Manappuram Finance Limited's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, at its meeting held on May 4, 2026. The Board also declared an interim dividend of Rs 0.50 per equity share, representing 25% of the face value of Rs 2 each. The record date for dividend eligibility has been fixed as Monday, May 11, 2026. The statement of audited standalone and consolidated financial results was subsequently published in Business Line (in English language) and Mathrubhumi (in Malayalam language) on May 05, 2026, in accordance with Regulation 33 read with Regulation 47(1) and Regulation 52(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audio recording of the Q4 and financial year ended March 31, 2026 Results Conference Call, held on May 4, 2026, has been uploaded on the company's website at www.manappuram.com .

The joint statutory auditors, Chokshi & Chokshi LLP and KKC & Associates LLP, both based in Mumbai, have issued audit reports with unmodified opinions on the standalone and consolidated financial results for the year ended March 31, 2026. The auditors confirmed that the financial results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013.

Q4 Consolidated Financial Performance

Manappuram Finance reported a strong turnaround in its consolidated results for Q4, with net profit rising to Rs 4.04 billion compared to a loss of Rs 2.03 billion in the same period last year. Consolidated revenue for Q4 stood at Rs 26.13 billion versus Rs 23.6 billion on a year-on-year basis, reflecting healthy top-line growth.

Segment-Wise Consolidated Performance

The Group operates across two reportable segments — Gold Loan and Others, and Microfinance — as identified under Indian Accounting Standard 108. The following table presents segment-wise revenue and results for the quarter and year ended March 31, 2026:

Key Standalone Financial Metrics

The company also reported strong standalone financial performance. The following table summarises the key standalone metrics:

The Board meeting commenced at 11:00 a.m. and concluded at 4:15 p.m. on May 4, 2026. The financial results have been reviewed and recommended by the Audit Committee and approved by the Board. The company has maintained requisite full asset cover by way of floating charge on loan receivables and other unencumbered assets on its Secured Listed Non-Convertible Debentures as at March 31, 2026.

Borrowings and Compliance

The company provided details of outstanding qualified borrowings and incremental qualified borrowings for FY 2026. The following table presents the borrowing details:

The company has disclosed compliance with various SEBI regulations regarding utilisation of issue proceeds and security cover for non-convertible securities. The consolidated financial results include audited financial statements of four subsidiaries — Manappuram Home Finance Limited, Manappuram Insurance Brokers Limited, Asirvad Micro Finance Limited, and Manappuram Comotech and Consultants Limited — with total assets of Rs 10,737.57 crores as at March 31, 2026. These four subsidiaries reported total revenues of Rs 471.63 crores and Rs 1,935.60 crores (before consolidation adjustment), total net profit/(loss) of Rs 30.27 crores and Rs (519.53) crores (before consolidation adjustment), and total comprehensive income/(loss) of Rs 26.05 crores and Rs (524.46) crores (before consolidation adjustment) for the quarter ended and year ended March 31, 2026 respectively.

Loan Transfers and Asset Quality

During the quarter and year ended March 31, 2026, the company undertook loan transfers through assignment. Key details are as follows:

The transfers were executed via deed of assignment with Asset Reconstruction Company (India) Limited (ARCIL) and India SME Asset Reconstruction Company Ltd (ISARC). The company recognised a loss of Rs 12.65 crores and Rs 17.06 crores for transfers to ARCIL and ISARC respectively. The company also subscribed to security receipts issued by ARCIL-Trust-2026-002 amounting to Rs 32.26 crores. During Q4 of FY 2025-26, the company undertook a technical write-off in respect of certain identified gross exposures amounting to Rs 136.94 crores related to the Vehicle Finance portfolio under the Doubtful-1 category of NPA. The resultant impact on the statement of profit and loss, net of provision, was Rs 84.01 crores.

Subsidiary and Capital Structure Developments

Several significant corporate actions were undertaken during the period. Pursuant to the shareholders agreement dated March 20, 2025, the company received on March 27, 2026, a total of Rs 2,192.47 crores from BC Asia Investments XXV Limited towards the allotment of 9,29,01,373 equity shares at a price of Rs 236 per share, whereby the holding of the aforesaid investor stands at 9.89%. Additionally, a total of Rs 548.11 crores was received from BC Asia Investments XIV Limited against the allotment of 9,29,01,373 share warrants at a price of Rs 236 per share warrant, representing 25% of the share warrant price.

The company subscribed towards a rights issue of 17,91,88,333 equity shares of its subsidiary Asirvad Microfinance Private Limited at a price of Rs 44 per share for a total amount of Rs 788.43 crores, allotted subsequent to March 31, 2026, increasing the total holding in the said subsidiary to 98.97%. The company also subscribed towards a rights issue of equity shares of its wholly owned subsidiary Manappuram Home Finance at par value of Rs 10 per share amounting to Rs 150 crores on April 6, 2026. Furthermore, the authorised share capital of the company has been increased from Rs 200 crore to Rs 300 crore, now comprising 148,00,00,000 equity shares of Rs 2 each and 4,00,000 redeemable preference shares of Rs 100 each. The Board of Directors also declared three interim dividends aggregating to Rs 1.50 per equity share having face value of Rs 2 each for the financial year 2025-26, which were paid, in addition to the fourth interim dividend of Rs 0.50 per equity share declared at the May 4, 2026 meeting.

Manappuram Finance Limited's Board of Directors has approved key leadership changes involving Mr. V.P. Nandakumar. At a meeting held on May 4, 2026, the board sanctioned the continuation of Mr. Nandakumar as Managing Director and Chairperson of the Board until September 30, 2026.

Board Decisions

The board's decisions, communicated under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, include two primary resolutions. First, the board approved the continuation of Mr. V.P. Nandakumar in his current capacity as Managing Director and Chairperson through September 30, 2026. Second, the board approved his redesignation as Non-Executive Director and Chairperson, which will automatically take effect from October 1, 2026.

Transition Details

The transition follows the regulatory framework outlined in the SEBI master circular dated January 30, 2026. The disclosure provides clarity on the leadership succession plan at the company.

The company has filed the necessary disclosures with BSE Limited (Scrip Code: 531213), National Stock Exchange of India Limited (Scrip Code: MANAPPURAM), and India International Exchange (IFSC) Ltd. The intimation was signed by Aparna Menon, Company Secretary of Manappuram Finance Limited.