Manappuram Finance Q3 Profit Plunges 51%, Misses Estimates; Declares ₹1 Dividend

Manappuram Finance reported a sharp 51.6% year-on-year decline in Q3 FY25 consolidated net profit to ₹2.82 billion, falling well short of analyst estimates of ₹4.59 billion. The company's interest income stood at ₹25.16 billion. Despite the profit slump, Manappuram declared an interim dividend of ₹1 per share, with the record date set for February 21, 2025. The disappointing results were largely attributed to significant losses at its microfinance subsidiary, Asirvad Microfinance, which reported breaching loan covenants amid mounting losses. The gold loan segment, however, showed resilience with 18.7% year-on-year AUM growth excluding Asirvad.

Sources: CNBC TV18, Economic Times, Moneycontrol