Manappuram stock reports strong Q1 growth as shares hold at INR 310.20

Published on 10/07/2026 at 03:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Manappuram stock posted Q1 FY27 revenue of INR 30.34 billion and net profit of INR 5.85 billion. Gold-loan assets climbed 98 percent year over year.

Manappuram, INE522D01027, Illustration mit AI erstellt.

Manappuram stock was last at INR 310.20 on the NSE on October 6, 2026 at 3:15 p.m. IST, down 0.16 percent for the session. The key operating signal is the latest quarterly performance, with gold-loan expansion driving a sharp improvement in profitability.

Q1 profit reaches INR 5.85 billion

According to Stockfin in its Q1 FY27 analysis published on September 30, 2026, Manappuram Finance generated revenue of INR 30.34 billion in the quarter ended June 2026. Net profit reached INR 5.85 billion, compared with INR 1.33 billion in Q1 FY26, a 340.0 percent increase.

The operating mix explains why the profit figure matters more than revenue alone. Gold-loan assets reached INR 57.006 billion in Q1 FY27, up 98 percent from the prior-year quarter, while total assets under management stood at INR 69.635 billion, up 57 percent year over year, according to Stockfin.

Jefferies targets INR 430

As The Economic Times reported on September 23, 2026, Jefferies assigned Manappuram Finance a Buy rating and an INR 430 price target. The target lies 38.6 percent above the October 6 NSE price of INR 310.20, giving the analyst view a materially different horizon from the daily move.

The market is still pricing the stock below its recent peak. INR 310.20 was 18.7 percent below the 52-week high of INR 381.55, while the 52-week low stood at INR 245.15 on the quoted NSE range. That spread leaves gold-loan growth and credit quality as the central operating tests for the next results cycle.

Next results date is November 9

TradingView lists November 9, 2026 as the next earnings-report date. The appointment gives investors a defined checkpoint for testing whether the Q1 acceleration in revenue, profit and gold-loan assets continued through the September quarter.

Manappuram stock remains below yearly high

Manappuram Finance had a market capitalization of INR 291.4 billion and traded 3,954,884 shares on October 6, 2026. Its NSE session range was INR 305.95 to INR 312.95, with a prior close of INR 310.70.