MUTHOOT CAP SERV LTD

Muthoot Capital Services Limited held its Q1 FY27 earnings conference call on July 17, 2026, where management highlighted key achievements, including a CRISIL rating upgrade to AA- stable, the crossing of INR100 crores in public deposits, and a reduction in gross non-performing assets (GNPA) to 3.94%. CEO Mathews Markose noted that the company focused on maintaining asset quality while pursuing growth, with a disciplined credit acceptance ratio of 35-40%. CFO Ramandeep Gill reported a significant increase in the retail portfolio to INR2,851 crores, while co-lending decreased to INR499 crores. The company emphasized its investment in technology, particularly AI, to enhance operations. Management set a goal of reaching an AUM of INR4,000-4,200 crores for FY27 and a pretax return on assets (ROA) of around 2.5%. The call concluded with a Q&A session addressing various operational and financial queries.

Management emphasized significant achievements and a strong focus on growth and asset quality.