Mumbai, India – January 28, 2025: Manba Finance Limited (NSE: MANBA, BSE: 544262) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company reported solid revenue growth and improved profitability, reinforcing its position as a leading non-banking financial company (NBFC) in India.
Key Financial Highlights (Standalone) – Q3 FY2024-25
- Revenue from Operations: ₹68.86 crore (YoY increase from ₹48.07 crore)
- Total Income: ₹68.86 crore
- Net Profit: ₹12.95 crore (YoY increase from ₹4.62 crore)
- Earnings Per Share (EPS):
- Basic EPS: ₹5.93 per share
- Diluted EPS: ₹5.93 per share
- Total Expenses: ₹32.41 crore
- Profit Before Tax (PBT): ₹16.45 crore.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹183.51 crore (YoY increase from ₹136.36 crore)
- Net Profit: ₹31.51 crore (YoY increase from ₹21.92 crore)
- Earnings Per Share (EPS): ₹13.51 per share
- Total Expenses: ₹143.60 crore
- Profit Before Tax (PBT): ₹42.45 crore.
Operational & Financial Strengths
- Strong Loan Growth: Manba Finance continues to expand its retail and vehicle financing portfolio, contributing to its higher revenue growth.
- Controlled Costs: Despite inflationary pressures, cost management and risk mitigation strategies have helped maintain profitability.
- Robust Asset Quality:
- Gross Stage 3 Assets: 3.28% (YoY improvement from 3.89%)
- Net Stage 3 Assets: 2.56% (YoY improvement from 3.15%).
Significant Developments & Strategic Moves
- IPO Utilization & Expansion:
- Raised ₹125.7 crore in its September 2024 IPO, fully allocated to augment capital base and support future growth.
- Regulatory Compliance & Asset Cover:
- Maintains 100% asset cover for secured Non-Convertible Debentures (NCDs) worth ₹167.18 crore as per SEBI guidelines.
- Dividend & Capital Allocation:
- Strong capital base with a Net Worth of ₹363.43 crore.
- Capital Adequacy Ratio (CRAR) improved to 31.37%, ensuring financial stability.
Management Commentary
"Our strong quarterly performance reflects the resilience of Manba Finance in the evolving NBFC sector. We remain focused on expanding our loan book, strengthening asset quality, and delivering consistent growth for our stakeholders," said Manba Finance's Managing Director.Market Outlook & Future Prospects
- Vehicle financing demand remains strong, boosting Manba's core lending business.
- Further capital infusion will drive growth in new lending segments.
- The steady decline in non-performing assets (NPAs) enhances investor confidence.