Manba Finance guides 35-40% AUM growth after strong Q1
Management targets 35-40% AUM expansion for FY27 after Q1 revenue jumps 34% to ₹92.6 cr and profit rises 36% to ₹13.3 cr. Interim dividend of ₹0.25 declared.
— 4 earlier stories on Manba Finance Ltd. →What's new
- Revenue up 34% YoY to ₹92.6 cr, net profit up 36% to ₹13.3 cr
- AUM grows 22% to ₹1,731 cr; gross stage 3 improves to 3.41%
- Management projects 35-40% AUM growth for FY27, a new explicit guidance
Why this matters
For a micro-cap NBFC, explicit growth guidance is rare. This signals management's confidence in its expansion strategy, including South India entry and EV battery product. The strong Q1 validates the trajectory, but the stock's P/E of 14.5 already reflects expectations. Execution is now the test.
What we're watching
- Sustaining 35-40% AUM growth pace given the small base
- Progress of South India partnership and EV battery financing
- Asset quality trends as loan book expands faster
The full read
Manba Finance's Q1 numbers are strong: revenue up 34% to ₹92.6 cr, net profit up 36% to ₹13.3 cr, and AUM crossing ₹1,731 cr, up 22% annually. Asset quality improved too, with gross stage 3 falling to 3.41% from 3.47%. The headline news is management's explicit full-year AUM growth target of 35-40%, rare for a micro-cap NBFC. That forward guidance, alongside an interim dividend of ₹0.25, signals confidence. It's an aggressive target. The company's entry into South India with Sreesastha and its new EV battery-financing product give it fresh levers, but at a P/E of 14.5 the stock already prices in some of this optimism. The open question is whether Manba can execute at this pace without stretching credit quality.
Questions answered
- What is the key new information in this filing?
- Management's explicit AUM growth guidance of 35-40% for the full year. This was absent from earlier board meeting outcomes and signals confidence in the growth trajectory.
- How does Q1 performance compare to prior trends?
- Revenue growth of 34% and profit growth of 36% are in line with the trailing 12-month growth of 37% and 39% respectively, showing consistency.
- What is the interim dividend and its significance?
- The board declared a first interim dividend of ₹0.25 per share, payable by 20 August. At current market price, this implies a dividend yield of about 0.6%, modest but a sign of capital return.
- What are the new growth initiatives mentioned?
- Manba has entered South India through a partnership with Sreesastha and launched a battery-financing product for electric three-wheelers, tapping into the EV ecosystem.
- Is the AUM guidance achievable given the current pace?
- Q1 AUM grew 22% annually to ₹1,731 cr. To hit 35-40% full-year growth, the company needs to step up quarterly additions. The new initiatives could help, but it's an aggressive target.
Manba Finance Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on MANBA →- 27 Jul 2026 · 7:40 PM IST Manba Finance guides 35-40% AUM growth after strong Q1
- today Manba withdraws PAT target, plans ₹100 cr preference share issue
- 1d ago Manba Finance posts 38% revenue growth, declares ₹0.25 interim dividend
- 42d ago Manba Finance enters South India with vehicle-financing partnership
- 50d ago Manba Finance taps two lenders for EV and rural bike push