ALFA Finder
The call ran from 12:29 PM to 1:18 PM IST (49 min).
Key takeaways
Q2 FY27 AUM rose 25% YoY to ₹3,500 Cr, and NII jumped on a one-time DA upfront fee. Forward flow fell to 0.50% and GNPA is 4.61%. Net profit was not stated.
| Revenue growth | AUM +25% YoY to ₹3,500 Cr; no revenue figure stated. |
|---|---|
| Margins | NII ₹94.46 Cr incl. ~₹14 Cr DA upfront; blended yield up 2pp. |
| Demand visibility | Industry 2W/CV growth strong; Oct retail down 32% YoY. |
| Management confidence | Balanced-to-optimistic; cautious on NII lag and cost of funds. |
Growth
AUM +25% YoY. NII ₹94.46 Cr includes ~₹14 Cr one-time DA upfront fee, so underlying is ~₹80 Cr.
Outlook
AUM targeted ~₹4,200 Cr by FY27 end. Bank cost of funds expected to fall a further 25-30bp.
Risks
NII lags AUM growth; Oct industry retail down 32% YoY; CV and used-car still cash-burning; GNPA 4.61%.
Last quarter's promises, checked
Partly delivered
- AUM ₹4,000–4,200 Cr by FY27 end → ₹3,500 Cr at Q2, target still open (= PARTIAL)
- Further 40–50bp cost-of-funds cut on upcoming deals → now guided 25–30bp further, not yet realised (= PARTIAL)
Missed
- Retail GNPA sub-4% through FY27 → overall GNPA 4.61% (up from 3.94%; retail split not disclosed) (= MISS)
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Muthoot Capital Services Q2 FY27 Results: Net Profit ₹4.4 Cr, Up 57.1% YoY
Muthoot Capital Services Ltd reported revenue from operations of ₹175.4 Cr (+14.3% YoY) and net profit of ₹4.4 Cr (+57.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹4.4 Cr · +57.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
AUM crossed ₹3,000 Cr in 2025; public deposit portfolio surpassed ₹100 Cr milestone in July 2026.
Growth they described
Retail portfolio grew 23% YoY to ₹2,851 Cr. Overall GNPA improved significantly, dropping 182 bps YoY to 3.94%.
Call details
| Company | Muthoot Capital Services Ltd |
|---|---|
| NSE symbol | MUTHOOTCAP |
| ISIN | INE296G01013 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 12:30 PM IST |
| Length | 49 min |
Muthoot Capital Services Ltd: key numbers
- Share price
- ₹195.03
- Market cap
- ₹326.0 Cr
- Revenue (annual)
- ₹620.5 Cr
- Net profit (annual)
- ₹11.17 Cr
- P/E (TTM)
- 12.8×Sector 20.6×
- Promoter holding
- 63.33%+0.00% QoQ
- FII holding
- 1.24%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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