Manappuram Finance reported a steep 76% year-on-year drop in consolidated net profit at Rs 132.47 crore for the quarter ended June 30, 2025, compared to Rs 556.52 crore in the same period last year. Sequentially, the company turned profitable after posting a net loss of Rs 203.19 crore in the March 2025 quarter.
Total revenue from operations stood at Rs 2,262.39 crore in Q1 FY26, down 9% from Rs 2,488.22 crore in Q1 FY25 and marginally lower than Rs 2,326.65 crore in Q4 FY25. Interest income accounted for Rs 2,235.65 crore, while fees and commission income came in at Rs 4.96 crore.
Finance costs for the quarter were Rs 855.28 crore, while impairment on financial instruments surged to Rs 559.37 crore compared to Rs 228.56 crore a year ago. Employee benefit expenses were at Rs 474.41 crore, and depreciation stood at Rs 74.79 crore.
The company’s total expenses for the quarter stood at Rs 2,163.42 crore, resulting in a profit before tax of Rs 101.52 crore.
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