Vehicle finance portfolio stress
Vehicle finance AUM declined 37% YoY; GNPA improved to 10.4% but remains elevated. A one-time write-off of ₹84 crore was taken in Q4.
high · management_commentary
Manappuram Finance Ltd — Q4 FY26
Manappuram Finance reported a strong Q4 FY26 with consolidated revenue of ₹2,614 crore (+11% YoY) and PAT of ₹405 crore (+70% QoQ).
bullish
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
MSME portfolio NPA increase
MSME GNPA rose to 7.1% from 6.1% QoQ, raising concerns about potential further write-offs.
medium · analyst_questionGold yield compression from mix shift
Higher growth in larger ticket gold loans at lower rates could pressure yields despite management's guidance of stability.
medium · data_observationUncertainty around MD Ravi's return
MD Ravi is undergoing treatment in Singapore; his return timeline is unclear, creating leadership uncertainty.
medium · analyst_question