Outcome of the Meeting of the Board of Directors of the Company held for consideration and approval of Audited Financial results for the Quarter and Financial Year ended March 31, 2026
MUTHOOTCAP · price
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Muthoot Capital Services reported FY26 results showing strong revenue growth of 31.5% (from ₹471.65 crore to ₹620.55 crore), but profits declined sharply by 75.6% (PAT fell from ₹45.75 crore to ₹11.17 crore). The sharp profit decline was driven by a nearly 4x increase in impairment provisions on financial instruments (from ₹19.38 crore to ₹75.57 crore). Asset quality deteriorated significantly with Gross NPA rising from 4.88% to 6.96% and Net NPA from 2.31% to 4.12%. The company also reported 8 fraud incidents totaling ₹43.15 lakh (fully provided for) and incurred exceptional items of ₹1.68 crore due to revised wage structure. Debt-equity ratio increased from 4.34 to 4.94. Operating cash flow remained negative at ₹375.37 crore. Auditors issued an unmodified opinion.
Despite higher revenue, the steep decline in profitability and deteriorating asset quality raise concerns about the company's credit risk management. Rising NPAs and increased leverage could pressure stock performance in the near term. The clean audit provides some comfort on financial reporting integrity.