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Muthoot Microfin
SectorFinancial Services
In the news
Q2 FY27 Earnings: TCS, Developers, and Microfinance Tell Different Stories
Muthoot Microfin targets ₹30,000 cr AUM by 2030 amid food inflation risks
Muthoot Microfin Q2 AUM grows 22% to ₹15,323 cr, shares up 4%
Muthoot Microfin raises ₹250 cr via NCD private placement
Muthoot Microfin shares may rise to ₹240 in 3 months: Analyst
Muthoot Microfin's Q1 FY27: The Art of Quality-Led Recovery
Muthoot Microfin Q1 profit surges 13-fold to ₹81.3 crore
Sebi exempts 6 Muthoot trusts from open offer in restructuring
Muthoot Microfin Q1 AUM rises 18% to ₹14,457 cr, shares hit 52-week high
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Crisil upgrades Muthoot Microfin's credit rating to AA-
Muthoot Microfin stock may re-rate on strong Q4 FY26 earnings
Muthoot Microfin targets ₹30K cr AUM by 2030, cuts JLG share to 60%
Muthoot Microfin targets ₹30,000 crore AUM by 2030, cuts micro loan share
Muthoot Microfin posts ₹71 cr profit vs ₹401 cr loss in Q4
Muthoot Microfin AUM rises 13% to ₹14,006 cr in FY26
Muthoot Microfin eyes NBFC acquisition for property loan expansion
Muthoot Microfin returns to normalised disbursements
Muthoot Microfin CEO: Bad days for microfinance over
The Quarter story
The two most recent quarterly results, compared side-by-side.
Muthoot Microfin drives strong portfolio growth and profitability while steadily improving asset quality and operational efficiency.
AUM grew from ₹1,22,528 Cr to ₹1,44,572 Cr from Q1 FY26 to Q1 FY27, driving consistent portfolio expansion.
Active clients declined from 3.41 Mn to 3.25 Mn from Q1 FY26 to Q1 FY27, indicating deliberate portfolio pruning.
GNPA fell from 4.85% to 3.70% from Q1 FY26 to Q1 FY27, reflecting stronger asset quality management.
Branch count contracted from 1,726 to 1,671 from Q1 FY26 to Q1 FY27, reflecting strategic network optimization.
PAT surged from ₹62 Cr to ₹813 Cr from Q1 FY26 to Q1 FY27, highlighting improved profitability and scale.
Public sector bank funding dropped from 33% to 17% from Q1 FY26 to Q1 FY27, showing a shift toward private sector reliance.
Digital share climbed from 23% to 40.5% from Q1 FY26 to Q1 FY27, validating successful tech adoption across collections.
BBPS digital share fell from 48.2% to 33.7% from Q1 FY26 to Q1 FY27, as customers migrate to newer payment channels.
Collection efficiency rose from 93% to 97.97% from Q1 FY26 to Q1 FY27, demonstrating tighter cash flow discipline.
RO count decreased from 9,854 to 8,644 from Q1 FY26 to Q1 FY27, aligning field workforce with automation gains.
Company insights, generated from the most recent coverage.
Outstanding per branch rose from ~₹7 crore to ₹8.6 crore in Q1 and ~₹9.1 crore in Q2, against a ₹12-13 crore target; average outstanding per client rose from ₹36k to ~₹48k. Deepening existing relationships, not new customers, is the near-term AUM engine.
Muthoot Microfin's branch expansion is now selective — Andhra Pradesh and Assam — rather than a pan-India build-out. Capacity addition has moved from brick-and-mortar density to per-branch throughput.
Digital collections at 47% cut Muthoot Microfin's opex ratio to 6.3% (-52 bps YoY) with guidance of 6.1-6.4% by FY27, but this lowers servicing and collection cost, not customer acquisition cost — digital client acquisition actually fell to 0.10 million from 0.12 million.