Manappuram Finance Q2 FY27: Profit Triples to ₹701 Crore as Gold Loans Nearly Double

Manappuram Finance, the Kerala-based gold loan company, reported a consolidated net profit of ₹701 crore for the quarter ended 30 September 2026 (Q2 FY27). That is about 223% more than the ₹217 crore it reported a year earlier, according to the company's results as reported by Business Standard and Business Upturn.

On a standalone basis (the parent company only), profit rose about 77% to ₹665 crore, from ₹376 crore, according to Investing.com's summary of the results presentation.

The main numbers

• Consolidated profit: ₹701.25 crore, up from ₹217.31 crore a year ago and ₹584.77 crore in the previous quarter (Business Upturn).
• Revenue from operations: ₹3,361.55 crore, up from ₹2,274.53 crore (Business Upturn).
• Total loans (consolidated AUM): ₹73,303 crore, up 60.1% (Investing.com).
• Gold loans: ₹60,640 crore, up 92.5%, about 83% of all loans (Investing.com).
• Bad loans: gross NPA 1.8%, net NPA 1.2% (Investing.com).
• Dividend: an interim dividend of ₹1 per share.

Gold loans: more money per branch

The company runs 4,113 gold loan branches. Each branch now holds about ₹16.2 crore of gold loans on average, up from ₹5.4 crore in FY2023, according to the results presentation as reported by Investing.com. About 91% of the gold loan book is processed online.

One number to watch: loans in "Stage 2" (payments running late, but not yet bad loans) rose to about 5% of the gold book, from about 0.5% a quarter earlier, Investing.com reported. More late payments mean more work for collections and customer follow-up teams.

Microfinance is back in profit

Asirvad Micro Finance, the company's microfinance arm, earned ₹32 crore in the quarter. A year earlier it lost ₹168 crore. Its loan book stands at ₹7,919 crore, and its gross NPA has come down to 4.6% from a peak of 8.5% in FY2025 (Investing.com). Asirvad runs 1,428 microfinance branches and 541 gold loan branches.

What this means for jobs

The company plans to add about 500 branches by March 2027, and had added about 100 in the first half of the year, according to Investing.com's report on the results call. Each new gold loan branch needs people on the ground: branch heads, gold loan officers who value and check the gold, cashiers and customer staff.

This fits a wider pattern. Jobs hold up best where a physical asset must be checked in person. Gold must be weighed and tested at the counter. A loan app cannot do that. That is why gold loan branches keep hiring even as lenders move paperwork online.

It also fits what Finploy sees in its own job posts. Of every 100 openings lenders and insurers posted on Finploy (February 2025 to October 2026), about 98 were client-facing roles in sales and relationship work. In microfinance, about 83% of openings were outside the big metros. The median fixed pay for collections roles was about ₹2.6 lakh a year, and about ₹3.5 lakh for front-line sales roles.

If you are looking for work: gold loan and microfinance branches in smaller towns are where most of this growth will show up. A clean record, local language and comfort with customers count for more than a metro degree in these roles.

Frequently asked questions

How much profit did Manappuram Finance make in Q2 FY27?

Its consolidated net profit was ₹701.25 crore for July to September 2026, up about 223% from ₹217.31 crore a year earlier. The standalone profit was about ₹665 crore.

How fast are Manappuram's gold loans growing?

Consolidated gold loan AUM rose 92.5% to ₹60,640 crore, about 83% of all its loans, according to the results presentation as reported by Investing.com.

Is Manappuram Finance opening new branches?

The company plans to add about 500 branches by March 2027 and had added about 100 in the first half of the year, as reported by Investing.com.