Muthoot Microfin Ltd
NSE:MUTHOOTMF
Muthoot Microfin Ltd
Muthoot Microfin Ltd is a IN-based company operating in industry. The company is headquartered in Ernakulam, Kerala and currently employs 5,583 full-time employees. The company went IPO on 2023-12-26. Muthoot Microfin Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The firm is primarily engaged in providing financial assistance through micro loans to women engaged in small income-generating activities. The operations of the Company are based on the Grameen model of lending. The company is designed to help entrepreneurship among women and inclusive growth. The Company’s loan products comprise group loans for livelihood solutions such as income-generating loans, Pragathi loans and individual loans; life betterment solutions including mobile phone loans, solar lighting product loans and household appliance product loans; health and hygiene loans such as sanitation improvement loans, and secured loans in the form of gold loans and its Muthoot Small & Growing Business (MSGB) loans. The firm is a part of the Muthoot Pappachan Group, a business conglomerate. Muthoot Pappachan Technologies Limited is a subsidiary of the Company.
Muthoot Microfin Ltd is a IN-based company operating in industry. The company is headquartered in Ernakulam, Kerala and currently employs 5,583 full-time employees. The company went IPO on 2023-12-26. Muthoot Microfin Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The firm is primarily engaged in providing financial assistance through micro loans to women engaged in small income-generating activities. The operations of the Company are based on the Grameen model of lending. The company is designed to help entrepreneurship among women and inclusive growth. The Company’s loan products comprise group loans for livelihood solutions such as income-generating loans, Pragathi loans and individual loans; life betterment solutions including mobile phone loans, solar lighting product loans and household appliance product loans; health and hygiene loans such as sanitation improvement loans, and secured loans in the form of gold loans and its Muthoot Small & Growing Business (MSGB) loans. The firm is a part of the Muthoot Pappachan Group, a business conglomerate. Muthoot Pappachan Technologies Limited is a subsidiary of the Company.
Strong AUM Growth: Asset under management reached INR 13,078 crores, up 5.4% year-on-year and 4.1% quarter-on-quarter, with plans to close the year at INR 14,000 crores.
Profit Improvement: Reported Q3 PAT of INR 62 crores, with net interest margin at 12% and return on assets rising to 1.9%.
Operational Efficiency: Operating expenses decreased from 7% to 6.5%, and cost-to-income ratio improved to 54.8%.
Asset Quality Recovery: GNPA reduced by 137 bps YoY and 21 bps QoQ, now at 4.4%, with credit cost for the quarter down to 3.3%.
Healthy Collection Trends: Collection efficiency improved by 150 bps QoQ to 94.8%, with on-time collections at 99.8%.
Diversification Strategy: Non-JLG portfolio increased to 12% of AUM (from 2.7% in March), targeting 15% by year-end and 30% next year.
Guidance Upgraded: FY26 AUM growth now expected at 14% (vs earlier 5–10%), with 20% growth targeted for FY27 and improved profitability outlook.
