Ad-Manum Finance Limited , a company operating in the finance and wind power segments, has reported a significant decline in its quarterly profit for Q2 FY2026. The company's financial performance shows a mixed picture with decreasing profits but a strong balance sheet.

Key Financial Highlights

Profit and Revenue Analysis

Ad-Manum Finance experienced a sharp decline in its quarterly profit, with net profit falling by 53.5% year-over-year to ₹119.80 lakhs in Q2 FY2026. This decrease was accompanied by a 35.7% reduction in total income, which stood at ₹268.41 lakhs for the quarter.

The company's primary revenue stream, interest income, decreased by 27.8% compared to the same quarter last year, reaching ₹246.09 lakhs. Wind power sales, the company's secondary segment, also saw a significant drop of 47.8% year-over-year, amounting to ₹12.78 lakhs.

Loan Portfolio and Balance Sheet

A notable development is the contraction of Ad-Manum Finance's loan portfolio. As of September 2025, the loan portfolio decreased to ₹6,088.56 lakhs from ₹7,964.24 lakhs in March 2025, representing a reduction of approximately 23.6% over six months.

Despite the reduction in the loan portfolio, the company's balance sheet remains robust. The total assets stood at ₹9,674.78 lakhs as of September 30, 2025, with a strong equity base of ₹8,753.29 lakhs.

Segment Performance

The finance segment continues to be the primary contributor to the company's revenue. However, both the finance and wind energy segments experienced declines in performance:

• Finance segment revenue: ₹561.53 lakhs (H1 FY2026)
• Wind energy segment revenue: ₹16.64 lakhs (H1 FY2026)

Management Approval and Audit Review

The unaudited financial results for Q2 and H1 FY2026 were approved by the Board of Directors on October 31, 2025. The statutory auditors have conducted a limited review of these results, as per regulatory requirements.

Conclusion

While Ad-Manum Finance Limited faces challenges with declining profits and a shrinking loan portfolio, the company maintains a strong balance sheet. The significant decrease in net profit and total income, along with the contraction of the loan portfolio, may require attention from the management to address the underlying factors and explore strategies for revitalizing growth in both its finance and wind power segments.

Ad-Manum Finance Limited, a prominent player in the financial services sector, has made a significant leadership change and reported robust financial performance for the first quarter.

New CFO Appointment

The company has appointed Mr. Dheeraj Bajoliya as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 2. The Board of Directors approved this appointment based on recommendations from the Audit Committee and Nomination and Remuneration Committee.

Mr. Bajoliya brings approximately 9 years of experience in finance, accounting, taxation, and auditing to his new role. He is a commerce graduate and is currently pursuing an MBA, which should provide him with a strong foundation to guide AD-Manum's financial strategy.

Q1 Financial Highlights

AD-Manum Finance also released its unaudited financial results for the quarter ended June 30, showcasing impressive growth:

The company's performance shows significant year-over-year growth:

• Total income surged by 77.80% to ₹497.82 lakh, primarily driven by increased interest income and other income.
• Profit before tax nearly doubled, rising by 89.89% to ₹450.68 lakh.
• Net profit saw an impressive growth of 113.04%, reaching ₹377.80 lakh.
• Earnings per share (EPS) more than doubled from ₹2.36 to ₹5.04.

Segment Performance

AD-Manum Finance operates in two segments:

1. Finance: This segment generated revenue of ₹315.44 lakh, contributing significantly to the company's top line.
2. Wind Energy Generation: Although smaller, this segment added ₹3.86 lakh to the revenue.

The finance segment remains the primary driver of the company's performance, aligning with its core business model.

Management Commentary

While specific management comments were not provided, the strong financial results suggest that AD-Manum Finance's strategies are yielding positive outcomes. The appointment of Mr. Dheeraj Bajoliya as CFO is likely aimed at further strengthening the company's financial management and supporting its growth trajectory.

As AD-Manum Finance continues to navigate the dynamic financial services landscape, investors and stakeholders will be keen to see how the new CFO contributes to the company's financial strategy and performance in the coming quarters.