Manappuram Finance

“From a pricing perspective, we will probably be in this broad band around 18%. And basically, that's where we will be.”

“We do not want to disburse any more vehicle loans during this year. After one year, that probably in FY 2028, we may consider whether to restart or not.”

“So our present target is around 500 branches. After that, we'll examine and proceed.”

“Asirvad AUM stands at INR7,188 crore, up by 5.8% QOQ and up by 7.2% year-on-year. Asirvad has reported a PAT of INR21 crores in this quarter, up by 58% QOQ and up by 108% year-on-year.”

“I will tell at the group level, we want to contain microfinance at below 10% at a consolidated level.”

“We have temporarily stopped the vehicle lending, vehicle finance. We are focusing on collection.”

“Gold loan continued to be our key growth driver with an AUM of INR57,006 crores, up by almost 12% quarter-on-quarter and by about 98% year-on-year, supported by strong customer demand.”

“This first quarter, despite seasonally being slow, we had a good momentum, and we continue to build on that momentum in July and August as well, both from a customer perspective and from a tonnage perspective as well.”

“Slowly the profile of the customer is moving to the business class.”

“So in Q1, essentially, we had taken some pricing actions, which are beginning to kind of yield results to us, which is what you see in Q1 numbers. And we see similar trends going forward as well.”

“So currently, our pricing is at the lowest range in the NBFC industry. So with the market, we cannot be totally away from the market.”

“Our AUM per branch is growing. It has grown considerably high. You can see the opex to AUM is also steadily coming down. We hope to improve that going forward.”

“Stand-alone GNPA was at 1.56% versus 1.8% in prior quarter and credit cost in stand-alone entity for the quarter was 1%.”

“In Q1 FY27, performance was driven by a strategic focus on gold loan growth, improved gold loan yields through a greater emphasis on non-gold loan collections and strengthened asset quality.”

“The stand-alone borrowing cost has gone up by about 10 bps in the first quarter of FY27.”

“It is very difficult to put a number in terms of where this will settle in. But having seen that these are elevated currently, we could expect some of this coming into our cost of fund as well.”

“when we have over 30% of our books in the secured gold loan, it gives us definitely an opportunity to go back to our lenders and negotiate prices for a better cost of borrowing, which we are actively in place.”

“The interest rate on this scheme, it ranges from 14%-16%.”

“The Board has declared an interim dividend of INR1 for this quarter.”

“Mr. Ashish Singh has been appointed as the MD and CEO and expected to join by January 1st of 2027.”

“He has wide experience, 25 years with multiple lending institutions. He has both worked on the liability side as well as the retail lending side. His experience is good. He has worked in Fullerton India as in the NBFC.”

“Yes, it's a write-off, we can get back on more specifics on that.”

“In Q4 there were one-timers in terms of releases. I think Q1 is more representative of a normalized provision cycle.”

“Q4 had a one-timer. Obviously, it was in single digits, I think 9 crores or something.”

“So you see that the price of gold has dropped by about 8.5%. Consequently, you see a similar movement on the LTV side.”

“Yes, as per the regulation, there is no LTV cap. But internally, we have fixed up the cap to be 85% maximum.”

“Online gold loan doesn't come under the overdraft. It is a normal loan only.”

“In the vehicle finance business, we have reported an AUM of INR2,562 crores, down 14.3% quarter-on-quarter and 43% year-on-year. Focus is now on collections as GNPA continues to be elevated at 13.3% versus 10.4% in prior quarter.”

“Our consolidated AUM for Q1 FY27 was at INR69,635 crores, up by 9% sequentially and 57% year-on-year.”

“Consolidated revenue from operations for the quarter stood at INR3,033 crores, up by 16% QOQ and up by 34% year-on-year. Profit After Tax stood at INR585 crores, up by 45% QOQ and up by 47% year-on-year.”

“Consolidated gold loan AUM for Q1 FY'27 was at INR57,006 crores. It is 82% of our consolidated AUM versus 80% for Q4 FY'26.”

“During the quarter, we were able to add about 3.2 lakh new customers and outstanding number of customers was 26.5 lakhs. Our average gold loan LTV was at 65.6% in Q1 FY27.”

“Online gold loan book accounts for about 86% of the total gold loan book.”