Manappuram Finance Q3 NII jumps 14% on-year; CLSA hikes target price

Manappuram Finance posted a net profit of ₹453.4 crore in Q3FY25, reflecting a 5.8% increase from ₹428.6 crore in the corresponding period last year.

The company’s net interest income (NII) saw a healthier growth of 13.7% YoY, reaching ₹1,160.9 crore compared to ₹1,021.2 crore in Q3FY24.

The rise in NII indicates strong lending activity and improved interest spreads.

Alongside its earnings, Manappuram Finance announced plans to raise up to $2 billion under its Global Medium-Term Note (GMTN) programme, a move that could enhance its funding flexibility and growth prospects.

Foreign brokerage CLSA maintained an ‘Outperform’ rating on the stock, increasing its price target to ₹225 per share on Tuesday.

Also read: Muthoot Finance Q3 profit surges 33% YoY on strong gold loan growth

In its note on gold financiers, CLSA highlighted that momentum in the gold loan segment has remained robust during the first nine months of FY25 (9MFY25).

Manappuram Finance also declared an interim dividend of ₹1 per share on a face value of ₹2. The record date is set as February 21, 2025, with payment by March 14, 2025.

Ahead of its earnings announcement, shares of Manappuram Finance closed higher on the BSE. The stock settled at ₹194.25, up 1.33% for the day.