Muthoot Capital Services Ltd (MCSL), a listed entity of the Muthoot Pappachan Group, has announced its financial results for the nine months ending 31 December 2024.
The company reported a net profit of ₹39.33 crores during this period. For the third quarter alone, the net profit stood at ₹12.56 crores, a 25% increase over the previous year.
Muthoot Capital’s total Assets Under Management (AUM) reached ₹2833 crores by the end of Q3 FY25, a 46% increase compared to the same period last year. Sequentially, this marked a 19% rise over the previous quarter.
Mathews Markose, CEO of MCSL, noted that the company’s Q3 performance had surpassed expectations. He attributed the growth to disciplined execution, strong geographic expansion, and investments in digital transformation. “Leveraging technology has helped improve operational efficiency and customer experience,” he said.
Asset quality has seen a marked improvement over the previous year with Gross Non-Performing Assets (GNPA) improving to 4.73% and Net NPA (NNPA) improving to 2.22%.
Loan disbursements also saw an uptick, touching ₹845.70 crores during Q3, contributing to a total of ₹1987 crores disbursed over nine months. This represents a year-on-year jump of 77%.
Following yesterday's announcement, shares of Muthoot Capital Services began trading at the previous day's closing level but ended the day at ₹290.05, down 2.21%.
Muthoot Capital currently operates in 338 districts across 22 states.
