Q2 FY26 earnings call: back to profit, targets 4% ROA and INR10,000 crores AUM by 2028

Management guided margin improvementCFO laid out a debt-reduction roadmapMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

MUTHOOTCAP · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹253.95

prior close

₹255.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.7% vs market

Non Banking Financial Company (NBFC) peers, median of 198sector-0.1%+0.4% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.4 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+0.3-0.5+0.7-0.1+0.4

Next day

+0.8-0.8+1.6-0.2+1.0

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+14.2-0.2+14.4-0.5+14.7

+14.1+0.3+13.8-1.0+15.1

+12.9+0.1+12.9-1.0+13.9

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15d

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+10.5-5.0+15.5-5.7+16.1

-11.7-13.9+2.2-12.5+0.8

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 198Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Muthoot Capital Services posted Q2 FY26 PAT of INR3.31 crores, reversing a Q1 loss. Disbursements fell 16% to INR521 crores on weak 2-wheeler demand, but AUM grew 40% YoY to INR3,284 crores. Credit cost improved to 2.05% from 3.43%, yields rose to 20.32%, and eNACH hit 92%. CRISIL upgraded outlook to positive. Management guided 100 bps yield rise in Q3 and targets 4% ROA on INR10,000 crores AUM by 2028.

Likely market impact

Positive: profit return, lower credit cost, rating outlook upgrade, and clear ROA roadmap support confidence, though GNPA at 5.94% stays elevated.