Muthoot Capital Services Limited has informed the Exchange about Transcript

Muthoot Capital Services held its Q4 FY '26 earnings call where CEO Mathews Markose and CFO Ramandeep Gill discussed results. The company achieved INR 3,441 crore AUM (including managed book), with the standalone MCSL portfolio growing 29% to INR 2,758 crore from INR 2,118 crore. GNPA was reported at 6.96% (6.41% principal-only), impacted by a one-time recognition of INR 15.51 crore Up Money corporate loan as NPA. Excluding this, retail GNPA would have been 5.64%. The company took write-offs on pre-COVID and ARC portfolios (around INR 12 crore) and 100% provisioned for fraud cases. Blended yield improved to 21.02% from ~18% at year-start. Cost of funds reduced by 60 basis points to 9.48% in Q4. Full-year impairment expense was INR 76 crore vs INR 18.5 crore prior year. Management is targeting INR 3,000 crore disbursements for FY '27 with a pretax ROA of 2–2.5%. The company aims for INR 10,000 crore AUM by FY '28–'29. Long-term shareholders expressed frustration over lack of dividends and capital appreciation.