Manappuram Finance Q2 FY27: Profit +223% to ₹701 Cr

📊 Manappuram Finance MANAPPURAM has reported one of the sharpest earnings jumps of this results season, led by its core gold loan business. Key Q2 FY27 numbers (consolidated): ✅ Net profit: ₹701.25 Cr vs ₹217.31 Cr a year ago (about +223% YoY) ✅ Revenue from operations: ₹3,361.55 Cr, up about 48% YoY ✅ Sequential growth: profit higher than ₹585 Cr reported in Q1 FY27 ✅ Lower credit costs supported the bottom line ✅ Gold loan segment remained the main growth engine What to track in the coming quarters: ✅ Sustainability of gold loan growth if gold prices cool ✅ Asset quality trend in the microfinance arm (Asirvad) ✅ Yields and competition in the gold loan market ✅ Execution of the branch expansion plan High gold prices have been a tailwind for gold financiers. The key question for investors is how much of this growth is structural and how much is cyclical. 💬 What do you think: is the gold loan boom here to stay, or is it mainly a gold-price story? Share your view in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.