Muthoot Capital Services Limited — Investor Meet, 08-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Muthoot Capital's Q1 FY26 AUM surged nearly 50% YoY to ₹3,239 Cr. Despite this growth, the company reported a ₹4.41 Cr loss, primarily due to higher impairment costs of ₹26.68 Cr. GNPA stood at 5.76% and NNPA at 2.70%. Management acknowledged a collection lag, especially in North India, stemming from operational issues and team attrition, clarifying that slippage percentages haven't increased. New segments like used CV and used car loans (now over ₹100 Cr AUM each) are performing well with low NPAs and are key growth drivers. Management is confident about improved Q2 performance and aims for 4.5-5% GNPA by year-end.