Muthoot Microfin Limited has informed the Exchange about Transcript
MUTHOOTMF · price
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Muthoot Microfin shared its Q3 FY26 earnings call transcript. AUM grew to INR 13,078 crores (+5.4% YoY), with disbursements rebounding to INR 850 crores/month and set to hit INR 1,000 crores/month in Q4. The company posted a quarterly PAT of INR 62 crores and ROA of 1.9%, with collection efficiency improving to 94.8% and on-time collections at 99.8%. Credit cost came in at 3.3% for the quarter, well below the guided 4–6% range, and GNPA fell 21 bps QoQ to 4.4%. Management raised FY26 AUM guidance to ~INR 14,000 crores (~14% growth, outperforming earlier 5–10% guidance) and guided for 20% AUM growth in FY27 to reach INR 17,000 crores, with a long-term ROA target of 3–3.5% and ROE of 14–18%. Cost-to-income improved to 54.8% (from guided 55%), with a path to 43%, while cost of funds dropped to 10.43% with incremental cost at 9.8%.
This is a constructive update for shareholders — turnaround from the Karnataka crisis is confirmed, asset quality is improving, and management is comfortably outperforming prior guidance on growth, margins, and credit cost. The raised FY26 and FY27 targets should be supportive of the stock, though a potential capital raise in the next financial year could dilute equity holders.