During Tuesday’s trading session, the shares of a Non-Banking Finance Company (NBFC) offering financial solutions surged nearly 4.5 percent Rs. 156 on BSE, after reporting Q3 FY25 financial results with a rise in n profit of around 12 percent QoQ and 168.3 percent Yo
With a market cap of Rs. 764 crores, at 02:02 p.m., the shares of Manba Finance Limited were trading in the green at Rs. 152.75, up by around 2.3 percent, as compared to its previous closing price of Rs. 149.3.
What’s the news
The fluctuations in the share prices were observed after Manba Finan Limited (MFL) announced the financial results for Q3 FY25, through t recent filings with the stock exchange
For Q3 FY25, Manba Finance reported total revenue from operations of Rs. 68.8 crores, registering an increase of around 6.5 percent QoQ from Rs. 64.6 crores in Q2 FY25, as well as a rise of about 43.3 percent YoY from Rs. 48 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 13 crores, representing significant rise of around 12 percent QoQ from Rs. 11.6 crores in Q2 FY2 and a year-on-year increase of nearly 168.3 percent from Rs. 4.8 crores in Q3 FY24.
EBITDA stood at Rs. 43.58 crores in Q3 FY25, as against Rs. 27.53 crores in Q3 FY24 registering a growth of nearly 58.3 percent YoY.
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Business Highlights for Q3 FY25
Strategic Partnership: MFL signed an MoU with Piaggio Vehicles Pvt Ltd to provide tailored financing solutions for 3-wheelers, supporting India EV transition and entrepreneurship.
The collaboration offers low down payment options, competitive interest rates, and a streamlined digital onboarding process. Special financi provisions have been made to support women entrepreneurs.
IPO and Listing: Completion of the company’s IPO and equity share listing on BSE and NSE on 30th September 2024.
Record Disbursement: Achieved the highest-ever disbursement of Rs. 326.72 crores, a significant increase from Rs. 253.1 crores in the previo quarter of FY24.
Strong Net Interest Income (NII): Reported a net interest income of Rs. 36.09 crores, marking robust growth compared to Rs. 22 crores in the previous quarter of FY24.
About the Company
Established in 1996, Manba Finance Limited, an RBI-registered NBFC, specialises in two-wheeler financing along with offering three-wheel loans, small business loans, and personal loans, and is expanding into electric vehicle (EV) financin
Manba Finance was listed on the NSE and BSE on 30th September 2024, and primarily operates in Mumbai and surrounding areas, partnering with over 1,118 dealers, including more than 150 EV dealers.
Written by Shivani Singh
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