Muthoot Microfin Limited has informed the Exchange regarding 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 reported a net loss of Rs 2,225 million for FY25, sharply reversing from a profit of Rs 4,496 million in FY24. The loss was driven by a massive spike in impairment on financial instruments to Rs 10,423 million (vs Rs 1,725 million last year), including a Rs 1,325 million management overlay for Karnataka microloan impact and Rs 971 million general overlay. Total revenue from operations grew ~14% to Rs 25,617 million, but expenses surged 70% to Rs 28,533 million. Gross NPAs jumped to 4.84% (vs 1.34%) and Net NPAs rose to 2.29% (vs 0.91%). The statutory auditor (Suresh Surana & Associates LLP) issued an unmodified opinion. The board also approved raising up to Rs 1,500 crore via Non-Convertible Debentures in FY26 (Rs 1,000 crore private placement + Rs 500 crore public issue) and appointed SEP & Associates as new secretarial auditor for 5 years.
The swing from profit to a sizeable net loss, combined with sharply rising NPAs and large management overlays, signals serious asset quality stress in the microfinance book — likely negative for the stock in the near term. However, the auditor's clean opinion, healthy 27.86% CRAR, and the Rs 1,500 crore NCD fundraising plan indicate the company is taking steps to shore up liquidity and growth capital.