| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,161 | 2,305 | 2,348 | 2,488 | 2,633 | 2,560 | 2,361 | 2,262 | 2,273 | 2,354 | 2,614 | 3,034 | |
Growth YoY Revenue Growth YoY% | 27.4 | 34.4 | 32.2 | 22.6 | 21.9 | 11.0 | 0.6 | -9.1 | -13.7 | -8.0 | 10.7 | 34.1 |
Interest Expended Interest ExpendedCr | 689 | 749 | 779 | 848 | 906 | 925 | 895 | 855 | 876 | 945 | 1,109 | 1,274 |
Expenses ExpensesCr | 675 | 729 | 773 | 846 | 892 | 1,191 | 1,637 | 1,233 | 1,018 | 1,034 | 877 | 906 |
| 796 | 827 | 796 | 793 | 835 | 444 | -172 | 174 | 380 | 375 | 627 | 854 | |
FPM FPM% | 36.8 | 35.9 | 33.9 | 31.9 | 31.7 | 17.3 | -7.3 | 7.7 | 16.7 | 15.9 | 24.0 | 28.1 |
| 13 | 21 | 14 | 24 | 4 | 3 | 2 | 3 | 2 | 5 | 12 | 6 | |
Depreciation DepreciationCr | 63 | 62 | 65 | 64 | 67 | 70 | 66 | 75 | 79 | 77 | 75 | 78 |
PBT PBTCr | 747 | 786 | 746 | 753 | 773 | 376 | -236 | 102 | 302 | 303 | 564 | 782 |
| 186 | 211 | 182 | 196 | 201 | 98 | -33 | -31 | 85 | 64 | 159 | 197 | |
| 561 | 575 | 564 | 557 | 572 | 278 | -203 | 132 | 217 | 239 | 405 | 585 | |
Growth YoY PAT Growth YoY% | 36.9 | 46.2 | 35.7 | 11.8 | 2.0 | -51.6 | -136.1 | -76.2 | -62.0 | -14.3 | 299.2 | 341.4 |
NPM NPM% | 25.9 | 25.0 | 24.0 | 22.4 | 21.7 | 10.9 | -8.6 | 5.9 | 9.6 | 10.1 | 15.5 | 19.3 |
| 6.6 | 6.8 | 6.7 | 6.6 | 6.8 | 3.3 | -2.4 | 1.6 | 2.6 | 2.8 | 4.8 | 6.2 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,161 | 2,305 | 2,348 | 2,488 | 2,633 | 2,560 | 2,361 | 2,262 | 2,273 | 2,354 | 2,614 | 3,034 | |
Growth YoY Revenue Growth YoY% | 27.4 | 34.4 | 32.2 | 22.6 | 21.9 | 11.0 | 0.6 | -9.1 | -13.7 | -8.0 | 10.7 | 34.1 |
Interest Expended Interest ExpendedCr | 689 | 749 | 779 | 848 | 906 | 925 | 895 | 855 | 876 | 945 | 1,109 | 1,274 |
Expenses ExpensesCr | 675 | 729 | 773 | 846 | 892 | 1,191 | 1,637 | 1,233 | 1,018 | 1,034 | 877 | 906 |
| 796 | 827 | 796 | 793 | 835 | 444 | -172 | 174 | 380 | 375 | 627 | 854 | |
FPM FPM% | 36.8 | 35.9 | 33.9 | 31.9 | 31.7 | 17.3 | -7.3 | 7.7 | 16.7 | 15.9 | 24.0 | 28.1 |
| 13 | 21 | 14 | 24 | 4 | 3 | 2 | 3 | 2 | 5 | 12 | 6 | |
Depreciation DepreciationCr | 63 | 62 | 65 | 64 | 67 | 70 | 66 | 75 | 79 | 77 | 75 | 78 |
PBT PBTCr | 747 | 786 | 746 | 753 | 773 | 376 | -236 | 102 | 302 | 303 | 564 | 782 |
| 186 | 211 | 182 | 196 | 201 | 98 | -33 | -31 | 85 | 64 | 159 | 197 | |
| 561 | 575 | 564 | 557 | 572 | 278 | -203 | 132 | 217 | 239 | 405 | 585 | |
Growth YoY PAT Growth YoY% | 36.9 | 46.2 | 35.7 | 11.8 | 2.0 | -51.6 | -136.1 | -76.2 | -62.0 | -14.3 | 299.2 | 341.4 |
NPM NPM% | 25.9 | 25.0 | 24.0 | 22.4 | 21.7 | 10.9 | -8.6 | 5.9 | 9.6 | 10.1 | 15.5 | 19.3 |
| 6.6 | 6.8 | 6.7 | 6.6 | 6.8 | 3.3 | -2.4 | 1.6 | 2.6 | 2.8 | 4.8 | 6.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 2,360 | 3,385 | 3,421 | 4,180 | 5,465 | 6,331 | 6,061 | 6,700 | 8,848 | 10,011 | 9,509 | 10,275 |
Growth Revenue Growth% | 18.8 | 43.4 | 1.0 | 22.2 | 30.8 | 15.8 | -4.3 | 10.5 | 32.1 | 13.2 | -5.0 | 4.7 |
Interest Expended Interest ExpendedCr | 947 | 1,169 | 1,030 | 1,345 | 1,832 | 2,219 | 2,011 | 2,188 | 2,866 | 3,541 | 3,786 | 4,204 |
Expenses ExpensesCr | 820 | 1,011 | 1,344 | 1,365 | 1,547 | 1,669 | 2,133 | 2,317 | 2,848 | 4,557 | 4,162 | 3,835 |
| 593 | 1,205 | 1,047 | 1,469 | 2,086 | 2,443 | 1,916 | 2,195 | 3,134 | 1,913 | 1,561 | 2,236 | |
FPM FPM% | 25.1 | 35.6 | 30.6 | 35.2 | 38.2 | 38.6 | 31.6 | 32.8 | 35.4 | 19.1 | 16.4 | 21.8 |
| 11 | 24 | 58 | 63 | 86 | 44 | 65 | 50 | 72 | 20 | 15 | 25 | |
Depreciation DepreciationCr | 56 | 63 | 68 | 75 | 164 | 171 | 198 | 204 | 246 | 267 | 307 | 310 |
PBT PBTCr | 548 | 1,166 | 1,037 | 1,457 | 2,007 | 2,316 | 1,784 | 2,041 | 2,960 | 1,666 | 1,270 | 1,950 |
| 193 | 407 | 361 | 508 | 527 | 591 | 455 | 541 | 762 | 462 | 277 | 505 | |
PAT PATCr | 355 | 758 | 676 | 949 | 1,480 | 1,725 | 1,329 | 1,500 | 2,198 | 1,204 | 993 | 1,445 |
Growth PAT Growth% | 30.8 | 113.6 | -10.9 | 40.3 | 56.1 | 16.5 | -23.0 | 12.9 | 46.5 | -45.2 | -17.5 | 85.3 |
NPM NPM% | 15.1 | 22.4 | 19.8 | 22.7 | 27.1 | 27.3 | 21.9 | 22.4 | 24.8 | 12.0 | 10.4 | 14.1 |
| 4.2 | 9.0 | 8.0 | 11.3 | 17.5 | 20.4 | 15.7 | 17.7 | 26.0 | 14.2 | 11.7 | 16.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 2,360 | 3,385 | 3,421 | 4,180 | 5,465 | 6,331 | 6,061 | 6,700 | 8,848 | 10,011 | 9,509 | 10,275 |
Growth Revenue Growth% | 18.8 | 43.4 | 1.0 | 22.2 | 30.8 | 15.8 | -4.3 | 10.5 | 32.1 | 13.2 | -5.0 | 4.7 |
Interest Expended Interest ExpendedCr | 947 | 1,169 | 1,030 | 1,345 | 1,832 | 2,219 | 2,011 | 2,188 | 2,866 | 3,541 | 3,786 | 4,204 |
Expenses ExpensesCr | 820 | 1,011 | 1,344 | 1,365 | 1,547 | 1,669 | 2,133 | 2,317 | 2,848 | 4,557 | 4,162 | 3,835 |
| 593 | 1,205 | 1,047 | 1,469 | 2,086 | 2,443 | 1,916 | 2,195 | 3,134 | 1,913 | 1,561 | 2,236 | |
FPM FPM% | 25.1 | 35.6 | 30.6 | 35.2 | 38.2 | 38.6 | 31.6 | 32.8 | 35.4 | 19.1 | 16.4 | 21.8 |
| 11 | 24 | 58 | 63 | 86 | 44 | 65 | 50 | 72 | 20 | 15 | 25 | |
Depreciation DepreciationCr | 56 | 63 | 68 | 75 | 164 | 171 | 198 | 204 | 246 | 267 | 307 | 310 |
PBT PBTCr | 548 | 1,166 | 1,037 | 1,457 | 2,007 | 2,316 | 1,784 | 2,041 | 2,960 | 1,666 | 1,270 | 1,950 |
| 193 | 407 | 361 | 508 | 527 | 591 | 455 | 541 | 762 | 462 | 277 | 505 | |
PAT PATCr | 355 | 758 | 676 | 949 | 1,480 | 1,725 | 1,329 | 1,500 | 2,198 | 1,204 | 993 | 1,445 |
Growth PAT Growth% | 30.8 | 113.6 | -10.9 | 40.3 | 56.1 | 16.5 | -23.0 | 12.9 | 46.5 | -45.2 | -17.5 | 85.3 |
NPM NPM% | 15.1 | 22.4 | 19.8 | 22.7 | 27.1 | 27.3 | 21.9 | 22.4 | 24.8 | 12.0 | 10.4 | 14.1 |
| 4.2 | 9.0 | 8.0 | 11.3 | 17.5 | 20.4 | 15.7 | 17.7 | 26.0 | 14.2 | 11.7 | 16.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 168 | 168 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 188 |
Reserves ReservesCr | 2,590 | 3,193 | 3,645 | 4,375 | 5,545 | 7,138 | 8,199 | 9,476 | 11,379 | 12,263 | 15,315 |
Borrowings BorrowingsCr | 8,367 | 9,403 | 12,607 | 15,297 | 22,574 | 22,716 | 24,118 | 28,483 | 33,653 | 35,421 | 57,246 |
Other Liabilities Other LiabilitiesCr | 1,714 | 2,387 | 609 | 605 | 1,248 | 1,314 | 1,321 | 1,376 | 1,546 | 1,351 | 1,811 |
Total Liabilities Total LiabilitiesCr | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 | 49,205 | 74,559 |
| 195 | 187 | 274 | 331 | 767 | 890 | 1,016 | 1,059 | 1,034 | 1,098 | 1,022 | |
Cash Equivalents Cash EquivalentsCr | 604 | 555 | 724 | 1,164 | 3,667 | 2,912 | 2,697 | 3,035 | 3,181 | 3,808 | 6,149 |
Other Assets Other AssetsCr | 12,040 | 14,410 | 16,031 | 18,950 | 25,101 | 27,535 | 30,094 | 35,410 | 42,532 | 44,299 | 67,389 |
Total Assets Total AssetsCr | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 | 49,205 | 74,559 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 168 | 168 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 188 |
Reserves ReservesCr | 2,590 | 3,193 | 3,645 | 4,375 | 5,545 | 7,138 | 8,199 | 9,476 | 11,379 | 12,263 | 15,315 |
Borrowings BorrowingsCr | 8,367 | 9,403 | 12,607 | 15,297 | 22,574 | 22,716 | 24,118 | 28,483 | 33,653 | 35,421 | 57,246 |
Other Liabilities Other LiabilitiesCr | 1,714 | 2,387 | 609 | 605 | 1,248 | 1,314 | 1,321 | 1,376 | 1,546 | 1,351 | 1,811 |
Total Liabilities Total LiabilitiesCr | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 | 49,205 | 74,559 |
| 195 | 187 | 274 | 331 | 767 | 890 | 1,016 | 1,059 | 1,034 | 1,098 | 1,022 | |
Cash Equivalents Cash EquivalentsCr | 604 | 555 | 724 | 1,164 | 3,667 | 2,912 | 2,697 | 3,035 | 3,181 | 3,808 | 6,149 |
Other Assets Other AssetsCr | 12,040 | 14,410 | 16,031 | 18,950 | 25,101 | 27,535 | 30,094 | 35,410 | 42,532 | 44,299 | 67,389 |
Total Assets Total AssetsCr | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 | 49,205 | 74,559 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,042 | -1,271 | -33 | -1,661 | -3,620 | -619 | -423 | -3,103 | -3,450 | -467 | -20,238 | |
| 72 | -25 | -148 | -371 | 26 | -186 | -193 | -616 | -601 | -125 | -1,632 | |
| 772 | 1,211 | 293 | 2,388 | 6,049 | 59 | 438 | 3,849 | 4,092 | 1,132 | 23,834 | |
Net Cash Flow Net Cash FlowCr | -198 | -84 | 112 | 356 | 2,455 | -747 | -177 | 130 | 41 | 541 | 1,965 |
Free Cash Flow Free Cash FlowCr | -1,121 | -1,324 | -193 | -1,787 | -3,716 | -672 | -585 | -3,275 | -3,585 | -662 | -20,427 |
CFO To EBITDA CFO To EBITDA% | -175.7 | -105.4 | -3.2 | -113.1 | -173.6 | -25.4 | -22.1 | -141.4 | -110.1 | -24.4 | -1,296.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,042 | -1,271 | -33 | -1,661 | -3,620 | -619 | -423 | -3,103 | -3,450 | -467 | -20,238 | |
| 72 | -25 | -148 | -371 | 26 | -186 | -193 | -616 | -601 | -125 | -1,632 | |
| 772 | 1,211 | 293 | 2,388 | 6,049 | 59 | 438 | 3,849 | 4,092 | 1,132 | 23,834 | |
Net Cash Flow Net Cash FlowCr | -198 | -84 | 112 | 356 | 2,455 | -747 | -177 | 130 | 41 | 541 | 1,965 |
Free Cash Flow Free Cash FlowCr | -1,121 | -1,324 | -193 | -1,787 | -3,716 | -672 | -585 | -3,275 | -3,585 | -662 | -20,427 |
CFO To EBITDA CFO To EBITDA% | -175.7 | -105.4 | -3.2 | -113.1 | -173.6 | -25.4 | -22.1 | -141.4 | -110.1 | -24.4 | -1,296.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 2,940 | 8,251 | 9,205 | 10,501 | 8,006 | 12,624 | 9,615 | 10,474 | 14,648 | 19,684 | 23,577 | 30,096 |
Price To Earnings Price To Earnings | 9.3 | 10.9 | 13.6 | 11.2 | 5.5 | 7.3 | 7.2 | 7.0 | 6.7 | 16.2 | 23.5 | 19.6 |
Price To Sales Price To Sales | 1.2 | 2.4 | 2.7 | 2.5 | 1.5 | 2.0 | 1.6 | 1.6 | 1.7 | 2.0 | 2.5 | 2.9 |
Price To Book Price To Book | 1.1 | 2.5 | 2.4 | 2.3 | 1.4 | 1.7 | 1.1 | 1.1 | 1.3 | 1.6 | 1.5 | 1.9 |
EV To EBITDA EV To EBITDA | 18.0 | 14.2 | 20.1 | 16.8 | 12.9 | 13.3 | 16.2 | 16.4 | 14.4 | 26.8 | 47.8 | 36.5 |
FPM FPM% | 25.1 | 35.6 | 30.6 | 35.2 | 38.2 | 38.6 | 31.6 | 32.8 | 35.4 | 19.1 | 16.4 | 21.8 |
NPM NPM% | 15.1 | 22.4 | 19.8 | 22.7 | 27.1 | 27.3 | 21.9 | 22.4 | 24.8 | 12.0 | 10.4 | 14.1 |
ROCE ROCE% | 13.4 | 18.3 | 12.6 | 14.1 | 13.6 | 15.1 | 11.7 | 11.1 | 12.9 | 10.9 | 7.0 | 7.0 |
ROE ROE% | 12.9 | 22.6 | 17.7 | 20.9 | 25.9 | 23.6 | 15.9 | 15.6 | 19.0 | 9.7 | 6.4 | 6.4 |
ROA ROA% | 2.8 | 5.0 | 4.0 | 4.6 | 5.0 | 5.5 | 3.9 | 3.8 | 4.7 | 2.5 | 1.3 | 1.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 2,940 | 8,251 | 9,205 | 10,501 | 8,006 | 12,624 | 9,615 | 10,474 | 14,648 | 19,684 | 23,577 | 30,096 |
Price To Earnings Price To Earnings | 9.3 | 10.9 | 13.6 | 11.2 | 5.5 | 7.3 | 7.2 | 7.0 | 6.7 | 16.2 | 23.5 | 19.6 |
Price To Sales Price To Sales | 1.2 | 2.4 | 2.7 | 2.5 | 1.5 | 2.0 | 1.6 | 1.6 | 1.7 | 2.0 | 2.5 | 2.9 |
Price To Book Price To Book | 1.1 | 2.5 | 2.4 | 2.3 | 1.4 | 1.7 | 1.1 | 1.1 | 1.3 | 1.6 | 1.5 | 1.9 |
EV To EBITDA EV To EBITDA | 18.0 | 14.2 | 20.1 | 16.8 | 12.9 | 13.3 | 16.2 | 16.4 | 14.4 | 26.8 | 47.8 | 36.5 |
FPM FPM% | 25.1 | 35.6 | 30.6 | 35.2 | 38.2 | 38.6 | 31.6 | 32.8 | 35.4 | 19.1 | 16.4 | 21.8 |
NPM NPM% | 15.1 | 22.4 | 19.8 | 22.7 | 27.1 | 27.3 | 21.9 | 22.4 | 24.8 | 12.0 | 10.4 | 14.1 |
ROCE ROCE% | 13.4 | 18.3 | 12.6 | 14.1 | 13.6 | 15.1 | 11.7 | 11.1 | 12.9 | 10.9 | 7.0 | 7.0 |
ROE ROE% | 12.9 | 22.6 | 17.7 | 20.9 | 25.9 | 23.6 | 15.9 | 15.6 | 19.0 | 9.7 | 6.4 | 6.4 |
ROA ROA% | 2.8 | 5.0 | 4.0 | 4.6 | 5.0 | 5.5 | 3.9 | 3.8 | 4.7 | 2.5 | 1.3 | 1.3 |
Documents — Manappuram Finance Ltd
Concall Transcript Summaries — Manappuram Finance Ltd