Manba Finance Q4 FY26 profit rises 39%, dividend set

Key takeaway from the board outcome

Manba Finance Limited declared its audited standalone results for the quarter and year ended March 31, 2026, after a board meeting held on May 18, 2026. The company reported higher profit and income on the back of growth in its core financing activity. Alongside the financials, the board recommended a final dividend and cleared a plan to raise funds through debt securities. The company also followed up with an earnings conference call on May 19, 2026, to discuss the numbers.

FY26 profit rises to INR 45.36 crore

For the full financial year FY26, Manba Finance posted net profit after tax (PAT) of INR 45.36 crore, up from INR 37.80 crore in the previous year. Total income for the year reached INR 330.19 crore. Management commentary during the earnings call also referenced PAT of INR 45 crore for FY26 and year-on-year growth of about 20%, broadly consistent with the audited PAT figures.

Q4 FY26: income climbs, PAT improves to INR 11.13 crore

In the March 2026 quarter (Q4 FY26), the company reported total income of INR 93.42 crore, compared with INR 68.00 crore in Q4 FY25. Net profit after tax for the quarter was INR 11.13 crore, up from INR 8.02 crore a year earlier. Basic and diluted earnings per share (EPS) for the quarter stood at INR 2.21, versus INR 1.60 in Q4 FY25.

The company also disclosed a quarterly net profit margin of 18.13% in Q4 FY26, compared with 16.46% in the corresponding quarter of the previous year. Separately reported revenue from operations for the quarter was INR 92.37 crore.

Net interest income and margin metrics highlighted on the call

In the earnings call commentary, management said net interest income (NII) for Q4 FY26 stood at INR 50 crore, registering 34% year-on-year growth. For FY26, NII was stated at INR 162 crore, reflecting 24% year-on-year growth, with improvement linked to steady growth and funding efficiency.

The company also cited a net interest margin (NIM) of 13.63% for FY26, supported by a gross yield of 22.85%. These metrics were presented as part of a broader profitability update.

Loan book scale: AUM at INR 1,713 crore and disbursements at INR 977 crore

As of March 31, 2026, assets under management (AUM) was reported at INR 1,713 crore, reflecting 29% year-on-year growth. The company said its balance sheet size stood at INR 1,979 crore.

For FY26, management stated disbursements of INR 977 crore, compared with INR 842 crore in the same period last year. The company attributed performance drivers to demand in the two-wheeler segment and an expanding dealer network, along with additions of new locations during the quarter.

Customer additions and operating momentum

During Q4 FY26, the company said it added around 28,500 new customers, taking its total live customer base to over 2.20 lakh. The commentary linked customer addition and disbursement growth to wider network reach and demand conditions in its key vehicle financing segments.

Cost lines: expenses and finance costs moved higher

For Q4 FY26, total expenses were reported at INR 76.5 crore, up from INR 56.8 crore in Q4 FY25. Finance costs increased to INR 42.6 crore, compared with INR 29.0 crore in the year-ago quarter, reflecting higher borrowings alongside the expansion in lending operations.

Despite higher costs, profit before tax (PBT) for Q4 FY26 rose to INR 16.9 crore, up 51% year-on-year.

Dividend recommendation and debt-raising approval

The board recommended a final dividend of INR 0.25 per share, subject to shareholder approval at the annual general meeting. In addition, it approved the issuance of debt securities up to INR 200 crore.

These decisions matter for investors tracking both shareholder payout signals and funding plans, especially for a lender where growth is closely linked to access to borrowings.

Earnings call timing and participants

Following the results announcement, the company held an earnings conference call on May 19, 2026, to discuss audited standalone results for Q4 FY26 and FY26. The call was scheduled for 2:00 PM IST. Management participants mentioned for the call included Manish Shah (Managing Director) and Jay Mota (Executive Director and CFO).

Key financial snapshot (all amounts in INR crore)

Market impact: what the numbers indicate

The reported year-on-year increase in quarterly income and profit, along with a higher net profit margin, signals improved operating leverage in Q4 FY26. At the same time, expenses and finance costs also rose sharply, showing that growth came with a higher funding and operating cost base.

The debt securities approval of up to INR 200 crore is relevant because funding is a key input for expanding a loan book. The AUM figure of INR 1,713 crore and FY26 disbursements of INR 977 crore provide context on scale and activity levels discussed during the earnings call.

Analysis: why the FY26 update matters

Manba Finance’s FY26 results combine three elements that investors typically track in a lender: profit growth, income growth, and balance sheet expansion. The company reported FY26 PAT of INR 45.36 crore and quarterly PAT of INR 11.13 crore, while also indicating NIM of 13.63% and gross yield of 22.85% in its commentary.

The data also shows the trade-off between growth and cost. Finance costs rose to INR 42.6 crore in Q4 FY26 from INR 29.0 crore in Q4 FY25, and total expenses rose to INR 76.5 crore from INR 56.8 crore. How effectively the company funds growth and manages credit and operating costs remains a key monitoring point, based on the cost movement disclosed for the quarter.

Conclusion

Manba Finance closed FY26 with higher PAT and higher quarterly income, alongside AUM growth and increased disbursements. The board’s INR 0.25 final dividend recommendation and approval for up to INR 200 crore in debt securities add two clear corporate actions to the results announcement. Next, investors will track updates and clarifications shared through the May 19, 2026 earnings call discussion of the audited standalone numbers.