Muthoot Capital Services Limited has informed the Exchange regarding the Outcome of Board meeting held on August 05, 2025.
MUTHOOTCAP · price
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Awaiting price reaction for this filing.
Muthoot Capital Services reported a net loss of ₹466.99 lakhs in Q1 FY26 (quarter ended June 30, 2025), compared to a profit of ₹1,080.01 lakhs in Q1 FY25, with EPS turning negative at ₹(2.84) vs ₹6.57. Total income grew ~47% YoY to ₹14,749.72 lakhs, but expenses surged to ₹15,366.43 lakhs, driven by a sharp rise in finance costs (₹7,509 lakhs vs ₹4,370 lakhs) and impairment provisions on financial instruments (₹2,668 lakhs vs ₹486 lakhs). Loan book expanded to ₹3,23,874 lakhs from ₹2,17,885 lakhs YoY. Asset quality improved with GNPA ratio at 5.76% (vs 9.84%) and Net NPA at 2.70% (vs 3.41%). The Board also appointed K. Venkatachalam Aiyer & Co as Tax Auditor for FY25-26, recommended a new Secretarial Auditor, continuation of an Independent Director beyond age 75, and a revision in remuneration of the Whole-Time Director, all subject to shareholder approval at the AGM on September 19, 2025.
The swing to a quarterly loss, driven by rising borrowing costs and higher credit provisions, is likely to weigh negatively on the stock in the short term, even though the loan book growth and improved NPA ratios suggest underlying business expansion. Investors should watch for further commentary on asset quality trends and margin recovery.