Q3 2025 Muthoot Capital Services Ltd Earnings Call Transcript
Key Points
- Muthoot Capital Services Ltd (BOM:511766) achieved its highest-ever quarterly sales, with a 46% year-on-year increase in AUM.
- The company expanded its customer base significantly, acquiring over one lakh new customers in one quarter.
- The GNPA percentage decreased from 10.69% in the previous year to 4.73%, indicating improved asset quality.
- The company successfully reduced its security receipt balance significantly through cash recovery, showcasing effective asset management.
- Muthoot Capital Services Ltd (BOM:511766) has made significant technological investments, including a new CRM and risk-based pricing, to enhance operational efficiency.
- The company's borrowing costs remain high, hovering between 9.90% to 9.95%, which could impact profitability.
- There was a notable increase in other expenses, rising from 16 Crores to 20 Crores, attributed to software investments and branch expansions.
- The gross NPA increased from 100 Crores to 120 Crores, indicating some stress in asset quality.
- The company's PCR coverage reduced to 60%, which may raise concerns about future asset quality.
- The co-lending business saw a decline, with an 8% drop, indicating potential challenges in this segment.
By Elara Securities, India Private Limited.
(Operator Instructions).
I now hand the conference over to MS Shweta Daptardar from Elara Securities. Thank you and over to you, ma'am.
Thank you, Valerie. Good morning, everyone on behalf of Elara Security. We welcome you all to Q3 FY '25 earnings conference call of Muthoot Capital Services from the esteemed management we have with us today, Mr Mathews Markose; CEO, Mr. Ramandeep Gill; CFO.
We express our gratitude towards the management of Muthoot capital to provide us the opportunity to host this conference call. Without further ado I now hand over the call to Mr Ramandeep Gill; CFO, for his opening remarks post which we can open the floor for Q&A. Thank you and over to you, sir.
Thank you, Shweta. Just confirm whether am I audible.
Yes, sir. Please go ahead.
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