Manappuram Finance posts sharp Q2 profit jump

Manappuram Finance reports 222.7% profit growth in Q2 FY27 as the stock approaches Rs 330 resistance. Manappuram Finance Limited [ MANAPPURAM ] reported a strong Q2 FY27 performance, with consolidated profit rising 222.7% year-on-year to Rs 701 crore. The company had reported a profit of Rs 217.3 crore in the corresponding quarter last year. Consolidated revenue from operations increased 47.8% to Rs 3,361.6 crore from Rs 2,274.5 crore. The results were announced on November 12, 2026, after market hours. Therefore, November 13 is the first trading session to reflect the earnings announcement. The sharp improvement in profitability, alongside 60.1% growth in consolidated assets under management to Rs 73,303 crore, provides a positive fundamental trigger. Gold loan AUM also increased 92.5% to Rs 60,640 crore. Technically, the stock has shown strong recent momentum, recovering around 21% from its recent swing low, as per the supplied price assessment. The Rs 330 zone remains an important resistance. A sustained breakout above this level could strengthen bullish momentum. On the downside, Rs 300 is the immediate support to monitor. Failure to hold this support could weaken the recovery structure. The combination of strong earnings and improving momentum keeps the near-term outlook positive, subject to price confirmation. Stance: Bullish above Rs 300, with Rs 330 as the key breakout level. Disclosure : I do not hold any position in this stock. The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security.