Muthoot Microfin Q2 FY26 results (Jul–Sep 2025) and concall

Financial Services · Concall AI · Call held 6 Nov 2025

Company page: Muthoot Microfin share price, financials & guidance record

Muthoot Microfin delivered a strong Q2 FY26, demonstrating significant improvements in asset quality with GNPA reducing to 4.61% and Net NPA to 1.41%. The company achieved robust disbursement growth of 28.1% QoQ, leading to a 10% QoQ AUM growth to INR12,558 crores. Profitability was restored, driven by a declining credit cost of 3.6% and a 7.6% QoQ increase in PPOP, supported by a favorable credit rating upgrade and strategic portfolio diversification.

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What they filed

Q2 FY26: revenue down 13.0%, net profit down 50.0% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	662	681	555	559	576 −13%
Expenses	334	428	845	333	318
EBITDA	329	253	-290	226	258 −22%
Margin	50%	37%	-52%	40%	45%
Other income	1	1	1	0	1
Interest	237	237	222	210	211
Depreciation	11	11	11	11	11
Profit before tax	81	5	-522	6	37 −54%
Tax rate	24%	25%	-23%	-7%	18%
Net profit	62	4	-401	6	31 −50%
EPS	3.61	0.22	-23.53	0.36	1.79

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.

What they filed

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