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Manappuram Finance Q2 Review: Dolat Capital Maintains 'Reduce' But Hikes Target Price — Here's Why
Bain Capital’s strategic investment is expected to bring operational excellence, governance strength, and deeper capital access across NBFC verticals.
31 Oct 2025, 01:22 PM IST 
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Sequential NPA deterioration continued across secured non-gold portfolios including home loan, vehicle, MSME and remains an area of concern for Manappuram.
(Photo: NDTV Profit)
While higher growth, improving cost of fund, and operating leverage will compensate for some loss in yields, the brokerage sees overall profitability settling below historical levels. Moreover, while reduced pricing may aid interim growth, its sustainability remains uncertain.
