Manba Finance Limited · NSE:MANBA
Manba Finance — Q2 FY26 Earnings Presentation
22 slides from Manba Finance's earnings presentation, 2025
Slide 1: Earnings Presentation Q2/H1-FY26
EARNINGS PRESENTATION Q2/H1-FY26
Slide 2: Manba Finance at a glance
Manba Finance is a NBFC providing tailored AUM INR 15,008 Mn financial solutions for two wheelers, three wheelers, used Cars, small business loans and personal Loans Present across 103 Present in 6 States & 28+ locations with a spread across 103 Years of Experience network of 1,250+ locations dealer
Slide 3: Key performance metrics
Disbursement Per Disbursement Per Disbursements AUM Per Employee Employee Location Per Month INR 3,983 Mn^ INR 8.70 Mn^ INR 2.31 Mn^ INR 3.25 Mn^ Average Yield on Net Interest Income Net Interest Margin Cost of Borrowings Average AUM INR 682 Mn^ 12.56% ^ 10.67%^ 23.34%^ Return on Asset (%) Gross NPA
Slide 4: H1-FY26 growth highlights
Total AUM Disbursement Net Interest Income Dealer Growth ( 36 % Growth) ( 16 % Growth) ( 23% Growth) ( 24 % Growth) INR 15,008 Mn (H1-FY26) INR 3,983 Mn (H1-FY26) INR 682 Mn (H1-FY26) 1,393 (H1-FY26) INR 11,069 Mn (H1-FY25) INR 3,448 Mn (H1-FY25) INR 555 Mn (H1-FY25) 1,125 (H1-FY25) PAT Locations GN
Slide 5: Company Overview
Company Overview 5
Slide 6: Company overview, Total Revenue and AUM
• Established in the year 1996, Manba Finance Limited (Manba) was founded by Mr. Manish Shah, a first-generation entrepreneur. Total Revenue (INR Mn) & AUM (INR Mn) • Manba is a Non-Banking Finance Company offering financial solutions for new 2 15,008 Wheelers, 3 Wheelers, Electric 2 Wheelers, Elect
Slide 7: Loan products
NEW VEHICLE USED CAR LOANS SMALL BUSINESS PERSONAL LOANS LOANS LOANS 7
Slide 8: Geographic presence by state
Uttar Pradesh • Ayodhya • Barabanki • Bareilly • Pratapgarh • Etawah • Prayagraj • Fatehpur • Raebareli • Gonda • Sultanpur • Hamirpur • Sitapur Uttar Pradesh • Hardoi • Lakhimpur • Lucknow Rajasthan RAJASTHAN • Ajmer • Alwar Madhya Pradesh • Bhilwara • Betul • Bikaner • Dhar • Chittorgarh Madhya Pr
Slide 9: Dealer network
• Ensuring swift KYC handling and showcasing FY 23 FY 24 FY25 H1-FY26 Name of State the company's tech-driven customer focus Gujarat 169 228 294 303 • Dealers typically serve a the primary source for understanding customers' funding needs and they also guide customers on available Maharashtra 432 47
Slide 10: Borrowings Distribution
Bank SFB Borrowings Distribution (INR Mn) 7,470 6,468 4,845 3,952 4,167 2,388 1,626 2,366 1,756 1,748 1,894 NBFC 267 FY23 FY24 FY25 H1-FY26 Secured Term Loans NCD Others • Borrowed from 3 public sector banks, 10 private sector banks and 25 NBFCs • Raised INR 170 crores through NCDs in H1-FY26 with a
Slide 11: Asset quality: stage-wise assets and provisions
Sep-25 Jun-25 Sep-24 Sep-25 Jun-25 Sep-24 Particulars (INR Mn) (INR Mn) (INR Mn) (INR Mn) % to GA % to GA % to GA Gross Assets 15,008 14,154 11,069 100% 100% 100% Stage 1 13,927 13,124 10,253 92.80% 92.72% 92.63% Stage 2 552 538 479 3.68% 3.80% 4.33% Stage 3 529 492 336 3.52% 3.48% 3.03% Provisions
Slide 12: Growth strategy
Increasing Penetration In Investing in Technology Growing 2WS/ 3WS/ EV2WS/ Enhancing Brand Recall To Existing Markets & Diversifying and Digitization EV3WS Market Attract New Customers Into New Markets • Launch of a web-based app for • Initiatives to increase the business correspondents strength and
Slide 13: Q2/H1-FY26 Financial Overview
Q2/H1-FY26 Financial Overview
Slide 14: Q2-FY26 and H1-FY26 Financial Performance
Q2-FY26 Financial Performance Operational Highlights • Continued strong growth in AUM and disbursements, driven by encouraging demand in 2-Wheeler segment, expansion in the TOTAL REVENUE NII dealer network and addition of new locations. INR 776 Mn INR 375 Mn • Healthy increase in NII driven by reduc
Slide 15: Q2-FY26 Income Statement
Particulars (INR Mn) Q2-FY26 Q2-FY25 YOY Q1-FY26 QOQ Interest Income 723 614 17.8% 630 14.8% Less: Finance Cost 348 271 28.4% 324 7.4% Net Interest Income 375 343 9.3% 306 22.5% Fee & Other Income 52 32 62.5% 60 (13.3)% Total Income 427 375 13.9% 366 16.7% Operating Expenses 275 216 27.3% 244 12.7%
Slide 16: H1-FY26 Income Statement
Particulars (INR Mn) H1-FY26 H1-FY25 YOY Interest Income 1,354 1,070 26.5% Less: Finance Cost 672 505 33.1% Net Interest Income 682 565 20.7% Fee & Other Income 112 66 69.7% Total Income 794 631 25.8% Operating Expenses 520 406 28.1% Profit Before Tax 274 225 21.8% Less: Tax 63 57 10.5% Profit for t
Slide 17: Revenue, NII, PAT, AUM, Disbursements, ROE and ROA
Total Revenue (INR Mn) Net Interest Income (INR Mn) PAT (INR Mn) 1,291 378 2,504 312 1,916 865 684 682 211 1,338 1,466 166 FY 23 FY 24 FY25 H1-FY26 FY 23 FY 24 FY25 H1-FY26 FY 23 FY 24 FY25 H1-FY26 AUM (INR Mn) Disbursements (INR Mn) ROE (%) & ROA (%) 15.6% 8,424 15,008 13,314 6,327 10.4% 10.2% 9,36
Slide 18: Capital Adequacy, Cost of Borrowings, NPA ratios
Capital Adequacy Ratio (%) Provision Coverage Ratio (%) Cost of Borrowings (%) 29.81% 27.00% 24.00% 24.00% 11.33% 26.54% 11.19% 24.56% 20.00% 10.80% 10.67% 16.00% FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 Gross NPA (%) Net NPA (%) 3.74% 3.14% 3.37% 3.52% 3.23% 2.70% 2.68%
Slide 19: Annual Income Statement
Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Interest Income 1,250 1,684 2,369 1,354 Less: Finance Cost 566 819 1,078 672 Net Interest Income 684 865 1,291 682 Fee & Other Income 84 233 135 112 Total Income 768 1,098 1,426 794 Operating Expenses 540 711 925 520 Profit Before Tax 228 387 501 274 Less:
Slide 20: Balance Sheet
Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Financial Assets Cash and Cash Equivalents 624 373 1,285 2,861 Bank Balance other than cash and cash equivalents 462 876 1,114 1,127 Loans 6,233 7,831 11,461 13,719 Investments 184 267 379 755 Other Financial Assets 93 122 157 159 Total Financial Assets 7,
Slide 21: Disclaimer
Manba Finance Ltd No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current afte
Slide 22: Thank You
Thank You Manba Finance Ltd