11 Aug 2026
Manappuram Finance reported first quarter consolidated net profit of 585 crore rupees against 138 crore a year earlier, on revenue of 3,034 crore against 2,262 crore, and declared an interim dividend of 1 rupee a share.
The base is the point. Q1 FY26 profit had itself fallen about 75 percent on stress at microfinance arm Asirvad, so 585 crore is a return to the company's Q1 FY25 level rather than a new high.
03 Jul 2026
Manappuram Finance said CEO Deepak Reddy resigned as Chief Executive Officer and Key Managerial Personnel with effect from December 31, 2026.
He is leaving to pursue other opportunities. It is a top-management change at the gold-loan NBFC, with succession the key thing to watch.
11 Jun 2026
The government is exploring ways to better tap India's domestic gold holdings and cut imports, after RBI began repatriating part of its gold reserves.
Expanding gold monetisation beyond loans, flagged by an EAC-PM member, could divert idle gold away from the lending channel that anchors Muthoot and Manappuram.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.