Manba Finance LimitedNII +40%, PAT +20%, growth guide 30-35%

Manba Finance's Q2 FY27 call, held on 28 October 2026, reported net interest income of ₹52 crore, up 40% year on year, and profit after tax of ₹14 crore, up 20%.

For the first half, net interest income was ₹94 crore and profit after tax ₹27 crore, up 28%. Assets under management reached ₹1,811 crore, up 21%, and Q2 disbursement was ₹267 crore against ₹233 crore. Gross NPA improved to 2.96% and net NPA to 2.19%, and the capital adequacy ratio was 24.69% before a ₹100 crore preferential issue due by 6 November. CARE upgraded the rating to A minus stable, and the average cost of borrowing fell to 10.14%, with about ₹600 crore of older, costlier borrowing due to run off by March.

Operating expenses rose 28% as 16 offices were added in a year. The Managing Director reaffirmed AUM growth of 30% to 35% for FY27, which needs a strong second half, citing ₹120 crore of new AUM added in October and growth in Karnataka, MSME loans, small business loans and business-correspondent partners. An analyst noted that AUM grew only about 5.7% in the first half.