MUTHOOTCAP Muthoot Capital Services Q3 FY26 results (Oct–Dec 2025) and concall
Muthoot Capital Services reported a strong Q3 FY26, driven by a strategic shift towards self-sourced business and product diversification, leading to a 19.9% YoY AUM growth to INR3,399 crores. The company significantly improved its asset quality with slippages reducing to 0.65% and lowered its cost of funds to 8.82%. However, overall disbursements were impacted by a conscious reduction in co-lending, and increased impairment expenses affected profitability, drawing analyst scrutiny regarding past guidance and underwriting quality.
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What they filed
Q3 FY26: revenue up 23.4%, net profit down 39.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 109 | 126 | 137 | 145 | 154 +41% | 155 +23% |
| Net profit | 16 | 13 | 6 | -5 | 3 −82% | 8 −39% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
