Manba Finance Reports 36% AUM Growth and 23% Net Interest Income Rise in H1-FY26
Manba Finance Limited, an NBFC specializing in vehicle and personal loans, announced robust financial results for H1-FY26. Assets Under Management grew by 36% to INR 15,008.00 million. Net Interest Income increased by 23% to INR 682.00 million. Profit After Tax reached INR 211.00 million. The company expanded its dealer network by 24% to 1,393 dealers across 103 locations in 6 states. Manba Finance maintained strong asset quality with a Gross NPA of 3.52% and a Capital Adequacy Ratio of 26.54%. The company raised INR 170.00 crores through NCDs and reduced borrowing costs by 74 basis points. Strategic initiatives include business correspondence partnerships and technological advancements to enhance market reach and operational efficiency.
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Manba Finance Limited , a non-banking financial company (NBFC) specializing in two-wheeler, three-wheeler, used car, small business, and personal loans, has announced strong financial results for the first half of fiscal year 2026 (H1-FY26).
Key Financial Highlights
- Assets Under Management (AUM): Grew by 36% to INR 15,008.00 million, up from INR 11,069.00 million in H1-FY25.
- Net Interest Income: Increased by 23% to INR 682.00 million, compared to INR 555.00 million in the previous year.
- Disbursements: Rose by 16% to INR 3,983.00 million.
- Profit After Tax: Reached INR 211.00 million, up from INR 168.00 million in H1-FY25.
Operational Performance
Manba Finance has shown significant improvements in its operational metrics:
- Dealer Network: Expanded by 24% to 1,393 dealers from 1,125 in H1-FY25.
- Geographical Presence: Now operates across 103 locations in 6 states.
- Workforce: Employs 1,726 people.
Asset Quality and Capital Adequacy
The company maintains a robust financial position:
| Metric | Value |
|---|---|
| Gross NPA | 3.52% |
| Net NPA | 2.68% |
| Capital Adequacy Ratio | 26.54% |
Funding and Cost Optimization
Manba Finance has made significant strides in optimizing its funding costs:
- Raised INR 170.00 crores through Non-Convertible Debentures (NCDs).
- Achieved a 74 basis points reduction in borrowing costs, supported by RBI rate cuts and a credit rating outlook upgrade from Stable to Positive.
Business Expansion
The company has taken strategic steps to enhance its market reach:
- Signed three business correspondence partnerships to expand business reach.
- Implemented technological advancements, including:
- Launch of a web-based app for business correspondents
- Integration of Salesforce Marketing Cloud for improved customer engagement
- Implementation of WhatsApp-based messaging for better communication
- Enhanced digital processes with paperless onboarding, Juspay disbursements, straight-through processing for used two-wheelers, and DigiLocker integration
Management Commentary
Manish K. Shah, Managing Director of Manba Finance, stated, "Our strong performance in H1-FY26 reflects the robustness of our business model and the growing demand in our target segments. The significant growth in AUM and Net Interest Income, coupled with our expanding dealer network and technological initiatives, positions us well for sustained growth."
Future Outlook
Manba Finance aims to further penetrate existing markets and diversify into new ones. The company is particularly focusing on the growing electric two-wheeler and three-wheeler financing segments, capitalizing on the increasing demand driven by high fuel prices and environmental concerns.
As Manba Finance continues to strengthen its market position and optimize its operations, it remains well-positioned to capitalize on the growing demand for financial services in its target segments.
Note: All financial figures are in Indian Rupees (INR).
Historical Stock Returns for Manba Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.23% | +1.58% | -4.59% | +0.12% | -7.11% | -9.12% |
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