Muthoot Capital Services Ltd
Muthoot Capital Services Q2 Results 2026 (FY27): Guides 20–40% Revenue Growth, Steady Margins
Q2 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹175Cr
- +14.3% YoY
- Net profit
- ₹4Cr
- +55.5% YoY
Guidance rank: #42 of 67 in Finance
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Muthoot Capital Services Ltd Q2 FY27 key numbers
- Revenue
- AUM expected to grow from Rs. 3,500 crores to around Rs. 4,200 crores by year-end FY27.
As stated in Muthoot Capital Services Ltd's Q2 FY27 earnings call transcript · published 6 Nov 2026. Reported figures, not investment advice.
The short version
AUM expected to grow from Rs. 3,500 crores to around Rs. 4,200 crores by year-end FY27. Recoveries from ARC pools are better than expected; 100% recovery from Phoenix pool expected by September 2027, potentially leading to write-backs.
From Muthoot Capital Services Ltd's Q2 FY27 earnings-call transcript · updated 10 Nov 2026.
How did Muthoot Capital Services' revenue grow in the September 2026 quarter?
- AUM expected to grow from Rs. 3,500 crores to around Rs. 4,200 crores by year-end FY27.
- Fresh business for the quarter was Rs. 677 crores, with consistent month-over-month growth; October saw a record Rs. 306 crores and November projections exceed Rs. 400 crores.
- Two-wheeler disbursements up by 21% in the quarter, retail book up 25% YoY, with plans to deepen market share in existing states before expanding.
- Commercial vehicle and used car segments targeted to constitute 50-60% of the overall portfolio over next 2 years.
- Focus on profitable growth with improved underwriting, collection effectiveness, and technology-driven risk management.
- Retail loan book projected to grow with incremental loans generating higher net interest income as lower-yield co-lending reduces.
2 more points from Muthoot Capital Services Ltd's call on revenue
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What happened to Muthoot Capital Services' margins in Q2 FY27?
See what Muthoot Capital Services Ltd said on profitability & margins — free account, 30 seconds.
What capex is Muthoot Capital Services planning?
- The company has made significant investments in IT, including bringing underwriting BREs (Business Rules Engines) and scorecards in-house with their data science team, enhancing speed to market and risk management.
- Full transition of BREs and scorecards for commercial vehicles and used cars is planned by December 2026.
- Investment focus remains on scaling commercial vehicle, construction equipment, and used car businesses.
- Continued investments are being made in expanding the Pan-India Fixed Deposit franchise via digital platforms.
2 more points from Muthoot Capital Services Ltd's call on capex
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Top-ranked in Finance
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Is Muthoot Capital Services raising money or cutting debt?
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How big is Muthoot Capital Services' order book?
What the Q2 FY27 call signalled
3 of 4 strong
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What Muthoot Capital Services's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Frequently Asked Questions
What were Muthoot Capital Services Ltd Q2 FY27 results?
AUM expected to grow from Rs. 3,500 crores to around Rs. 4,200 crores by year-end FY27. Recoveries from ARC pools are better than expected; 100% recovery from Phoenix pool expected by September 2027, potentially leading to write-backs.
What is Muthoot Capital Services Ltd share price analysis?
Muthoot Capital Services Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.2 with a market cap of ₹326 Cr. Investors should review the full earnings analysis for detailed insights.
Is Muthoot Capital Services Ltd planning capital expenditure?
The company has made significant investments in IT, including bringing underwriting BREs (Business Rules Engines) and scorecards in-house with their data science team, enhancing speed to market and ri.
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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.