Manappuram Finance Ltd (BOM:531213)
₹ 211.2 4.25 (2.11%) Market Cap: 178.77 Bil Enterprise Value: 490.45 Bil PE Ratio: 7.71 PB Ratio: 1.50 GF Score: 81/100
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Q1 2025 Manappuram Finance Ltd Earnings Call Transcript

Aug 13, 2024 / 10:30AM GMT
Release Date Price: ₹207.3 (-1.26%)

Key Points

Positve
  • Manappuram Finance Ltd (BOM:531213) reported a net profit of INR557 crores, an improvement of 11.7% year on year.
  • The standalone AUM grew by 20.6% year on year to INR31,035 crores.
  • Gold AUM reached INR23,647 crores, an improvement of 14.8% over the same quarter last year.
  • The company added 4.21 lakh new customers during the quarter, increasing the number of outstanding customers to 24.5 lakh.
  • The home loan business saw a 32% increase in AUM year on year, reaching INR1,587 crores.
Negative
  • Standalone GNPA increased slightly to 1.96% from 1.93% in the previous quarter.
  • Borrowing costs have risen by 18 basis points, partly due to raising USD300 million under regress in May 2024.
  • The microfinance sector is facing collection challenges due to climatic conditions and rumors of loan waivers.
  • Vehicle finance GNPA stands at 3.6%, indicating some stress in this segment.
  • The company is experiencing increased stress in the MSME segment, with GNPA levels rising.
Operator

Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of Manappuram Finance hosted by DAM Capital Advisors Limited. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Sanket Chheda from DAM Capital. Thank you, and over to you.

Sanket Chheda
DAM Capital Advisors - Analyst

Very warm. Welcome to all of you to Manappuram Q1 FY25 conference call. We have with our management team today with starting with Mr. V.P. Nandakumar, MD and CEO; Dr. Sumitha Nandan, Executive Director; Ms. Bindu A.L., Chief Financial Officer; Mr. B.N. Raveendra Babu, MD of Asirvad Microfinance; Mr. Rajesh Namboodiripad, CFO of Asirvad MFI; Mr. Basavaraj Shetty, Senior VP and Head IR; Mr. Kamal Parmar, who is heading the Vehicle and Equipment; Mr. Suveen P.S., CEO of Manappuram Home Finance; and Mr. Robin Karuvely, CFO, Manappuram Home Finance.

Without further ado, I will hand the call to Mr. V.P. Nandakumar for his opening remarks will follow that of this question and answers. Over

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