Muthoot Capital Services Ltd
Muthoot Capital Services Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expecting Q3 disbursements/new business between INR 800-850 crores (conservative) to INR 1,000-1,100 crores (aggressive). Expecting Q3 disbursements between INR 800-850 crores, with an aggressive target up to INR 1,100 crores.
From Muthoot Capital Services Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Expecting Q3 disbursements/new business between INR 800-850 crores (conservative) to INR 1,000-1,100 crores (aggressive).
- AUM target of INR 10,000 crores by 2028, growing from INR 3,300+ crores currently.
- Year-on-year AUM growth of 40%, with steady quarterly growth anticipated.
- Launching new product lines, including used 2-wheelers (by Nov/Dec 2025) and construction equipment (by Oct 2025), to diversify and drive growth.
- Yield expected to increase by 1% in Q3 and an additional 0.5% in Q4, via risk-based pricing and portfolio mix improvements.
2 more points from Muthoot Capital Services Ltd's call on revenue
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Profitability & Margins
See what Muthoot Capital Services Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Muthoot Capital Services is heavily investing in technology, including digital platforms and state-of-the-art Loan Origination Systems (LOS) for 2-wheeler and Commercial Vehicle used car financing.
- Significant capex on setting up a best-in-class data lake platform through EY, aimed at improving analytics and departmental dashboards across HR, operations, credit, collections, etc. First phase expected online by November 2025, full enterprise rollout within 2-3 months after.
- Investment in collection strategy automation, including bot-based calling and partnerships with platforms like Resolve.
- Expanding product portfolio with launch of construction equipment financing (by October 2025) and used 2-wheeler loans (by November/December 2025).
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Fundraising & Capital Structure
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Order Book & Pipeline
- The company expects disbursement in new business to be between INR 800 crores to INR 850 crores in Q3 on a conservative basis.
- An aggressive target for Q3 disbursement is around INR 1,000 crores to INR 1,100 crores, depending on how the season pans out.
- The aggressive number (INR 1,100 crores) is viewed as a "wishful" target contingent on favorable market and festive season conditions.
- Disbursements of used 2-wheeler loans are expected to start from Q3 but will not see a festive season boom immediately.
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What Muthoot Cap.Serv's management said in earlier quarters
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Frequently Asked Questions
What were Muthoot Capital Services Ltd Q2 FY26 results?
Expecting Q3 disbursements/new business between INR 800-850 crores (conservative) to INR 1,000-1,100 crores (aggressive). Expecting Q3 disbursements between INR 800-850 crores, with an aggressive target up to INR 1,100 crores.
What is Muthoot Capital Services Ltd share price analysis?
Muthoot Capital Services Ltd currently shows a neutral. The stock trades at a P/E of 14.5 with a market cap of ₹365 Cr. Investors should review the full earnings analysis for detailed insights.
Is Muthoot Capital Services Ltd planning capital expenditure?
Muthoot Capital Services is heavily investing in technology, including digital platforms and state-of-the-art Loan Origination Systems (LOS) for 2-wheeler and Commercial Vehicle used car financing. - Significant capex on setting up a best-in-class data lake platform through EY, aimed at improving analytics and departmental dashboards across HR, operations, credit, collections, etc.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.