Q3 2026 Muthoot Microfin Ltd Earnings Call Transcript
Key Points
- Muthoot Microfin Ltd (NSE:MUTHOOTMF) was recognized as the Financial Inclusion Institute of the Year and won an award for responsible finance for sustainability.
- The company's asset under management grew by 5.4% year-on-year, reaching 13,078 crores.
- Disbursements have normalized, with a significant increase to 850 crores per month, expected to reach 1,000 crores per month in the next quarter.
- The individual loan portfolio, which is entirely digital, has shown zero delinquency and a low bounce rate of 9%.
- Operating expenses have decreased from 7% to 6.5%, aided by branch rationalization and digital collection methods.
- The company's unsecured portfolio remains high at 95%, which could pose risks in volatile markets.
- Despite improvements, the gross non-performing assets (GNPA) are still at 4.4%, which is relatively high.
- The cost of funds, although reduced, remains a concern at 10.4%, with incremental costs at 9.8%.
- The company had to take a significant provision in the last financial year due to legislative impacts in Karnataka.
- The yield on the portfolio is affected by the inclusion of non-performing assets, impacting overall profitability.
Ladies and gentlemen, Good day and welcome to Mutooth Microfin Limited Earnings conference call. Please stay connected. The call will begin shortly, ladies and gentlemen. You're connected to Mutooth Microfin Limited earnings conference call. Please stay connected. The call will begin shortly.
Ladies and gentlemen, good day and welcome to the Muttu Microfilm Limited Q3 FR 26 earnings conference call hosted by GM Financial Institutional Securities Limited. As a reminder, all participants line will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Pradeep Matkar from JM Financial Institution Securities Limited.
Thank you, and over to you, sir.
Thank you. Good morning, everyone, and welcome to the
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