Manba Finance Limited reported its financial results for the quarter ended December 31, 2024, showcasing significant growth in profitability. The non-banking financial company (NBFC) achieved a Profit After Tax (PAT) of ₹12.96 crore, marking a robust increase from ₹4.83 crore in the corresponding quarter last year, reflecting a YoY growth of over 168%.
Revenue Performance
The company’s total revenue from operations surged to ₹68.87 crore in Q3 FY25 compared to ₹48.07 crore in Q3 FY24, representing a year-on-year growth of over 43%. This growth was driven by higher interest income, which stood at ₹64.59 crore during the quarter compared to ₹43.80 crore in the same period last year.
Expenses
Manba Finance’s total expenses for Q3 FY25 rose to ₹52.41 crore, up from ₹41.76 crore in Q3 FY24. The increase was primarily due to:
- Finance costs: ₹28.29 crore (up from ₹21.80 crore).
- Employee benefits expenses: ₹13.60 crore (up from ₹10.89 crore).
- Other expenses: ₹4.86 crore (up from ₹3.23 crore).
Taxation
The company recorded a total tax expense of ₹3.50 crore in Q3 FY25, compared to ₹1.48 crore in Q3 FY24. This includes both current and deferred taxes.
Nine-Month Performance
For the nine months ended December 31, 2024, Manba Finance reported a PAT of ₹29.78 crore, a significant increase from ₹21.39 crore in the same period of FY24. Total income during this period stood at ₹182.51 crore, compared to ₹136.36 crore in the previous year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
