Muthoot Microfin Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
MUTHOOTMF · price
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On the reaction day the stock moved 11.1 pts less than Nifty Microcap 250 and 10.7 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Muthoot Microfin's board approved its FY25 audited results, reporting a sharp swing to a net loss of Rs. 222.5 crore versus a profit of Rs. 449.6 crore in FY24, driven by a massive jump in impairment provisions to Rs. 1,042 crore (from Rs. 173 crore) as the microfinance sector faced stress. Total revenue grew modestly to Rs. 2,561 crore from Rs. 2,249 crore (~14% growth), but Q4 alone saw a loss of Rs. 401 crore with EPS turning negative at Rs. (13.29) for the year. Asset quality deteriorated sharply with Gross NPAs rising to 4.84% (from 1.34%) and Net NPAs to 2.29%, including a Rs. 133 crore management overlay for Karnataka microloan ordinance impact. The board also approved raising up to Rs. 1,500 crore via NCDs (Rs. 1,000 cr private placement + Rs. 500 cr public issue) in FY26 and appointed SEP & Associates as Secretarial Auditor for five years.
This is a significantly negative result for shareholders — the company moved from profit to a sizeable loss, EPS turned deeply negative, and asset quality worsened materially, though auditors gave an unmodified opinion. The NCD borrowing plan of Rs. 1,500 crore signals continued funding needs, and the stock is likely to face downward pressure given the weak earnings print.