Muthoot Microfin shares in focus as Q1 PAT plummets over 94% YoY
shares are likely to be in focus on Tuesday, August 12, after the company posted a sharp 94.5% year-on-year (YoY) fall in its profit after tax (PAT) to Rs 6.2 crore in Q1FY26, compared to Rs 113.2 crore in the same quarter last year.
The company's
Net Interest Income
(NII) stood at Rs 342.3 crore in Q1FY26, down 16.8% YoY from Rs 411.5 crore in Q1FY25, with Net Interest Margins (NIMs) at 11.5%. Pre-Provision Operating Profit (PPOP) came in at Rs 138.5 crore, marking a 44.3% YoY decline from Rs 248.6 crore.
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Total income for the quarter was Rs 559.1 crore, while the cost of funds (CoF) fell to 10.79% from 11.02% in Q4FY25, aided by greater PTC utilisation and diversified funding sources. Provisioning cost stood at 4.3%, with the provision coverage ratio (Stage III) robust at 68.5%.
Gross NPA (GNPA) rose to 4.85% from 2.10% a year ago, while Net NPA (NNPA) increased to 1.58% from 0.71% in the same period last year.
The company maintained strong liquidity, with Rs 536.5 crore in cash and equivalents, along with DA/PTC sanctions of Rs 1,002 crore and unutilized term funding sanctions of Rs 561 crore.
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Muthoot Microfin also reported a healthy capital adequacy ratio (CRAR) of 27.85%. On the operational front, 23% of collections were conducted via digital channels such as UPI and the customer app, while 100% of disbursements were executed digitally.
'Q1 is traditionally a seasonally soft quarter for the microfinance industry in terms of disbursement growth. The quarter saw a heightened impact driven by ongoing sectoral challenges and the implementation of stricter MFIN guardrails, prompting the industry to shift its focus from aggressive expansion to internal consolidation. Aligned with our long-term strategy of sustainable value creation, Muthoot Microfin adopted a calibrated approach—moderating disbursements and prioritising portfolio quality, while channelling efforts towards strengthening operational infrastructure,' said Sadaf Sayeed, CEO, of Muthoot Microfin.
Muthoot Microfin shares closed flat at Rs 152.95 on the BSE on Monday.
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