Manba Finance Q2 FY27 Results: Revenue Rises 25.7% YoY

Quarterly revenue grows from the year-ago base

Manba Finance Ltd reported revenue from operations of ₹97.74 crore for the quarter ended September 30, 2026, compared with ₹77.77 crore in the corresponding quarter a year earlier. This represents an increase of ₹19.97 crore, or about 25.7% year on year. The figures were part of the company's Q2 FY27 results approved by the board on October 27, 2026. The reporting period covers July to September 2026. Manba Finance is a non-banking financial company with lending activities across vehicle finance and other loan categories. The quarterly statement provides reported financial figures, rather than management projections or guidance.

Interest income remains the largest revenue component

Interest income rose to ₹92.64 crore in Q2 FY27 from ₹71.89 crore in Q2 FY26. The increase in interest income accounted for most of the rise in revenue from operations during the quarter. Other operating income, however, declined to ₹5.11 crore from ₹5.88 crore a year earlier. As a result, the growth in total operating revenue was driven by the interest income line rather than by other operating income. Total income, including other income, stood at ₹97.76 crore, up from ₹77.71 crore in the year-ago quarter. The supplied results information does not provide revenue or loan-volume guidance for subsequent quarters.

Standalone net profit rises 20.5%

Standalone profit after tax for the September 2026 quarter was ₹13.73 crore, compared with ₹11.40 crore in the September 2025 quarter. This is an increase of approximately 20.5% on a year-on-year basis. The profit growth was lower than the reported growth in revenue from operations. The company reported total expenses of ₹76.05 crore for the quarter. Its results information does not explicitly state EBITDA or operating margin, so those measures cannot be calculated from the disclosed figures without making assumptions. Similarly, the company did not provide a margin outlook for EBITDA, operating margin or profit after tax.

Key Q2 FY27 financial figures

Board declares second interim dividend

Alongside the quarterly results, Manba Finance's board declared a second interim dividend of ₹0.25 per share. The board outcome dated October 27 also recorded approval for the Q2 FY27 financial results. Dividend declarations are separate from the quarterly income statement, but they are relevant for shareholders assessing the board's capital-distribution decision. The material supplied does not state the record date, payment date or total dividend payout. It also does not indicate any change to the company's stated dividend policy. Shareholders would need to refer to the company's subsequent corporate-action disclosures for those details.

Debt issuance approval provides funding headroom

The board authorised issuance of debt securities, including non-convertible debentures, up to ₹200 crore. The company has stated that funds were raised through private placement of non-convertible debentures and that there was no deviation or variation in the use of funds from the debt issuance. Non-convertible debentures are debt instruments and do not dilute equity shareholders. No proceeds from an issue of shares were reported for the relevant half-year period. The approval provides a stated ceiling for debt issuance, not a confirmation that the entire ₹200 crore has already been raised. The supplied information does not specify the timing, coupon, tenure or tranche-wise amount of any future securities issuance.

Half-year cash flow shows lower borrowing proceeds

For the half year ended September 30, 2026, proceeds from borrowings were reported at ₹19.34 crore, compared with ₹387.23 crore in the previous period. Net cash generated from financing activities was ₹14.95 crore in the current half year. These figures indicate a substantial change in the level of gross borrowing proceeds between the two comparable periods. Cash-flow data should be read separately from the board's ₹200 crore debt-issuance authorisation, as an approval does not necessarily translate into immediate borrowing. The material also refers to debt-related fundraising and repayments, but does not provide a detailed maturity schedule or a breakdown of repayments. No equity fundraising was reported for the period.

No order-book disclosures in the results material

The investor material does not report an order book, order inflow or pending orders. That is consistent with the nature of an NBFC, where lending assets, disbursements, collections and asset quality can be more relevant operating indicators than an industrial order book. However, the supplied Q2 results extract does not provide quarter-specific figures for assets under management, disbursements, collections or asset-quality ratios. It also does not include management guidance on loan growth, revenue or profitability. As a result, the reported quarterly financial statement is the primary basis for assessing the September-quarter performance.

Earnings call and management updates

Manba Finance announced an investor conference call scheduled for October 28, 2026 at 4:00 PM IST to discuss its Q2 FY27 results and operational updates. At the time reflected in the supplied material, an earnings-call transcript had not been published. Therefore, the available information does not include verified management commentary on outlook, growth plans or margins. The board also approved a chairperson change effective October 27, 2026, although the supplied extract does not identify the individual involved. Any further details on management discussion, capital raising or business plans would depend on later exchange filings or the conference-call transcript.

What the quarter means for investors

The September-quarter statement shows that Manba Finance increased revenue from operations by about one-fourth from the prior-year period, while standalone profit after tax rose by about one-fifth. Interest income was the principal contributor to revenue growth, while other operating income was lower than a year earlier. The declared ₹0.25 per-share interim dividend and the ₹200 crore debt-securities approval were the other key board decisions. Since EBITDA, operating margins and forward guidance were not explicitly reported, they should not be inferred from the available statement. Investors awaiting a broader operating assessment will need to monitor the company’s earnings-call disclosures and subsequent regulatory filings.