Audited Financial Results for the quarter and Financial Year ended March 31, 2026
MUTHOOTCAP · price
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Muthoot Capital Services reported Total Revenue from Operations of ₹62,055 lakhs for FY26, up 31.6% from ₹47,165 lakhs in FY25, driven by higher interest income and fees. However, Profit After Tax dropped 75.6% to ₹1,117 lakhs from ₹4,575 lakhs due to significantly higher finance costs (₹31,521 vs ₹22,356 lakhs) and a 290% surge in impairment on financial instruments to ₹7,557 lakhs. The company reported Gross NPA of 6.96% (vs 4.88% YoY) and Net NPA of 4.12% (vs 2.31% YoY). An exceptional charge of ₹168 lakhs was recorded due to new wage code implementation. The auditors issued an unmodified opinion confirming clean books.
Despite strong revenue growth, the sharp decline in profitability and rising NPAs signal deteriorating asset quality and margin pressure. The elevated impairment provisions and higher debt levels may concern debenture holders and shareholders despite adequate security cover.