Gold loan NBFC Manappuram Finance on Friday reported a 3% year-on-year decline in net profit to Rs 414.3 crore for Q4FY25, weighed down by higher finance costs and impairment provisions on financial instruments. 

Interest income of the Kerala-based lender recorded a 15% year-on-year rise to Rs 1,735.92 crore during the January-March quarter of 2025. However, total expenses jumped 25% to Rs 1,191.51 crore during this period. Finance cost stood at Rs 609.54 crore as against Rs 488.68 crore in Q4FY24. For the full year, Manappuram Finance reported a 8% rise in net profit at Rs 1,783.25 crore in FY25. 

On a consolidated basis, Manappuram Finance reported a net loss of Rs 203.18 crore against a net profit of Rs 563.51 crore in Q4FY25. The consolidated figures include the result of subsidiaries Manappuram Home Finance, Asirvad Micro Finance, Manappuram Insurance Brokers and Manappuram Comptech and Consultants. The loss at the consolidated level was primarily due to higher loan loss provisions, as impairment of financial instruments — largely on account of microfinance loans — rose nearly five-fold year-on-year to Rs 919.21 crore during Q4FY25. 

The company’s board has approved the appointment of Deepak Reddy as Chief Executive Officer and Key Managerial Personnel of the company, effective August 1, 2025. Consequently, the current MD & CEO, Nandakumar VP, will be redesignated as “Managing Director” effective July 31, 2025. The new CEO will report to the Managing Director. The Board also approved an investment of Rs 500 crore in the equity shares of subsidiary Asirvad Micro Finance in single or multiple tranches. 

In March this year, private equity firm Bain Capital had announced that it entered into definitive agreements to acquire joint control in Manappuram Finance through its affiliates, BC Asia Investments XXV and BC Asia Investments XIV, in partnership with the existing promoters. As part of the agreement, Bain Capital will invest Rs 4,385 crore to acquire an 18% on a fully diluted basis via preferential allotment of equity and warrants.

Manappuram Finance shares closed flat at Rs 228.80 on NSE on Friday.