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Manba Finance Allots ₹90 Cr Secured NCDs at 10.60% Coupon on Private Placement
Manba Finance Limited has completed the allotment of 9,000 rated, secured, redeemable Non-Convertible Debentures (NCDs) aggregating to ₹90.00 crore on a private placement basis. The NCDs carry a fixed coupon of 10.60% p.a. with a tenure of 27 months and 4 days, maturing on November 28, 2028. The instrument entails quarterly principal and interest repayments and is secured by a 1.1x first-ranking charge over receivables. The borrowing equals ~22% of the company's net worth (₹410 Cr) and ~13.8% of market capitalization, augmenting liquidity for loan originations.
Confidence: HIGH
What changedAllotted ₹90.00 crore worth of 10.60% secured NCDs on a private placement basis.
Why it mattersSecures medium-term wholesale debt funding at 10.60% (aligned with historical borrowing costs) to support the NBFC's retail loan portfolio expansion.
Issue Size: ₹90.00 CrCoupon Rate: 10.60%Maturity Date: 28-11-2028Issue vs Net Worth: ~22.0%Issue vs Market Cap: ~13.8%
📅 Short termProvides adequate liquidity to finance near-term vehicle and retail loan originations without causing equity dilution.
📈 Long termReflects standard liability management and debt diversification essential for sustaining target AUM growth for an NBFC.
⚠ Risk flags
- Quarterly amortisation of principal requires steady loan collection cash flows
- Penal interest of 2.00% per annum over coupon rate applies in case of payment defaults
Key Highlights
Allotted 9,000 secured NCDs of ₹1,00,000 face value each, raising ₹90.00 crore
Fixed coupon rate set at 10.60% per annum with quarterly interest and principal repayments
Tenure of 27 months and 4 days, with final maturity scheduled for November 28, 2028
Asset cover secured by 1.1x first ranking charge on hypothecated book debts
👀 What to Watch
Monitor quarterly loan book disbursement growth and net interest margins (NIMs) in upcoming earnings to evaluate deployment efficiency of the newly raised debt.
Manba Finance Q1 FY27: 36% PAT Growth to ₹13 Cr, Targets 35-40% AUM Growth
Manba Finance reported a strong Q1 FY27 with PAT rising 36% YoY to ₹13 Cr and Net Interest Income (NII) growing 36% to ₹42 Cr. Assets Under Management (AUM) reached ₹1,731 Cr, up 22% YoY, with management providing an aggressive growth guidance of 35-40% for the full year. The company is actively diversifying its portfolio, launching MSME Loan Against Property (LAP) and EV battery replacement financing. Geographically, it has entered the South Indian market starting with Karnataka through a strategic partnership.
Confidence: HIGH
What changedThe company has officially entered the South Indian market and diversified its product mix by launching secured MSME LAP and EV battery replacement loans.
Why it mattersThis marks a transition from a regional 2-wheeler financier to a multi-product, multi-state NBFC, potentially reducing geographic and product concentration risks.
Q1 FY27 PAT: ₹13 CrAUM as of June 2026: ₹1,731 CrAUM Growth Guidance: 35-40%Cost of Borrowing: 10.86%Capital Adequacy Ratio: 24.40%2-Wheeler Portfolio Concentration: 84.1%
📅 Short termThe stock may react positively to the strong 36% bottom-line growth and the declaration of an interim dividend of ₹0.25 per share.
📈 Long termThe structural shift toward a national footprint and diversified loan book (MSME/EV) could lead to a re-rating if the company maintains its 23%+ yields while managing NPAs in new territories.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High concentration in the 2-wheeler segment (84%)
- Execution risk in new South Indian markets
- Relatively high borrowing cost at 10.86%
Key Highlights
Profit After Tax (PAT) increased 36% YoY to ₹13 Cr for the quarter ended June 30, 2026
AUM grew 22% YoY to ₹1,731 Cr, with a target to reach 35-40% growth by FY27 end
Asset quality remains stable with Gross NPA at 3.41% and Net NPA at 2.52%
Entered South Indian market via Karnataka through a partnership with Sreesastha (Nammaloan)
Maintains high operational efficiency with 60% of loans sanctioned in under 1 minute
👀 What to Watch
Monitor the ramp-up of the new MSME LAP and EV battery financing products, as these represent a shift toward more diversified lending. Watch for the execution of the South India expansion and its impact on credit costs in the coming quarters.
35.7% PAT Growth in Q1 FY27; AUM Reaches Rs 1,731 Cr
Manba Finance reported a strong Q1 FY27 with PAT growing 35.7% YoY to Rs 13.3 Cr. Total AUM increased 22.3% YoY to Rs 1,730.8 Cr, supported by a 36.9% surge in disbursements to Rs 226.3 Cr. Asset quality remained stable with GNPA at 3.41% and NNPA at 2.52%, while the company maintained high yields of 23.32% and a healthy NIM of 12.13%. The company is actively diversifying its portfolio, though 2-wheelers still constitute 84.1% of the AUM.
Confidence: HIGH
What changedThe company released its Q1 FY27 investor presentation, detailing strong double-digit growth in profitability and assets under management.
Why it mattersThe results confirm Manba's ability to maintain high yields and growth momentum post-listing, while showing early signs of successful geographic and product diversification.
Q1 FY27 PAT: Rs 13.3 CrAUM: Rs 1,730.8 CrNet Interest Margin: 12.13%GNPA: 3.41%Q1 PAT vs TTM PAT: 29.5%Cost of Borrowings: 10.86%
📅 Short termThe stock may see positive sentiment due to the robust 35%+ profit growth and stable asset quality metrics reported for the first quarter.
📈 Long termStructural growth depends on the company's ability to scale its MSME and Used Car verticals to mitigate risks associated with the cyclical 2-wheeler market.
⚠ Risk flags
- High product concentration in 2-wheelers (84.1% of AUM)
- Relatively high cost of borrowings at 10.86%
- Geographic concentration in 7 states
Key Highlights
PAT increased 35.7% YoY to Rs 13.3 Cr in Q1 FY27 compared to Rs 9.8 Cr in Q1 FY26
Total AUM grew 22.3% YoY to Rs 1,730.8 Cr from Rs 1,415.4 Cr
Disbursements for the quarter rose 36.9% YoY to Rs 226.3 Cr
Net Interest Margin (NIM) stood at 12.13% with an average yield on AUM of 23.32%
Dealer network expanded significantly to 1,784 from 1,258 in the previous year
👀 What to Watch
Watch for the execution of the diversification strategy into MSME and Used Car loans to reduce the 84.1% dependency on the 2-wheeler segment and monitor if borrowing costs (10.86%) can be optimized.
Q1 FY27: PAT up 36% to ₹13.3 Cr; AUM grows 22% to ₹1,731 Cr; ₹0.25 Dividend declared
Manba Finance reported a strong start to FY27 with Profit After Tax (PAT) rising 36% YoY to ₹13.3 Cr. Revenue from operations grew 34.2% YoY to ₹92.6 Cr, while Assets Under Management (AUM) reached ₹1,730.8 Cr, a 22.28% increase. Asset quality showed marginal improvement with GNPA at 3.41% compared to 3.47% in the previous year. The company also announced its first geographic expansion into South India and declared an interim dividend of ₹0.25 per share.
Confidence: HIGH
What changedManba Finance has reported strong double-digit growth in Q1 FY27 and initiated a strategic expansion into South India, moving beyond its traditional six-state footprint.
Why it mattersThe results demonstrate the company's ability to scale its vehicle-financing model profitably while maintaining a healthy capital adequacy ratio of 24.40% and improving asset quality.
Revenue (Q1 FY27): ₹92.6 CrPAT (Q1 FY27): ₹13.3 CrAUM: ₹1,730.8 CrGNPA: 3.41%Interim Dividend: ₹0.25 per shareAUM Growth Guidance: 35-40%
📅 Short termThe stock is likely to react positively to the earnings beat, the dividend declaration, and the entry into new high-growth markets in South India.
📈 Long termThe company is structurally positioning itself as a pan-India player with a diversified product mix (EV, used cars, small business loans), which could lead to a re-rating if growth targets are met.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in new geographic territories
- Sensitivity to interest rate volatility affecting borrowing costs
Key Highlights
Revenue from operations increased 34.2% YoY to ₹92.6 Cr from ₹69.0 Cr.
Profit After Tax (PAT) grew 36% YoY to ₹13.3 Cr, with EPS rising to ₹2.64 from ₹1.94.
AUM reached ₹1,730.8 Cr, up 22.28% YoY, with a management guidance of 35-40% growth for FY27.
Net Interest Income (NII) grew 36% YoY to ₹41.6 Cr, reflecting strong yield management.
Asset quality improved with Net Stage 3 (NNPA) at 2.52% vs 2.64% YoY.
👀 What to Watch
Investors should monitor the execution of the South India expansion (Karnataka and Tamil Nadu) and the performance of new products like EV battery replacement financing to see if they maintain the guided 35-40% AUM growth.
₹0.25 Dividend and 36% PAT Growth to ₹13.26 Cr in Q1 FY27 for Manba Finance
Manba Finance reported a strong start to FY27 with Profit After Tax (PAT) rising 36% YoY to ₹13.26 Cr for the quarter ended June 30, 2026. Total revenue from operations grew 38% YoY to ₹92.61 Cr, driven by robust interest income. The Board declared a first interim dividend of ₹0.25 per share, with a record date of August 7, 2026. Despite finance costs increasing 34% YoY to ₹43.52 Cr, the company achieved an improved EPS of ₹2.64 compared to ₹1.94 in the same quarter last year.
Confidence: HIGH
What changedThe company reported strong Q1 FY27 results and initiated an interim dividend payout for the new financial year.
Why it mattersThe results demonstrate Manba's ability to scale its retail lending portfolio profitably while maintaining a consistent dividend policy for shareholders.
Q1 FY27 PAT: ₹13.26 CrYoY Revenue Growth: 38.2%Interim Dividend: ₹0.25 per shareRecord Date: August 7, 2026Q1 PAT vs TTM PAT: 29.5%
📅 Short termThe stock is likely to react positively to the earnings growth and the dividend announcement in the coming days.
📈 Long termThe company's strategy of geographic expansion and product diversification into EV and used car financing remains the primary structural growth driver.
⚠ Risk flags
- Rising finance costs (up 34% YoY)
- Potential margin compression if borrowing costs increase further
Key Highlights
Net Profit increased 36% YoY to ₹13.26 Cr in Q1 FY27 from ₹9.75 Cr in Q1 FY26
Total Revenue from operations rose 38% YoY to ₹92.61 Cr
Declared an interim dividend of ₹0.25 per equity share of face value ₹10
Finance costs rose to ₹43.52 Cr from ₹32.39 Cr YoY, reflecting higher borrowing for AUM growth
Basic EPS for the quarter improved to ₹2.64 from ₹1.94 YoY
👀 What to Watch
Monitor the sustainability of the 38% revenue growth and the impact of the 10.67% borrowing cost on Net Interest Margins (NIM) as the company expands into EV and personal loan segments.
Rs 0.25 Interim Dividend Declared; Q1 PAT Grows 36% YoY to Rs 13.26 Cr
Manba Finance reported a strong start to FY27 with Q1 Profit After Tax (PAT) rising 36% YoY to Rs 13.26 Cr, up from Rs 9.75 Cr in the previous year. Total revenue from operations grew 38.2% YoY to Rs 92.61 Cr, driven by a significant increase in interest income to Rs 85.12 Cr. The Board has declared a first interim dividend of Rs 0.25 per share (2.5% of face value) for FY27. The company continues to scale its operations, with Q1 revenue already representing approximately 28% of its TTM revenue.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial performance and initiated dividend payments for the new fiscal year.
Why it mattersStrong double-digit growth in revenue and profit validates the company's expansion strategy; the dividend signals management confidence in cash flows and capital adequacy.
Q1 PAT: Rs 13.26 CrQ1 Revenue: Rs 92.61 CrYoY PAT Growth: 36%Dividend per share: Rs 0.25Q1 Revenue vs TTM Revenue: 28.06%
📅 Short termThe stock may see positive momentum in the coming days due to the earnings beat and the upcoming dividend record date of August 7.
📈 Long termStructural growth is evident as the company scales its AUM and diversifies its product mix beyond 2-wheelers into EV and personal loans.
⚠ Risk flags
- Rising finance costs (Rs 43.52 Cr in Q1 vs Rs 32.39 Cr YoY)
- Potential impact of interest rate volatility on borrowing costs
Key Highlights
Net Profit for Q1 FY27 increased to Rs 13.26 Cr from Rs 9.75 Cr in Q1 FY26
Total Revenue from operations rose 38.2% YoY to Rs 92.61 Cr
First Interim Dividend declared at Rs 0.25 per equity share of Rs 10 face value
Interest income grew to Rs 85.12 Cr from Rs 63.04 Cr in the previous year's quarter
Record date for dividend eligibility is fixed as August 7, 2026
👀 What to Watch
Monitor the company's ability to maintain its 12.56% Net Interest Margin (NIM) as it expands into new geographies like Uttar Pradesh and diversifies into EV financing.
₹0.25 Interim Dividend and 36% PAT Growth in Q1 FY27 for Manba Finance
Manba Finance reported a strong start to FY27 with Profit After Tax (PAT) rising 36% YoY to ₹13.26 Cr for the quarter ended June 30, 2026. Total income grew 34.2% YoY to ₹92.61 Cr, supported by robust interest income. The Board declared a first interim dividend of ₹0.25 per share, with a record date of August 7, 2026. Despite a 34% increase in finance costs to ₹43.52 Cr, the company maintained profitability with EPS improving to ₹2.64 from ₹1.94 YoY.
Confidence: HIGH
What changedThe company has reported its Q1 FY27 financial results and initiated its first interim dividend for the current fiscal year.
Why it mattersThe results demonstrate sustained double-digit growth in the retail lending segment and a consistent ability to scale revenue despite rising interest expenses.
Q1 PAT Growth (YoY): 36%Q1 Revenue Growth (YoY): 34.2%Interim Dividend: ₹0.25 per shareRecord Date: August 7, 2026Finance Costs (Q1): ₹43.52 Cr
📅 Short termThe stock is likely to react positively to the strong earnings growth and the dividend announcement in the coming weeks.
📈 Long termThe company's focus on diversifying into EV financing and used car loans, alongside geographic expansion, supports a long-term growth trajectory.
⚠ Risk flags
- Rising finance costs which could compress margins if interest rates remain high
- Geographic concentration in Maharashtra and Gujarat
Key Highlights
Net Profit increased 36% YoY to ₹13.26 Cr for the quarter ended June 30, 2026
Total Income rose 34.2% YoY to ₹92.61 Cr from ₹69.02 Cr in the previous year
Declared First Interim Dividend of ₹0.25 per equity share (2.5% of face value)
Basic EPS grew to ₹2.64 from ₹1.94 in the corresponding quarter of the previous year
Finance costs rose to ₹43.52 Cr, representing approximately 47% of total income
👀 What to Watch
Investors should monitor the impact of rising borrowing costs on Net Interest Margins (NIM) and track the execution of the geographic expansion strategy into new states like Uttar Pradesh.
Manba Finance Q1 PAT Rises 36% YoY to ₹13.26 Cr; Declares ₹0.25 Interim Dividend
Manba Finance reported a strong start to FY27 with total income rising 34.2% YoY to ₹92.61 Cr. Net profit followed suit, growing 36% YoY to ₹13.26 Cr, driven by robust interest income of ₹85.12 Cr. The company declared its first interim dividend of ₹0.25 per share for FY27, with a record date of August 7, 2026. Despite growth, finance costs remained high at ₹43.52 Cr, and impairment charges for the quarter stood at ₹7.91 Cr.
Confidence: HIGH
What changedThe company has reported its first quarter results for FY27, showing significant YoY growth in profitability and initiating an interim dividend payout.
Why it mattersThe results validate the company's technology-led growth strategy and its ability to scale its retail lending portfolio (2-wheelers, EV, and personal loans) profitably.
Revenue (Q1 FY27): ₹92.61 CrPAT (Q1 FY27): ₹13.26 CrYoY Revenue Growth: 34.2%Interim Dividend: ₹0.25 per shareEPS (Q1 FY27): ₹2.64
📅 Short termThe stock is likely to react positively to the strong earnings growth and the dividend announcement in the coming weeks.
📈 Long termThe company's focus on diversifying into EV financing and used cars, combined with geographic expansion, supports a structural growth narrative if asset quality is maintained.
⚠ Risk flags
- Rising finance costs (₹43.52 Cr) which could pressure margins
- Credit risk associated with rapid expansion into new geographies
Key Highlights
Total income grew 34.2% YoY to ₹92.61 Cr for the quarter ended June 30, 2026.
Net profit increased to ₹13.26 Cr from ₹9.75 Cr in the same quarter last year.
Declared a first interim dividend of ₹0.25 per equity share (2.5% of face value).
Basic EPS improved to ₹2.64 from ₹1.94 YoY.
Finance costs for the quarter were ₹43.52 Cr, compared to ₹32.39 Cr in the previous year's quarter.
👀 What to Watch
Investors should monitor the company's ability to maintain Net Interest Margins (NIMs) as borrowing costs rise, and track the progress of geographic expansion into states like Uttar Pradesh.
Manba Finance Enters EV Battery Financing; Launches Loans for Electric Three-Wheelers
Manba Finance has launched a specialized 'Battery Replacement Financing' product for electric three-wheelers (e-rickshaws and e-carts). This product addresses the single largest recurring expense for EV operators—lithium-ion battery replacement—through small-ticket, short-tenure loans. The company will initially roll this out to its existing customer base before a wider market launch. With an updated AUM of over ‡1,700 crore and a network of 130+ locations, this move deepens Manba's footprint in the high-yield EV ecosystem.
Confidence: HIGH
What changedManba Finance has diversified its lending portfolio by adding a specific battery replacement loan, moving from just vehicle acquisition to lifecycle financing.
Why it mattersThis product targets a niche, underserved market with potentially high yields and helps retain existing customers by ensuring their income-generating assets (EVs) remain operational.
Current AUM: ‡1,700 crTotal Locations: 130+Dealer Network: 1,500+AUM vs Market Cap: ~244%Loan Sanction Speed: < 15 minutes
📅 Short termThe announcement is likely to be viewed positively as it demonstrates product innovation and deeper penetration into the EV financing space.
📈 Long termThis represents a structural shift toward financing recurring EV components, which could provide a steady stream of high-yield, small-ticket loans as the EV fleet ages.
⚠ Risk flags
- Credit risk associated with small-ticket loans to the unorganized e-rickshaw sector
- Dependency on quality-certified battery OEMs
Key Highlights
New product targets the recurring lithium-ion battery replacement market for e-3Ws, which has a shorter life than the vehicle.
Company AUM has grown to over ‡1,700 crore, compared to ‡1,331.45 crore reported in previous filings.
Distribution network expanded to 130+ locations and 1,500+ dealers across 6 states.
Technology-led process enables digital onboarding and e-mandate based repayments for fast turnaround.
Strategic focus on 'lifecycle financing' to protect customer livelihoods and ensure vehicle uptime.
👀 What to Watch
Watch for the impact of this product on Net Interest Margins (NIMs) and asset quality (NPAs) within the e-3W segment over the next 2-3 quarters as the phased rollout progresses.
Manba Finance Promoters Declare Zero Encumbrance on 74.98% Stake for FY26
Manish Shah, on behalf of the promoter group of Manba Finance Limited, has declared that no shares were encumbered or pledged during the financial year ending March 31, 2026. The total promoter and promoter group holding stands at 37,669,410 shares, representing a significant 74.98% of the company's total equity. Major holdings include Manba Investments and Securities Private Limited at 27.68% and Manish Kiritkumar Shah at 13.06%. This annual disclosure under SEBI Takeover Regulations confirms that the promoters' stake remains free of any direct or indirect liens.
Key Highlights
Promoters and Promoter Group hold a total of 37,669,410 shares, equivalent to 74.98% of the company.
Declaration confirmed zero encumbrance or pledging of shares for the financial year ended March 31, 2026.
Manba Investments and Securities Private Limited is the largest promoter entity with a 27.68% stake.
Individual promoter Manish Kiritkumar Shah holds 6,559,848 shares representing 13.06% of the company.
👀 What to Watch
Investors should view this as a positive sign of promoter stability and financial health, as a high promoter holding with zero pledging reduces risk. No immediate action is required other than monitoring the company's upcoming annual financial performance.
Manba Finance Enters South India via Strategic Partnership; Targets 100+ Locations
Manba Finance Limited has announced a strategic partnership with Sreesastha (Nammaloan) to expand its vehicle-financing footprint into South India, starting with Karnataka and Tamil Nadu. The expansion is backed by a leadership team with over 100 years of combined experience and targets over 100 potential locations. As of March 31, 2026, Manba's AUM stood at ₹1,700 crore with a presence in 6 states. The company aims to leverage its digital platform, which offers one-minute in-principle approvals, to capture market share in the competitive South Indian vehicle-finance segment.
Key Highlights
Strategic partnership with Sreesastha (Nammaloan) to enter South India, initially focusing on Karnataka and Tamil Nadu.
Identified over 100 potential locations for phased expansion across South Indian states.
Company AUM reached over ₹1,700 crore as of March 31, 2026, serving more than 1 million customers.
Expansion is led by a core team with over 100 years of combined experience in automobile lending.
Product rollout includes new/used two-wheelers, three-wheelers, and used car loans via a paperless digital platform.
👀 What to Watch
Investors should monitor the pace of branch activation in South India and the subsequent impact on AUM growth and credit quality. Successful execution in these high-volume vehicle markets could lead to a significant re-rating of the stock.
Manba Finance Partners with AMU Leasing and SHFIN for EV and Rural Financing Expansion
Manba Finance Limited has announced two strategic partnerships to strengthen its presence in the electric vehicle (EV) and rural financing sectors. The first collaboration with AMU Leasing targets the financing of electric three-wheelers and commercial EVs across Uttar Pradesh and Madhya Pradesh. The second partnership with SHFIN focuses on expanding two-wheeler financing in the Vidarbha region of Maharashtra. These initiatives are designed to improve credit access for MSMEs and first-time borrowers while driving financial inclusion in underserved markets.
Key Highlights
Partnered with AMU Leasing to finance electric 3-wheelers and commercial EVs in UP and MP.
Collaborated with SHFIN to expand two-wheeler financing in Maharashtra's Vidarbha region.
Targeting high-growth segments including MSMEs, first-time borrowers, and rural semi-urban markets.
Strategic move to capitalize on India's transition toward sustainable mobility and clean transportation.
Aims to enhance disbursement speed and simplify loan processes through technology-driven solutions.
👀 What to Watch
Investors should monitor the company's AUM growth and asset quality trends in the newly entered EV and Vidarbha rural segments. The expansion into the EV ecosystem is a positive strategic pivot that could drive long-term valuation rerating.
Manba Finance Reports 29% AUM Growth and 20% PAT Increase for FY26
Manba Finance Limited delivered a strong performance for FY26, with Assets Under Management (AUM) growing 29% YoY to ₹1,713 crore. The company reported a 20% increase in annual Profit After Tax (PAT) to ₹45 crore, supported by healthy Net Interest Margins (NIM) of 13.63%. Asset quality showed improvement with Gross NPA at 3.33% and Net NPA at 2.46%, while the company declared a total dividend of 10% for the year. Management aims to diversify the portfolio, targeting a reduction in 2-wheeler concentration from 84.5% to 65% over the next three years.
Key Highlights
AUM grew 29% YoY to ₹1,713 crore with annual disbursements reaching ₹977 crore
Net Interest Income for Q4 rose 34% YoY to ₹50 crore, while FY26 PAT hit ₹45 crore
Asset quality improved with Gross NPA at 3.33% and Net NPA at 2.46% as of March 31, 2026
Cost of borrowing decreased to 10.64% from 10.80%, aiding a return on equity (ROE) of 11.65%
Strategic shift planned to reduce 2-wheeler loan concentration from 84.5% to 65% within three years
👀 What to Watch
Investors should monitor the company's progress in diversifying its loan book toward 3-wheelers and MSME loans to reduce concentration risk. The improving return ratios and stable credit costs suggest a healthy growth trajectory for this NBFC.
Manba Finance FY26 PAT Up 20% to ₹454 Mn; AUM Crosses ₹17,127 Mn with 28.6% Growth
Manba Finance delivered robust FY26 results with AUM growing 28.6% YoY to ₹17,127 Mn and PAT rising 20.1% to ₹454 Mn. The company significantly expanded its reach, increasing its location count from 73 to 130 and its dealer network by 31.3% to 1,596. Net Interest Margin remains strong at 13.63%, although Gross NPA saw a marginal increase to 3.33% from 3.23% in the previous year. The company continues to diversify its portfolio into Used Cars and Small Business Loans alongside its core two-wheeler and three-wheeler financing.
Key Highlights
Total AUM grew 28.6% YoY to ₹17,127 Mn, achieving a 3-year CAGR of 39.29%
Net Profit (PAT) increased 20.1% to ₹454 Mn, while Net Interest Income rose 24.3% to ₹1,616 Mn
Dealer network expanded to 1,596 across 6 states, supporting annual disbursements of ₹9,769 Mn
Maintained healthy profitability metrics with a Return on Assets (ROA) of 2.63% and NIM of 13.63%
Asset quality showed a slight uptick with GNPA at 3.33% and NNPA at 2.46% for FY26
👀 What to Watch
The company shows strong growth momentum and successful geographic expansion into Uttar Pradesh and Madhya Pradesh. Investors should monitor if the marginal rise in NPAs stabilizes as the company scales its new product segments like Small Business Loans.
Manba Finance FY26 Revenue Jumps 31.5% to ₹330 Cr; Proposes ₹0.25 Dividend & ₹200 Cr Fundraise
Manba Finance reported a strong financial performance for FY26, with total income rising to ₹330.19 crore from ₹250.97 crore in the previous year. The Board has recommended a final dividend of ₹0.25 per share (2.5% of face value) for the fiscal year. To support further growth, the company approved a significant fundraise of up to ₹200 crore through the issuance of Non-Convertible Debentures (NCDs) and other debt instruments. Quarterly Profit Before Tax for Q4 FY26 saw a robust 51% year-on-year growth, reaching ₹16.94 crore.
Key Highlights
Total Income for FY26 grew 31.5% YoY to ₹330.19 crore compared to ₹250.97 crore in FY25
Quarterly Profit Before Tax (PBT) for Q4 FY26 rose to ₹16.94 crore from ₹11.19 crore in Q4 FY25
Board recommended a final dividend of ₹0.25 per equity share of face value ₹10
Approved fresh issuance of debt securities including NCDs up to ₹200 crore on a private placement basis
Interest income for the full year increased significantly to ₹313.46 crore from ₹237.79 crore YoY
👀 What to Watch
Investors should view the strong revenue growth and dividend declaration as positive indicators of the company's scaling operations. Monitor the successful deployment of the ₹200 crore debt fundraise and its impact on the net interest margin (NIM) in upcoming quarters.
Manba Finance Recommends ₹0.25 Dividend and Approves ₹200 Cr Fundraise
Manba Finance has recommended a final dividend of ₹0.25 per share for FY 2025-26, representing 2.5% of the face value. The company reported a robust growth in total income, which rose to ₹33,019.44 lakhs for the full year compared to ₹25,096.94 lakhs in the previous fiscal. Additionally, the board has approved a significant fundraise of up to ₹200 Crores through the issuance of Non-Convertible Debentures (NCDs) and other debt securities to fuel future growth. These results indicate strong operational momentum with interest income growing by approximately 31% year-on-year.
Key Highlights
Recommended a final dividend of ₹0.25 per equity share for the financial year 2025-26.
Total income for FY26 increased to ₹33,019.44 lakhs from ₹25,096.94 lakhs in FY25.
Interest income saw a sharp rise to ₹31,346.25 lakhs for the full year ended March 31, 2026.
Board approved fresh issuance of debt securities including NCDs up to ₹200 Crores on a private placement basis.
Finance costs for the year stood at ₹15,193.22 lakhs, up from ₹10,783.73 lakhs in the previous year.
👀 What to Watch
Investors should view the consistent revenue growth and the ₹200 Crore fundraise as positive indicators for the company's expansion plans. The dividend provides a modest return, but the primary focus should remain on the company's ability to manage margins amid rising finance costs.
Manba Finance FY26 Revenue Grows 31% to ₹328 Cr; Proposes ₹0.25 Dividend & ₹200 Cr Debt Raise
Manba Finance reported a strong financial performance for the year ended March 31, 2026, with total revenue from operations rising 31% YoY to ₹328.19 crore. The Board has recommended a final dividend of ₹0.25 per share (2.5%) for FY26, subject to shareholder approval. Additionally, the company has approved a significant capital raise of up to ₹200 crore through the issuance of Non-Convertible Debentures (NCDs) and other debt instruments. Profit Before Tax for the final quarter stood at ₹16.94 crore, showing robust growth compared to ₹11.19 crore in the same quarter last year.
Key Highlights
Total revenue for FY26 increased to ₹328.19 crore from ₹250.93 crore in the previous fiscal year.
Profit Before Tax (PBT) for Q4 FY26 grew by 51.3% YoY to ₹16.94 crore.
Board recommended a final dividend of ₹0.25 per equity share of face value ₹10.
Approved a fresh issue of debt securities up to ₹200 crore on a private placement basis to fuel expansion.
Impairment on financial instruments for FY26 rose to ₹24.47 crore compared to ₹16.96 crore in FY25.
👀 What to Watch
Investors should take note of the consistent revenue growth and the company's proactive approach to capital raising for future lending. The dividend payout reflects management confidence, though the rising impairment costs warrant monitoring in future quarters.
Manba Finance Secures ₹100 Crore Term Loan from State Bank of India
Manba Finance Limited has received a sanction for a term loan amounting to ₹100 crore from the State Bank of India (SBI). This significant credit facility from India's largest public sector bank underscores strong institutional confidence in the company's financial health and credit profile. For an NBFC, such capital infusions are vital for expanding the loan book and driving revenue growth. The association with a Tier-1 lender like SBI may also lead to a more competitive cost of funds for the company.
Key Highlights
Sanction of a Term Loan worth ₹100,00,00,000 (One Hundred Crores).
Lending facility provided by the State Bank of India (SBI).
The capital infusion will support the company's liquidity and onward lending capacity.
Official intimation provided to both NSE and BSE on March 30, 2026.
👀 What to Watch
Investors should view this as a positive indicator of the company's ability to raise low-cost debt from major banks. Monitor the company's upcoming quarterly results to see how this capital deployment impacts AUM growth and Net Interest Margins.
Manba Finance Q3 FY26: AUM Grows 25% YoY to ₹1,631 Cr; PAT Up 15% in 9M FY26
Manba Finance reported a robust 25% YoY growth in Assets Under Management (AUM) to ₹1,631 crores for Q3 FY26, driven by record quarterly disbursements of ₹347 crores. The company maintained healthy profitability with a 9-month PAT of ₹34 crores and a strong Net Interest Margin (NIM) of 12.65%. Asset quality remains stable with Gross NPA at 3.38% and credit costs consistently kept below 1%. Strategic expansion in UP and MP, along with a new MoU with TVS Motor, positions the company for continued growth in the two-wheeler and three-wheeler segments.
Key Highlights
AUM reached ₹1,631 crores, marking a 25% YoY growth with over 95% of the portfolio secured.
Q3 disbursements surged 48.9% QoQ to ₹347 crores, supported by festive demand and dealer network expansion.
Average cost of borrowing improved to 10.12% from 10.80%, aiding NIMs which stood at 12.65%.
Asset quality improved slightly with GNPA at 3.38% compared to 3.52% in the previous quarter.
Capital Adequacy Ratio remains strong at 25.06%, providing significant headroom for future growth.
👀 What to Watch
Investors should note the company's successful reduction in borrowing costs and stable asset quality despite rapid growth. The stock remains a positive watch for those interested in the niche two-wheeler and SME financing space as it scales in North India.
Manba Finance Reports 25% AUM Growth to ₹16,308 Mn in 9M-FY26 Investor Presentation
Manba Finance Limited reported a strong 25.08% YoY growth in Assets Under Management (AUM), reaching ₹16,308 million for 9M-FY26. Net Interest Income (NII) rose by 19.20% to ₹1,104 million, while Profit After Tax (PAT) grew by 14.95% to ₹342 million. The company significantly expanded its reach, increasing its location count from 71 to 113 and its dealer network to 1,452. However, asset quality saw a slight decline, with Gross NPA increasing to 3.38% from 2.83% in the previous year.
Key Highlights
AUM grew 25.08% YoY to ₹16,308 Mn with a 3-year CAGR of 39.0%
Net Interest Margin (NIM) remains robust at 12.65% with an average yield of 22.80%
Geographical footprint expanded to 113 locations across 6 states, adding 334 new dealers YoY
Asset quality showed marginal stress with GNPA at 3.38% and NNPA at 2.57% compared to 2.83% and 2.21% respectively
Disbursements increased by 11.12% YoY to ₹7,461 Mn for the nine-month period
👀 What to Watch
Investors should monitor the company's ability to manage the slight uptick in NPAs while scaling its high-yield vehicle and small business loan portfolios. The strong NIM and expansion into new states like Uttar Pradesh provide a positive outlook for future revenue growth.
