Manba Finance Limited · NSE:MANBA
Manba Finance — Q3 FY26 Earnings Presentation
31 slides from Manba Finance's earnings presentation, Jan 30, 2026
Slide 1: Regulation 30 cover letter to stock exchanges
January 30, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort Bandra (East), Mumbai - 400 051 Mumbai- 400 001 Scrip Symbol: MANBA Scrip Code: 544262 Sub: Investor Presentation under Regul
Slide 2: Investor Presentation January 2026
INVESTOR PRESENTATION January 2026
Slide 3: Manba Finance at a glance
Manba Finance is a NBFC providing tailored AUM financial solutions for two wheelers, three wheelers, used Cars, small business loans and personal Loans INR 16,308 Mn Present across Present in 6 States & 29+ network of 1,400+ dealers spread across 113 Years of Experience locations CARE rating of 1,69
Slide 4: Key operating and financial metrics
Disbursement Per Disbursement Per Disbursements AUM Per Employee Employee Location Per Month INR 7,461 Mn^ INR 9.66 Mn^ INR 4.42 Mn^ INR 5.50 Mn^ Average Yield on Net Interest Income Net Interest Margin Cost of Borrowings Average AUM INR 1,104 Mn^ 12.65% ^ 10.12%^ 22.80%^ Return on Asset (%) Gross N
Slide 5: 9M-FY26 performance highlights
Total AUM Disbursement Net Interest Income Dealer Growth (25.08 % Growth) (11.12% Growth) (19.20% Growth) (29.87% Growth) INR 16,308 Mn (9M-FY26) INR 7,461 Mn (9M-FY26) INR 1,104 Mn (9M-FY26) 1,452 (9M-FY26) INR 13,038 Mn (9M-FY25) INR 6,715 Mn (9M-FY25) INR 926 Mn (9M-FY25) 1,118 (9M-FY25) PAT GNPA
Slide 6: Company Overview
Company Overview 5
Slide 7: Company overview: 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 16,308 Wheelers, 3 Wheelers, Electric 2 Wheelers, Elect
Slide 8: Journey and milestones
AUM of our Company crossed 80,000 Employee lakhs as on strength of December 31, our Company 2023. crossed Expanded 1,000 Expanded the operations to employees. network to the state of Scaled up AUM of our AUM of our Opened more than 850 Madhya Company our Company Company AUM of our branch in Launched
Slide 9: Board of directors and management
Manish Kirit Nikita Manish Shah Monil Manish Shah Jay Khushal Mota Abhinav Sharma Neelam Tater Nallepilly Ramaswami Sujay Jagani Kumar Shah Whole Time Whole Time Director Whole Time Director Independent director Independent director Parameswaran Independent Director Managing Director Director and an
Slide 10: Geographic presence by state
Uttar Pradesh • Ayodhya • Lakhimpur • Barabanki • Lucknow • Bareilly • Mathura* • Budaun* • Pratapgarh • Etawah • Prayagraj • Fatehpur • Raebareli • Gonda • Shahjahanpur* • Gorakhpur* • Sitapur Uttar Pradesh • Hamirpur • Sultanpur • Hardoi • Unnao* • Kanpur* Rajasthan RAJASTHAN • Ajmer • Alwar Madhy
Slide 11: Business Overview
Business Overview
Slide 12: Loan products
TWO-WHEELER LOANS THREE-WHEELER LOANS USED CAR LOANS SMALL BUSINESS LOANS PERSONAL LOANS (MANBA VYAPAAR LOANS) (TOPUP LOANS) • TARGET CUSTOMERS • TARGET CUSTOMERS • TARGET CUSTOMERS • TARGET CUSTOMERS • TARGET CUSTOMERS Focus on customers purchasing Focus on customers purchasing Aspiring to own a fo
Slide 13: Dealer network and engagement
• Ensuring swift KYC handling and showcasing FY 23 FY 24 FY25 9M-FY26 Name of State the company's tech-driven customer focus Gujarat 169 228 294 311 • Dealers typically serve a the primary source for understanding customers' funding needs and they also guide customers on available Maharashtra 432 47
Slide 14: Borrowings distribution
Bank SFB Borrowings Distribution (INR Mn) 6,984 6,468 4,563 3,952 4,167 2,388 1,626 1,756 1,748 1,894 1,971 NBFC 267 FY23 FY24 FY25 9M-FY26 Secured Term Loans NCD Others • Borrowed from 3 public sector banks, 10 private sector banks and 23 NBFCs 13
Slide 15: Asset quality: stage-wise assets and provisions
Dec-25 Sep-25 Dec-24 Dec-25 Sep-25 Dec-24 Particulars (INR Mn) (INR Mn) (INR Mn) (INR Mn) % to GA % to GA % to GA Gross Assets 16,308 15,008 13,038 100.00% 100.00% 100.00% Stage 1 15,215 13,927 12,243 93.30% 92.80% 93.90% Stage 2 542 552 426 3.32% 3.68% 3.27% Stage 3 551 529 369 3.38% 3.52% 2.83% Pr
Slide 16: Borrowings, asset quality and operating model
DIVERSIFIED AND COST EFFECTIVE MAINTENANCE OF TECHNOLOGY DRIVEN & SCALABLE LONG TERM BORROWINGS COMPANY’S ASSET QUALITY OPERATING MODEL • Diversified sources such as • 400+ personnel for • RM platform for business term loans & cash credit collection operations with all functions on facilities the cl
Slide 17: End-to-end in-house loan software
End-to-end solution In-house software Includes various Integrated with Collection process covering customer suite of products modules like lead payment is managed on a onboarding through catering to Loan monitoring, straight gateways like maker and checker to loan maturity, Origination System throug
Slide 18: Collection and monitoring process
Continuous monitoring where customers are reminded of their payment schedules through text messages and to maintain adequate balance on the due date In-house legal department to initiate legal proceedings, for the purposes of recovering the amounts due from defaulting customers Recovery action immed
Slide 19: Sales and marketing approach
Sell and market Vehicle loan products through communication channels like digital marketing, mass media like radio, in-store branding, hoardings, organizing and sponsoring celebrity events and religious festivals Organizing dealer conferences and get together events to support marketing efforts & to
Slide 20: 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 21: Q3/9M-FY26 Financial Overview
Q3/9M-FY26 Financial Overview
Slide 22: Q3-FY26 and 9M-FY26 financial performance
Q3-FY26 Financial Performance Operational Highlights • Achieved the season’s highest-ever disbursement, reaching INR 7,461 Mn in 9M-FY26, with Q3-FY26 disbursement of INR 3,478 Mn, TOTAL REVENUE NII supported by continued expansion across Uttar Pradesh and INR 422 Mn Madhya Pradesh. INR 898 Mn • Ach
Slide 23: Q3-FY26 income statement
Particulars (INR Mn) Q3-FY26 Q3-FY25 YOY Q2-FY26 QOQ Interest Income 843 644 30.9% 723 16.6% Less: Finance Cost 421 283 48.8% 348 21.0% Net Interest Income 422 361 16.9% 375 12.5% Fee & Other Income 55 45 22.2% 52 5.8% Total Income 477 406 17.5% 427 11.7% Operating Expenses 306 241 27.0% 275 11.3% P
Slide 24: 9M-FY26 income statement
Particulars (INR Mn) 9M-FY26 9M-FY25 YOY Interest Income 2,197 1,714 28.2% Less: Finance Cost 1,093 788 38.7% Net Interest Income 1,104 926 19.2% Fee & Other Income 167 111 50.5% Total Income 1,271 1,037 22..6% Operating Expenses 825 648 27.3% Profit Before Tax 446 389 14.7% Less: Tax 104 91 14.3% P
Slide 25: 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 1,104 342 2,364 312 1,916 865 684 1,338 166 FY 23 FY 24 FY25 9M-FY26 FY 23 FY 24 FY25 9M-FY26 FY 23 FY 24 FY25 9M-FY26 AUM (INR Mn) Disbursements (INR Mn) ROE (%) & ROA (%) 15.6% 16,308 8,424 7,461 13,314 6,327 10.4% 10
Slide 26: Capital adequacy, cost of borrowings, NPA and provision coverage
Capital Adequacy Ratio (%) Provision Coverage Ratio (%) Cost of Borrowings (%) 29.81% 27.00% 24.00% 24.00% 11.33% 11.19% 24.56% 25.06% 10.80% 20.00% 16.00% 10.12% FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 Gross NPA (%) Net NPA (%) 3.74% 3.14% 3.37% 3.23% 3.38% 2.70% 2.45%
Slide 27: Financial Overview
Financial Overview
Slide 28: Historical income statement
Particulars (INR Mn) FY23 FY24 FY25 9M-FY26 Interest Income 1,250 1,684 2,369 2,197 Less: Finance Cost 566 819 1,078 1,093 Net Interest Income 684 865 1,291 1,104 Fee & Other Income 84 233 135 167 Total Income 768 1,098 1,426 1,271 Operating Expenses 540 711 925 825 Profit Before Tax 228 387 501 446
Slide 29: Historical 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 30: Disclaimer and investor relations contact
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 31: Thank You
Thank You Manba Finance Ltd