Muthoot Capital Services Limited has informed the Exchange about Copy of Newspaper Publication for Notice on acceptance / renewal of fixed deposit
MUTHOOTCAP · price
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Awaiting price reaction for this filing.
Muthoot Capital Services Limited has submitted copies of newspaper advertisements published in The Hindu Business Line (English) and Mangalam (Malayalam) regarding the acceptance and renewal of fixed deposits, as required under SEBI LODR Regulations. The advertisements detail interest rates effective April 1, 2025, ranging from 7.65% to 8.75% per annum, with cumulative deposit annualized yields up to 10.08% for 60-month tenure. Senior citizens get an additional 0.25% interest. Minimum deposit is Rs 1,000, and tenure ranges from 12 to 60 months. The company's total public deposits stood at Rs 43.19 crore as of March 31, 2025, and it holds a CRISIL A+/Stable rating (reaffirmed). Profit after tax dropped sharply from Rs 12,249 lakhs in FY24 to Rs 4,631 lakhs in FY25, a decline of about 62%.
This is a routine regulatory disclosure announcing the company's fixed deposit scheme terms and does not change the investment outlook on its own. However, the significant drop in FY25 profits (PAT down ~62% YoY) and the relatively high secured loans of Rs 2,589 crore against reserves of Rs 642 crore are points worth monitoring by shareholders. For FD investors, the rates offered are competitive, though deposits are unsecured and not insured.