Manappuram Finance Share Price: Q3 Mein Profit Gira, Gold Price Volatility Ne Kiya Attack!

BANKINGFINANCE

Overview

Arre yaar, Manappuram Finance ke investors ke liye thodi buri khabar hai. Company ne Q3 FY26 mein **14%** kam profit report kiya hai, aur share price bhi lagatar girawat dikha raha hai. Gold prices ka bhi pressure hai.

Q3 FY26 Results: Numbers Ne Thoda Disappoint Kiya

Manappuram Finance ne fiscal year 2026 ke teesre quarter mein ₹2.4 billion ka consolidated profit after tax (PAT) report kiya hai, jo pichhle saal ki tulna mein 14% kam hai. Unka net interest income (NII) bhi lagbhag 18% gir gaya aur ₹13 billion par aa gaya. Haalanki, pre-provision operating profit (PPoP) estimates se 5% zyada raha, lekin woh bhi 29% gir kar ₹6.6 billion ho gaya. Operating expenses 7% badh gaye the.

Gold Price Ki Maar Aur Badhti Competition

Is stock par pressure banane ka sabse bada reason gold prices mein aayi sharp volatility hai. Jab gold ka rate girta hai toh gold loan companies ke liye kaam thoda mushkil ho jata hai. NPA badhne ka risk rehta hai aur lenders ko same gold ke against kam loan dena padta hai. Iske alawa, banks bhi ab gold loan market mein apna share badha rahi hain, jisse NBFCs par competition ka pressure aur badh gaya hai.

Brokerage Kya Keh Raha Hai?

Is situation ko dekhte hue, Motilal Oswal ne Manappuram Finance par Neutral rating barkarar rakhi hai. Unka target price ₹330 hai. Brokerage ko company ke Asset Under Management (AUM) mein FY25 se FY28 tak lagbhag 40% ke CAGR se growth ki umeed hai, lekin current market conditions ko lekar woh thode cautious hain.

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