Muthoot Capital Services Limited — Investor Meet, 19-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Muthoot Capital Services delivered strong FY25 results with disbursements up 84% YoY to ₹2,642 Cr and AUM crossing ₹3,000 Cr, growing 52%. Profit before tax stood at ₹60.4 Cr, PAT at ₹46.3 Cr, with GNPA improving to 4.88% and PCR at 60%. Management plans to diversify beyond 2-wheelers (currently 60% of AUM) targeting ₹10,000 Cr AUM by 2028 and ROA above 4%, driven by tech-led underwriting, multi-product expansion, and stable asset quality. Cost pressures from prior investments are expected to ease, supporting margin improvement to over 3% ROA long term.