Manba Finance earnings calls.

Manba Finance delivered a strong Q3 FY26 with AUM reaching ₹1,631 croreCurrent ₹1,631 crore. Reported change: +25% YoY. (25% YoY) and record quarterly disbursements of ₹347 croreCurrent ₹347 crore. Reported change: +48.9% QoQ. (up 48.9% QoQ). The company added 37,500 new customers, expanding its live base to 2.2 lakh borrowers. PAT for 9M FY26 stood at ₹34Current reported value: 34. No comparable prior figure is available in the source record. crore (up 15Current reported value: 15. No comparable prior figure is available in the source record.% YoY), though margins were compressed as the company built liquidity ahead of the festive season—major disbursements from October will generate full-quarter income from Q4 onwards. Asset quality remained well-controlled with Gross NPA improving to 3.38%Current 3.38%. Reported change: -14bps vs Q2. from 3.52% in Q2, and credit costs consistently below 1%. The company entered a strategic MOU with TVS Motor for three-wheeler financing, targeting ₹250-300 crore incremental disbursements over 18-24 months. For FY27, management targets 25-30% AUM growthCurrent reported value: 25-30% AUM growth. No comparable prior figure is available in the source record. with PAT of ₹65-70 crore. Key risks include competitive intensity in used car financing where the company faces margin pressure (cost of funds at 11% vs. market rates of 16%) and the need for co-lending partnerships. Capital raise is planned for mid-FY27 to support growth while maintaining leverage below 4.25x.