Muthoot Capital Services Limited Announces Quarterly Results and Board Appointments

Muthoot Capital Services Limited Announces Quarterly Results and Board Appointments​

Muthoot Capital Services Limited has announced its unaudited financial results for the quarter ended June 30, 2026, during a Board of Directors meeting held on July 16, 2026. The company also confirmed several key leadership appointments and a significant portfolio management transaction.

Financial Performance Overview​

The company reported a profit for the quarter ended June 30, 2026. Total revenue from operations stood at Rs 15,552.81 lakhs, driven primarily by interest income of Rs 14,852.49 lakhs. The company managed total expenses of Rs 14,978.39 lakhs during the period.

The financial highlights for the quarter are detailed in the table below:

Strategic Portfolio Management​

During the reporting period, Muthoot Capital Services Limited completed the sale and transfer of a stressed loan portfolio with an aggregate principal outstanding of Rs 203.01 Crores to Prasaditya ARC Limited (formerly Pridhvi Asset Reconstruction and Securitization Company Limited). The portfolio included Gross Non-Performing Assets (GNPA) of Rs 119.83 Crores and written-off loans of Rs 83.18 Crores.

The transaction was executed for a total consideration of Rs 93.20 Crores, representing an average valuation of 45.91%. The company has recognized Security Receipts amounting to Rs 81.01 Crores in its books, with the remaining amount received upfront from the ARC. This move is part of the company's ongoing strategy to improve loan book quality and focus on productive assets.

The company also noted that during the quarter, it identified 8 instances of fraud involving misappropriation and forgery totaling Rs 91.80 Lakhs, for which a 100% provision was made.

Key Leadership Appointments​

The Board approved the appointment of Ms. Manimekhalai A as a Non-Executive Independent Director effective July 16, 2026. Ms. Manimekhalai A has over three decades of experience in public sector banking, notably serving as the Managing Director and CEO of Union Bank of India until her retirement in 2026.

Additionally, the Board approved the re-appointment of Mrs. Shirley Thomas as a Non-Executive Independent Director for a second consecutive term of five years, effective November 25, 2026. Mrs. Shirley Thomas brings extensive experience from State Bank of India (SBI), where she held various senior management roles including Senior Vice President of Sales and Distribution.

Audit and Governance Updates​

The Board appointed M/s. K. Venkatachalam Aiyer & Co., Chartered Accountants, as the Tax Auditor for the Financial Year 2026-27. The firm, established in 1945, provides audit, taxation, and risk advisory services with significant experience in auditing financial services clients, including banks and NBFCs.

The company also confirmed that it maintains an additional management overlay of Rs 2,047 lakhs as of June 30, 2026, and has maintained a proactive provisioning buffer of Rs 2,250 lakhs for the upcoming periodic review of its ECL model.

MUTHOOTCAP Stock Price Movement​

Muthoot Capital Services Limited shares rallied 2.66% to settle at ₹234.80 today. The stock traded with a volume of 65,739 shares after swinging between a session low of ₹227.5 and a high of ₹239.9.