Outcome of Board Meeting
MUTHOOTMF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Muthoot Microfin Ltd board meeting on May 6, 2026 approved the annual audited financial results for FY2026 and noted the resignation of Mr. Akshaya Prasad as Non-Executive Director. The company reported a net profit of Rs 1,702.67 million for FY2026, a significant turnaround from a net loss of Rs 73.29 million in FY2025. Total income remained flat at approximately Rs 23,695 million. EPS improved to Rs 10.16 per share from negative Rs 13.04 previously. Asset quality improved with gross NPAs declining to 4.21% from 4.84% in the prior year. Net worth increased to Rs 28,543.72 million from Rs 26,322.27 million. The NCD issuance limits proposal was deferred to the next board meeting. The statutory auditors issued an unmodified (clean) opinion on the financial results.
The company has successfully turned around from a loss-making position to profitability with improved asset quality, which is positive for shareholders. However, the resignation of a non-executive director and deferred NCD limits may require monitoring.