Muthoot Microfin Ltd

Q4 FY25Finance

Muthoot Microfin Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹211

Market cap₹3.9K Cr

P/E23.0

Updated23 Aug 2026

Read4 min read

The short version

The company expects modest growth in FY '26 with 5% to 10% increase in overall growth. FY '26 ROA guidance: ~2% with around 10% ROE; credit costs expected to decline from elevated levels.

From Muthoot Microfin Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company expects modest growth in FY '26 with 5% to 10% increase in overall growth.
Disbursements have been calibrated around INR8,872 crores, 16.8% lower than the last financial year due to regulatory guardrails.
Growth guidance is conservative owing to the impact of guardrail 2, causing increased rejection rates; expected to smooth out in next few months.
Focus on increasing secured loan portfolio from existing customers tapping retail loan exposures totaling INR28,000 crores, targeting INR5,000 crores in secured loans.
Shift focus towards southern markets like Andhra Pradesh and Telangana, aiming for a 60:40 South-to-other regions ratio from current 50:50.

2 more points management made on revenue & sales performance

Profitability & Margins

FY '26 ROA guidance: ~2% with around 10% ROE; credit costs expected to decline from elevated levels.
FY '27 ROA expected to improve to ~4% and ROE to 18-20%, assuming no adverse events.
Disbursements have been calibrated due to regulatory guardrails, leading to moderate growth expectations (5-10% growth projected for FY '26).
Cost of funds is reducing, expected to improve net interest margins (NIM) over 6-9 months.
Operating expenses expected to be maintained at current levels; credit costs anticipated to come down compared to FY '25 due to reduction in stress.

2 more points management made on profitability & margins

See what Muthoot Microfin Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Muthoot Microfin Limited is exploring new secured product offerings to strengthen and retain its customer base.
Strategic focus on cross-selling secured loans to existing customers, leveraging exposures in retail loans, gold loans, housing loans, and two-wheeler loans through group companies.
Plans to build a secured loan portfolio of around INR 5,000 crores by tapping into existing customer wallets.
Focus on enhancing digital capabilities, including utilization of eKYC license to improve customer identification and prevent fraud.

2 more points management made on capital expenditure plans

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Mufin Green Finance Ltd₹2.6K Cr

Rev 1Mar 1

2Akiko₹454 Cr

Rev 1Mar 1

3₹972 Cr

Rev 1Mar 2

4₹358 Cr

Rev 1Mar 2

5₹1.5L Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript does not explicitly mention any current or immediate future fundraising plans through debt or equity.
The company reported a strong capital adequacy ratio of 27.9%, indicating adequate capital buffer.
Management highlighted a stable liability franchise that is consistently reducing the cost of capital.
The focus is on sustainable growth, digital expansion, and exploring secured product lines rather than raising fresh capital.

2 more points management made on fundraising & capital structure

See what Muthoot Microfin Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript of Muthoot Microfin Limited's earnings call does not mention any details regarding the company's current or expected order book or pending orders. The discussion primarily focuses on financial performance, collection efficiency, credit cost, provisioning, portfolio quality, digital initiatives, regulatory guardrails, and growth strategies. Therefore, there is no information available in the document about: - Current order book status - Expected order book - Pending orders or contracts If you want information on their loan disbursements or loan portfolio growth, please specify, and I can extract that data accordingly.

What Muthoot Microfin Ltd's management said in earlier quarters

Others in Finance this season

Indian Renewable Energy Development Agency Ltd (Q4 FY25)
Revenue from operations for Q4 FY25 (quarter ended Mar 31, 2025): Rs 1904 crores . Key concall takeaways from Indian Renewable Energy Development Agency Ltd's…
Authum Investment & Infrastructure Ltd (Q4 FY25)
4,322.1 Cr, slightly down from Rs. Key concall takeaways from Authum Investment & Infrastructure Ltd's Q4 FY25 earnings call — and how it ranks against sector…
Niyogin Fintech Ltd (Q4 FY25)
37.4 crores, +4% YoY; net revenue: Rs. Key concall takeaways from Niyogin Fintech Ltd's Q4 FY25 earnings call — and how it ranks against sector peers.
Power Finance Corporation Ltd (Q4 FY25)
Growth will be driven by multiple segments, primarily power distribution (55% of disbursements) and renewable energy (17%). Key concall takeaways from Power…

Compare:vs Bajaj Finance vs Bajaj Finserv vs Shriram Finance Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Muthoot Microfin Ltd Q4 FY25 results?

The company expects modest growth in FY '26 with 5% to 10% increase in overall growth. FY '26 ROA guidance: ~2% with around 10% ROE; credit costs expected to decline from elevated levels.

What is Muthoot Microfin Ltd share price analysis?

Muthoot Microfin Ltd currently shows a neutral. The stock trades at a P/E of 23.0 with a market cap of ₹3,924 Cr. Investors should review the full earnings analysis for detailed insights.

Is Muthoot Microfin Ltd planning capital expenditure?

Muthoot Microfin Limited is exploring new secured product offerings to strengthen and retain its customer base.

Keep Muthoot Microfin Ltd on your radar — track it to get its next earnings analysis in your feed.

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.