Manba Finance Ltd (MANBA) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a robust year-on-year AUM growth of 36%, reaching INR 1,500 crores, primarily driven by strong demand in the two-wheeler segment.
- Disbursement momentum was strong, particularly in October, which saw a record monthly disbursement of INR 175.40 crores, fueled by a favorable GST rate cut that spurred vehicle sales.
- Profitability showed healthy growth, with a 26% year-on-year increase in Profit After Tax for the first half of FY26, supported by steady loan growth and improved funding efficiencies.
- Asset quality remained largely stable, with Gross Stage 3 assets at 3.52% and Net Stage 3 assets at 2.68%, and credit losses were well-controlled at under 1%.
- The company continued its strategic expansion through new business correspondence partnerships and technological enhancements, including the launch of an industry-first straight-through process for used two-wheeler loans.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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