Manba Finance FY26 Net Profit Rises 20% to INR 45 Crore
Manba Finance reported a 20% increase in net profit to Rs. 4,535.64 lakhs for the financial year ended March 31, 2026, with total income rising to Rs. 33,019.44 lakhs. The audited results were approved by the Board on May 18, 2026, and published in newspapers on May 20, 2026. The company recommended a final dividend of Rs. 0.25 per share and approved the issuance of debt securities up to INR 200 crores.
*this image is generated using AI for illustrative purposes only.
Manba Finance has reported its audited standalone financial results for the quarter and full financial year ended March 31, 2026. The company posted a full-year net profit after tax of Rs. 4,535.64 lakhs, up from Rs. 3,780.25 lakhs in the previous year, reflecting sustained growth across its core financing business. Total income for the year stood at Rs. 33,019.44 lakhs, compared to Rs. 25,096.94 lakhs in the prior year. The statutory auditors, M/s. KRSHNA & Associates, Chartered Accountants, issued an unmodified audit opinion on the annual financial results. The Board of Directors approved the results on May 18, 2026, and the company published the audited financial results in the Financial Express and Nava Shakti newspapers on May 20, 2026, pursuant to Regulation 47 of the SEBI LODR Regulations.
Full Year Financial Performance
The following table presents the key profit and loss metrics for the financial year ended March 31, 2026, alongside the comparative prior year figures (all figures in Rs. lakhs):
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Interest Income: | 32,818.62 | 23,778.86 |
| Total Revenue from Operations: | 33,019.44 | 25,093.18 |
| Total Income: | 33,019.44 | 25,096.94 |
| Finance Costs: | 15,193.22 | 10,783.73 |
| Employee Benefits Expenses: | 2,446.89 | 1,696.14 |
| Depreciation and Amortisation: | 471.91 | 459.28 |
| Impairment on Financial Instruments: | 5,002.37 | — |
| Other Expenses: | 2,805.88 | 2,145.27 |
| Total Expenses: | 26,869.49 | 20,086.79 |
| Profit Before Tax: | 6,149.95 | 5,010.15 |
| Total Tax Expenses: | 1,614.31 | 1,229.89 |
| Profit After Tax: | 4,535.64 | 3,780.25 |
| Total Comprehensive Income: | 4,588.53 | 3,806.01 |
| Basic & Diluted EPS (Rs.): | 9.03 | 7.52 |
Quarterly Performance (Q4 FY26)
For the quarter ended March 31, 2026, Manba Finance reported total income of Rs. 9,341.85 lakhs, compared to Rs. 6,800.18 lakhs in Q4 FY25. Net profit after tax for the quarter stood at Rs. 1,112.63 lakhs, up from Rs. 802.46 lakhs in the corresponding quarter of the previous year. Basic and diluted earnings per share for the quarter were Rs. 2.21, compared to Rs. 1.60 in Q4 FY25. The net profit margin for the quarter ended stood at 18.13%, versus 16.46% in the comparable prior-year quarter.
| Metric: | Q4 FY26 (Unaudited) | Q3 FY26 (Unaudited) | Q4 FY25 (Unaudited) |
|---|---|---|---|
| Revenue from Operations: | 9,236.94 | 8,616.24 | 6,606.57 |
| Total Income: | 9,341.85 | 9,004.75 | 6,800.18 |
| Finance Costs: | 4,262.08 | 4,211.77 | 2,900.98 |
| Profit Before Tax: | 1,693.88 | 1,714.04 | 1,119.26 |
| Profit After Tax: | 1,112.63 | 1,311.27 | 802.46 |
| Basic & Diluted EPS (Rs.): | 2.21 | 2.60 | 1.60 |
Balance Sheet Highlights
As at March 31, 2026, Manba Finance's total assets stood at Rs. 1,97,923.88 lakhs, up from Rs. 1,46,597.69 lakhs as at March 31, 2025. The loan book expanded to Rs. 1,56,027.87 lakhs from Rs. 1,14,606.83 lakhs. Total equity increased to Rs. 40,976.05 lakhs from Rs. 36,889.92 lakhs, while net worth as on March 31, 2026 stood at Rs. 40,976.05 lakhs.
| Balance Sheet Item: | March 31, 2026 (Rs. Lakhs) | March 31, 2025 (Rs. Lakhs) |
|---|---|---|
| Cash and Cash Equivalents: | 17,784.48 | 12,846.83 |
| Loans: | 1,56,027.87 | 1,14,606.83 |
| Investments: | 9,384.19 | 3,788.72 |
| Total Assets: | 1,97,923.88 | 1,46,597.69 |
| Debt Securities: | 48,287.93 | 23,880.64 |
| Borrowings (other than debt securities): | 1,06,581.82 | 83,633.28 |
| Total Equity: | 40,976.05 | 36,889.92 |
Key Financial Ratios
The company's key financial and sector-specific ratios as at March 31, 2026 are presented below:
| Ratio: | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Debt-Equity Ratio: | 3.78 | 2.91 |
| Current Ratio: | 1.25 | 1.32 |
| Total Debts to Total Assets: | 0.78 | 0.73 |
| Net Profit Margin (%) for the quarter: | 18.13% | 16.46% |
| Gross Stage 3 Asset: | 3.58% | 3.68% |
| Net Stage 3 Asset: | 2.67% | 2.82% |
| CRAR: | 24.46% | 30.09% |
| Liquidity Coverage Ratio: | 2.17 | 1.63 |
Dividend, NCD Issuance, and Other Board Decisions
The Board of Directors recommended a final dividend of Rs. 0.25 per share (2.5%) on equity shares of face value Rs. 10 each for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the Board approved and authorised the finance committee for a fresh issuance of Secured Non-Convertible Debentures (NCDs), Perpetual Debt Instruments, Unsecured Subordinated NCDs, bonds, and/or other debt securities up to INR 200 crores on a private placement basis, in one or more tranches. The paid-up equity share capital remained unchanged at Rs. 502.39 lakhs.
The company confirmed that all secured listed NCDs outstanding as on March 31, 2026, amounting to Rs. 45,433.20 lakhs, are fully secured by a first pari passu charge over freehold immovable properties, current assets, cash flows, and receivables. The company also maintains a security cover of more than 110% of the outstanding amount of listed secured redeemable non-convertible debentures. Listed unsecured NCDs outstanding as on March 31, 2026 amounted to Rs. 3,000 lakhs. The trading window for dealing in securities of the company was opened from May 21, 2026 onwards.
Historical Stock Returns for Manba Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | -5.66% | -0.42% | -22.69% | -24.08% | -30.21% |
With CRAR declining sharply from 30.09% to 24.46% amid aggressive loan book expansion, how close is Manba Finance to regulatory minimum thresholds, and could this constrain future growth without a fresh equity raise?
Given the Rs. 200 crore NCD issuance approval and a debt-equity ratio already rising to 3.78x, how sustainable is Manba Finance's leverage trajectory if interest rates remain elevated or credit markets tighten?
With impairment on financial instruments appearing for the first time at Rs. 5,002.37 lakhs in FY26, what does this signal about the underlying asset quality trajectory and potential provisioning pressure in FY27?
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