income was lower than ₹92.37 crore recorded in Q4 FY26.

Other operating income also expanded on a year-on-year basis. It increased to ₹7.48 crore in Q1 FY27 from ₹3.96 crore in Q1 FY26. On a sequential basis, other operating income was higher than ₹1.04 crore in Q4 FY26. Taken together, the year-on-year rise in interest income and other operating income explains most of the growth in revenue and profitability versus last year’s June quarter.

Expenses stable, but finance costs and impairment rise YoY

Total expenses for the quarter were reported at ₹76.50 crore, described as stable in the update. Within this, finance costs increased to ₹43.52 crore from ₹32.39 crore in Q1 FY26, indicating higher funding costs versus the year-ago period.

The company also reported impairment on financial instruments of ₹7.91 crore in Q1 FY27. This compares with ₹4.34 crore in Q1 FY26. The rise in impairment is a key datapoint for investors tracking asset quality and credit cost trends, especially in lending businesses where growth and underwriting discipline must be assessed together.

Snapshot of quarterly financial performance

The table below summarises the key reported items across Q1 FY27, Q4 FY26, and Q1 FY26. All figures are in ₹ crore.

Interim dividend: amount, record date, payment timeline

Manba Finance declared a first interim dividend of ₹0.25 per equity share for FY 2026-27. The dividend applies to equity shares with a face value of ₹10 each.

The record date for determining eligible shareholders has been fixed as August 7, 2026. Payment is scheduled on or before August 20, 2026. The company declared the interim dividend on July 27, 2026, aligning with the board meeting date referenced for considering the quarter’s standalone financial results and the potential dividend.

New EV-focused product: battery replacement loans for e-three-wheelers

Alongside the financial results, the company disclosed a new loan product aimed at financing the replacement of lithium-ion batteries for electric three-wheelers. The product is positioned as a financing solution for a major expense faced by e-rickshaw and e-cart owner-operators.

For lenders, vehicle and mobility-linked financing products can create repeat demand when components such as batteries require replacement. The update indicates a focus on a specific and practical use case, rather than a broad announcement about EV lending.

Context from FY26: audited results and debt issuance plan

Manba Finance previously reported audited standalone financial results for the quarter and full year ended March 31, 2026. For FY ended March 31, 2026, it reported net profit after tax of ₹45.36 crore, up from ₹37.80 crore in the previous year, with total income of ₹330.19 crore.

The audited results were approved by the Board on May 18, 2026, and published in newspapers on May 20, 2026. The company also recommended a final dividend of ₹0.25 per share for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. In addition, it approved a framework for issuance of debt securities up to ₹200 crore, including instruments such as secured NCDs and other debt securities, via private placement in one or more tranches.

Market datapoints mentioned alongside the results

The information shared alongside the results included multiple price references. Manba Finance shares were noted as having closed at ₹105.69 on May 15, 2026 (NSE). The share price was also cited as ₹131.86 as of June 30, 2026, and another quoted current price level was ₹129.35 with a change of -₹0.35 (-0.27%).

These price points help frame how the market has been valuing the stock around the period in which the quarterly results and dividend actions were being discussed.

Why the quarter matters for investors tracking NBFCs

The quarter combines three datapoints investors typically track in NBFCs: growth in core interest income, movement in funding costs, and the level of impairment. In Manba Finance’s case, interest income was higher year-on-year, but finance costs also rose versus last year. Impairment on financial instruments increased year-on-year as well.

At the same time, revenue from operations was broadly flat sequentially, and PBT was slightly lower than the previous quarter. The PAT growth year-on-year and improvement versus the immediately preceding quarter, along with a dividend declaration, make Q1 FY27 an important checkpoint for tracking how the company balances growth, cost of funds, and credit costs.

Conclusion

Manba Finance’s Q1 FY27 results showed a 36% year-on-year rise in PAT to ₹13.26 crore, supported by higher interest income and higher other operating income. Revenue from operations at ₹92.61 crore was marginally lower than Q4 FY26 but well above the year-ago quarter. The company also declared an interim dividend of ₹0.25 per share, with a record date of August 7, 2026, and payment on or before August 20, 2026. Investors will track subsequent updates for how finance costs and impairment trends evolve alongside growth initiatives such as the lithium-ion battery replacement loan product.