Ad-Manum Finance Q3FY26 Results: Net Profit Falls 44% to ₹131.44 Lakhs Despite Stable Revenue
Ad-Manum Finance Limited reported Q3FY26 net profit of ₹131.44 lakhs, declining 44.2% year-on-year from ₹235.61 lakhs, despite stable total income of ₹374.79 lakhs. The profit decline was primarily attributed to a significant increase in other expenses to ₹148.49 lakhs from ₹11.31 lakhs in Q3FY25. However, nine-month performance showed resilience with net profit growing 2.2% to ₹688.93 lakhs and total income rising 11.6% to ₹1,200.69 lakhs, demonstrating the company's overall stability in its finance and wind energy business segments.

*this image is generated using AI for illustrative purposes only.
Ad-Manum Finance Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a mixed performance with quarterly profit declining despite stable revenue streams. The Indore-based company, which operates in finance and wind energy segments, reported the results following board approval on January 30, 2026.
Quarterly Financial Performance
The company's Q3FY26 performance reflected challenges with profitability despite maintaining revenue levels. Net profit for the quarter declined significantly compared to the previous year, while total income remained relatively stable.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Total Income | ₹374.79 lakhs | ₹378.62 lakhs | -1.0% |
| Net Profit | ₹131.44 lakhs | ₹235.61 lakhs | -44.2% |
| Basic EPS | ₹1.75 | ₹3.14 | -44.3% |
| Total Comprehensive Income | ₹57.41 lakhs | ₹201.60 lakhs | -71.5% |
Revenue Composition and Segment Performance
The company's revenue structure remained consistent with its dual business model. Interest income from the finance segment contributed the majority of operational revenue, while wind power sales provided additional income streams.
| Revenue Source | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Interest Income | ₹332.98 lakhs | ₹342.73 lakhs | -2.8% |
| Wind Power Sale | ₹5.38 lakhs | ₹12.72 lakhs | -57.7% |
| Other Income | ₹36.43 lakhs | ₹23.17 lakhs | +57.3% |
The finance segment showed a marginal decline in interest income, while wind energy generation faced more significant challenges with revenue dropping by over half compared to the previous year.
Expense Management and Profitability
Total expenses increased substantially to ₹183.23 lakhs in Q3FY26 from ₹63.01 lakhs in Q3FY25, primarily driven by a significant rise in other expenses. This expense escalation was the key factor behind the profit decline despite stable revenue performance.
| Expense Category | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Finance Costs | ₹18.76 lakhs | ₹35.77 lakhs | -47.6% |
| Employee Benefits | ₹17.42 lakhs | ₹14.69 lakhs | +18.6% |
| Other Expenses | ₹148.49 lakhs | ₹11.31 lakhs | +1,213.0% |
| Total Expenses | ₹183.23 lakhs | ₹63.01 lakhs | +190.8% |
Nine-Month Performance Highlights
Despite quarterly challenges, the nine-month performance demonstrated the company's overall resilience. Total income for the nine months ended December 31, 2025, reached ₹1,200.69 lakhs compared to ₹1,075.79 lakhs in the corresponding period of the previous year.
| Parameter | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Total Income | ₹1,200.69 lakhs | ₹1,075.79 lakhs | +11.6% |
| Net Profit | ₹688.93 lakhs | ₹674.33 lakhs | +2.2% |
| Basic EPS | ₹9.19 | ₹8.99 | +2.2% |
Corporate Governance and Compliance
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026. The statutory auditors, Mahendra Badjatya & Co., conducted a limited review of the results. The company confirmed compliance with Indian Accounting Standards (Ind AS) and relevant regulatory requirements under SEBI LODR Regulations, 2015.
The results reflect the company's continued focus on its core finance business while managing the challenges in its wind energy segment, with management maintaining transparency through comprehensive disclosures and regulatory compliance.
Historical Stock Returns for Ad-Manum Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.51% | +1.55% | -10.49% | -23.94% | -36.91% | +292.83% |





























