Muthoot Microfin Ltd

The rating on the long-term bank loan facilities and non convertible debentures has been reaffirmed at 'Crisil A+/Stable'. Crisil Ratings stated that the ratings continue to factor in expectation of continued support from the parent, Muthoot Fincorp (MFL). It also takes into consideration MML's adequate capital position and its diversified resource profile. These strengths are partially offset by geographical concentration in the loan portfolio, moderate asset quality and susceptibility of the microfinance sector to regulatory and legislative changes. MML's portfolio quality has been affected in line with several issues faced by the sector over the last 3-4 quarters. However, overall asset quality (in terms of collections) has started showing some stability, particularly during the fourth quarter of fiscal 2025. Crisil Ratings believes that despite some early signs of improvement in collections, the company's ability to show substantial improvement in portfolio quality will be closely monitored. The company remained well-capitalised, as reflected by networth of Rs 2,632 crore and gearing of 3.0 times as on 31 March 2025 (Rs 2,804 crore and 3.0 times, respectively, as on 31 March 2024). Capital position of the company also benefits from its strong parentage, which enables it to raise funds in a timely manner. Muthoot Microfin (MML), a part of Muthoot Pappachan Group (MPG), provides microfinance loans to women. MML had AUM of Rs 12,356 crore and networth of Rs 2,632 crore as on 31 March 2025. Operations of the microfinance division are spread across Kerala, Tamil Nadu, Puducherry, Karnataka, Maharashtra, Gujarat, Haryana, Rajasthan, Uttarakhand, Madhya Pradesh, Uttar Pradesh, Odisha, West Bengal, Punjab, Chhattisgarh, Jharkhand, Bihar, Himachal Pradesh and Telangana. The scrip rose 0.83% to trade at Rs 127.4 on the BSE today. Powered by Capital Market - Live

Revenue from operations declined by 13.71% YoY to Rs 555.03 crore during the quarter. Net Interest Income (NII) for the fourth quarter was Rs 321.05 crore, down 19.6% YoY. Pre-provision operating profit (PPOP) declined by 45.5% to Rs 130.29 crore in Q4 FY25 from Rs 239.28 crore in Q4 FY24. Impairment on financial instruments in the quarter ended on 31 March 2025 was Rs 652.01 crore, which is significantly higher as compared with the impairment charge of Rs 61.90 crore provided in the same period last year. The company posted a pre-tax loss of Rs 521.72 crore in Q4 FY25 as against a pre-tax profit of Rs 177.39 crore in Q4 FY24. For FY25, Muthoot Microfin has registered a net loss of Rs 222.52 crore as against a net profit of Rs 449.58 crore recorded in FY24. Revenue from operations added up to Rs 2561.69 crore (up 13.91% YoY). The company's gross loan portfolio (GLP) grew by 1.3% to Rs. 12,357 crore in FY25. The company disbursed loans amounting to Rs. 8,872 crore during the year. In FY25, the borrower base grew by 2.3% YoY to 34.3 lakhs across 1,699 branches. The GNPA of the company is at 4.84% as against GNPA of 2.29% a year ago. The NNPA (net of stage III provision) stood at 1.34% as against 0.91% last year. The company has maintained liquidity of Rs 697 crore of unencumbered cash and cash equivalents, alongside unutilized sanctions totalling Rs 596 crore. The capital position remained healthy, with a CRAR of 27.9%. Thomas Muthoot, chairman & non-executive director, Muthoot Microfin, said: 'FY25 has been a challenging year for the industry, testing our resilience and reaffirming that true strength lies not in avoiding adversity, but in responding to it with discipline, empathy, and adaptability. At Muthoot Microfin, we chose to prioritise asset quality and customer engagement over short-term profitability. While this conservative approach impacted our profitability due to elevated provisions and a deliberate management overlay of Rs 230 crore, but these were essential steps to strengthen our long-term portfolio health. As part of this effort, we have further tightened our underwriting norms and aligned fresh disbursements with the new SRO guardrails implemented from April 1, 2025. This has led to higher rejection rates, reduced borrower over-leverage, and early signs of improving credit discipline. With AUM reaching Rs. 12,357 crore as of March 2025, we continue to grow with discipline and caution. As we look ahead to FY26, we remain cautiously optimistic, guided by our belief that sustainable growth comes from strong fundamentals. Muthoot Microfin is a part of Muthoot Pappachan Group (also known as Muthoot Blue) and is one of the leading listed MFIs in India. As on 31 March 2025, the company has 3.43 million active customers served through 1,699 branches spread across 20 states and 388 districts with a gross loan portfolio (GLP) of 12,356.7 crore. Powered by Capital Market - Live

Net loss of Muthoot Microfin reported to Rs 401.15 crore in the quarter ended March 2025 as against net profit of Rs 119.76 crore during the previous quarter ended March 2024. Sales declined 13.71% to Rs 555.03 crore in the quarter ended March 2025 as against Rs 643.22 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 222.52 crore in the year ended March 2025 as against net profit of Rs 449.58 crore during the previous year ended March 2024. Sales rose 13.91% to Rs 2561.69 crore in the year ended March 2025 as against Rs 2248.93 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales555.03643.22 -14 2561.692248.93 14 OPM %-52.2564.67 -26.6065.67 - PBDT-510.53187.15 PL -246.06617.28 PL PBT-521.71177.39 PL -288.90581.84 PL NP-401.15119.76 PL -222.52449.58 PL Powered by Capital Market - Live

The Board of Muthoot Microfin at its meeting held on 08 May 2025 has approved issue of non-convertible debentures aggregating to Rs 1,000 crore by way of private placement and Rs 500 crore through public issue during the FY 2025-26. Powered by Capital Market - Live

Muthoot Microfin will hold a meeting of the Board of Directors of the Company on 8 May 2025.Powered by Capital Market - Live

Net profit of Muthoot Microfin declined 96.95% to Rs 3.80 crore in the quarter ended December 2024 as against Rs 124.57 crore during the previous quarter ended December 2023. Sales rose 18.04% to Rs 680.78 crore in the quarter ended December 2024 as against Rs 576.76 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales680.78576.76 18 OPM %37.1163.86 - PBDT16.00139.06 -88 PBT5.06129.84 -96 NP3.80124.57 -97 Powered by Capital Market - Live

Muthoot Microfin will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

Muthoot Pappachan Group (MPG), the 137-year-old Indian business conglomerate widely recognized as Muthoot Blue, is excited to announce the induction of its fourth generation leaders into the Board of Directors. This next generation, continuing the legacy of MPG, will join the current leadership team, marking a significant step toward securing the Group's future while preserving its storied heritage. The next-generation leaders'Tina George Muthoot, Thomas Muthoot John, and Suzannah Muthoot'have joined as Executive Directors in Muthoot Capital Services, Muthoot MicroFin, and Muthoot Housing Finance, respectively. Ritu George Muthoot and Susan John Muthoot have joined Muthoot Capital Services as NonExecutive Directors. Hannah Muthoot will join as Director of the Muthoot International Sports School. The school in partnership with Brooke House College, UK, combines world-class academics with elite training in Football, Badminton, and Volleyball, offering state-of-the-art facilities and a Cambridge curriculum to shape future sports stars. Powered by Capital Market - Live

Muthoot Microfin has initiated loan disbursals under its co-lending partnership with the State Bank of India (SBI), the country's largest lender. Under this collaboration, SBI has sanctioned Asset creation cap of Rs 500 crore, to be disbursed in tranches of Rs 100 crore. Loans ranging from Rs 50,000 to Rs 3 lakhs will be extended to identified and eligible customers, focusing primarily on members of Joint Liability Groups (JLGs) engaged in agricultural and allied activities, as well as other income-generating ventures. Currently operating across 20 states and 369 districts, Muthoot Microfin plans to make this initiative available pan-India, ensuring broader access to credit for rural entrepreneurs. The collaboration with SBI enables lower interest rates, making loans more affordable for borrowers while driving financial inclusion and fostering self sufficiency in underserved communitiesPowered by Capital Market - Live

Net profit of Muthoot Microfin declined 43.77% to Rs 61.61 crore in the quarter ended September 2024 as against Rs 109.57 crore during the previous quarter ended September 2023. Sales rose 18.27% to Rs 666.58 crore in the quarter ended September 2024 as against Rs 563.63 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales666.58563.63 18 OPM %49.8066.41 - PBDT91.72155.11 -41 PBT81.19146.58 -45 NP61.61109.57 -44 Powered by Capital Market - Live