Manappuram Finance Q2 results: Net profit slumps 62%; dividend declared

Gold financier Manappuram Finance Ltd on Thursday reported a 62% decline in second-quarter net profit to ₹217.3 crore, compared with ₹572 crore a year earlier, weighed down by a fall in net interest income (NII).

The company’s NII fell 18.5% year-on-year to ₹1,408 crore during the quarter , down from ₹1,728 crore reported last year.

The weak quarterly performance comes despite record-high bullion prices, which have typically supported growth for gold loan lenders like Manappuram.

Spot gold prices are up 50% so far this year after hitting a record high of $4,381 a troy ounce on October 20 on safe-haven demand driven by geopolitical tensions, US tariff uncertainty and more recently a wave of fear-of-missing-out or ”FOMO” buying.

In the first quarter, Manappuram Finance had reported a 76.3% decline in consolidated net profit owing to a significant loss in its microfinance segment, which reported a pre-tax loss of ₹437 crore.

Rival Muthoot Finance is yet to report its second quarter results.

The company’s board declared an interim dividend of ₹0.50 per equity share (25%) of face value ₹2 each. The record date for determining eligible shareholders is Nov. 7, 2025, and the dividend will be paid or dispatched to shareholders on or after that date.

Shares of the company ended trading today at ₹275.10 on the BSE, down 0.5% from last day's closing price. The stock has been up over 40% this year so far.