Manappuram Finance profit more than triples to 701 crore rupees in the second quarter

Muthoot Finance reported in its regulatory filings a 27% increase in net profit for the September quarter, reaching 2,977 crore rupees. Total revenue for the July-September quarter amounted to 8,842 crore rupees, which is higher than the 6,442 crore rupees recorded in the same period last year.

Previously, in the July-September quarter of fiscal year 26, the company's profit was 2,345 crore rupees. The interesting revenue grew to 8,730 crore rupees in the second quarter of fiscal year 27, compared to 6,304 crore rupees in the second quarter of fiscal year 26.

For the first half of the current fiscal year (April-September), profit after tax on a consolidated basis increased by 39%, totaling 6,103 crore rupees. Furthermore, the consolidated Assets Under Management (AUM) for lending grew by 42% to 2.09 trillion rupees, and the consolidated Gold Loan AUM increased by 46% year-on-year, exceeding 1.93 trillion rupees.

George Alexander Muthoot, Executive Vice Chairman of Muthoot Finance, noted that the gold loan market in India continues to show significant growth potential. This growth is supported by increasing demand for secured lending and the formalization of the borrowing process.

He also emphasized that the microfinance subsidiary is showing positive momentum due to balanced growth and diversification into the gold loan business. George Alexander Muthoot stated that the merger of Muthoot Money, which now exclusively deals in gold loans, will allow for the release of operational and financial efficiency. He added that with its extensive and expanding branch network and years of experience in the gold loan sector, the company is well-positioned to continue leading the market and accelerating growth rates throughout fiscal year 27 and beyond.

Aditya Birla Capital reported a significant increase in consolidated net profit of 38% year-on-year, reaching 1,288 crore rupees for the quarter from July to September of the fiscal year 2026-27 (Q2FY27). This growth is attributed to the active development of the lending business, with higher revenues demonstrated by both the non-banking financial institution (NBFC) division and the housing finance division.

For the reporting quarter, the revenue of the financial company's consolidated segment increased by 31% year-on-year, amounting to 16,545 crore rupees. Specifically, the lending business, excluding housing finance, recorded a profit growth of 41% to 1,008 crore rupees, while Aditya Birla Housing Finance showed an increase of 73% to 335 crore rupees.

The Assets Under Management (AUM) of the NBFC grew by 26.5% year-on-year, reaching 1.77 trillion rupees as of the end of September. Meanwhile, net interest income, including commission receipts, increased by 24.7%, totaling 2,488 crore rupees.

Growth was observed across all segments of the loan portfolio. Business loans increased by 30% year-on-year to 1.01 trillion rupees, while consumer and personal loans grew by 37% to 24,955 crore rupees. Corporate and medium-term loans increased by 15% to 50,483 crore rupees.

The total volume of loans disbursed by the NBFC in Q2FY27 rose by 12% year-on-year to 24,708 crore rupees. Disbursement in the secured business loan segment increased by 22% to 9,737 crore rupees, and disbursement of personal and consumer loans grew by 18% to 5,877 crore rupees.

Furthermore, the NBFC improved its metrics for Stage 2 and Stage 3 assets, which stood at 2.31% (an improvement of 72 basis points year-on-year and 12 basis points sequentially). Return on assets was 2.45%.

Aditya Birla Housing Finance also demonstrated strong growth: profit increased by 73% year-on-year to 335 crore rupees. Its AUM grew by 50% to 57,373 crore rupees, and return on assets was 2.12%. Metrics for Stage 2 and Stage 3 assets improved by 45 basis points year-on-year, reaching 0.65%.

Among other areas, life insurance increased profit by 27% to 85 crore rupees. The company's presentation contains discrepancies regarding the individual first-year premium: the detailed table indicates 1,729 crore rupees for Q2FY27 versus 1,173 crore rupees the previous year, whereas the summary report states the first half-year premium at 2,342 crore rupees, which is 25% higher compared to last year. These figures require verification with the company before publication. For the first half of the year, the total gross premium reached 12,656 crore rupees compared to 8,941 crore rupees in the same period last year.

In asset management business, profit after tax was 221 crore rupees in Q2FY27, a decrease of 8% year-on-year. Average assets under management in the country grew by 4% quarter-on-quarter year-on-year, and average equity market assets under management grew by 9%.

Profit from medical insurance fell by 74% year-on-year, amounting to 27 crore rupees compared to 105 crore rupees in the quarter a year ago. For the first half of FY27, the business reported a gross insurance premium of 4,543 crore rupees, which is 48% higher year-on-year. The combined operating ratio for the first half of FY27 was 106.5%, compared to 103.1% the previous year.

The company's consolidated profit after tax for the first half of FY27 reached 2,462 crore rupees, exceeding 1,772 crore rupees for the corresponding period last year.