Muthoot Microfin Ltd filed a disclosure with BSE Limited and the National Stock Exchange of India Limited on May 07, 2026, pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Chief Compliance Officer and Company Secretary Neethu Ajay, submitted the company's Capital Markets Day 2026 presentation for the record of both exchanges. Subsequently, on May 08, 2026, the company filed an additional intimation confirming that the audio recording of the Capital Markets Day 2026 investor meet has been uploaded on the company's official website and is accessible at https://muthootmicrofin.com/wp-content/uploads/Capital-Markets-Day-2026-Audio.mp3 .

India's Macroeconomic Outlook

The presentation outlined key macroeconomic parameters for India across FY25, FY26, and FY27 (projected). India's real GDP growth is noted at 6.50% for FY25, with FY26 estimated at 7.40% (with downside risk) and FY27 projected at 6.70%. Growth is expected to be driven by healthy consumption and a mild revival in private investment, supported by lower interest rates, improved disposable income from income tax cuts, and reduced prices of mass consumption items following GST rate cuts. The following table summarises the key macro parameters as presented:

P – Projected | * With downside risk | ^ Revised estimate | ^^ Budget estimate

Source: RBI, NSO, Crisil Intelligence (Publicly available information)

CPI inflation is projected to rise to 5.00% in FY27 from 2.50% in FY26, attributed to a low base effect on food inflation, though softer global commodity prices are expected to keep inflation within the RBI's target range of 2–6%. The fiscal deficit is targeted to decline from 4.80% of GDP in FY25 to 4.30% in FY27, with the government aiming to reduce revenue spending as a percentage of GDP while maintaining capital expenditure. The exchange rate is projected to move from Rs/$ 86.60 in FY25 to Rs/$ 89.00 in FY27, with a manageable current account deficit expected to limit further rupee pressure.

Global GDP Growth Context

The presentation also provided a comparative view of GDP growth rates across major economies. India's growth trajectory stands out relative to peers, as highlighted below:

Five Pillars of IT Resilience and Security

The Capital Markets Day presentation also detailed Muthoot Microfin's operational technology framework, structured around five core pillars for IT resilience and security:

• IT Governance & Security: Board-driven governance and risk oversight, ISO 27001:2022 aligned framework, and clear accountability across IT and security domains.
• Fintech-Ready Environment: Infrastructure aligned to RBI and UIDAI guidelines, AUA/KUA licensed ecosystem, and systems built for high-volume, regulated financial operations.
• In-House IT Capability: A team of 100+ dedicated IT professionals, strong internal ownership of critical systems, and reduced dependency on external vendors.
• Continuous Compliance & Assurance: Internal and external audits, regulatory compliance monitoring, and BCP/DR drills and simulation readiness.
• Threat Management & Monitoring: SIEM-driven security operations, real-time threat visibility and dashboards, structured vulnerability and patch management, and continuous threat exposure monitoring.

The company's infrastructure is described as a scalable multi-cloud ecosystem with high-availability architecture, built-in redundancy, AI/ML workload readiness, cost-optimized on-demand scalability, and robust disaster recovery mechanisms. On the software and digital platforms front, the framework encompasses secure SDLC practices, an ITSM framework, agile development with CI/CD pipelines, an API-first integration ecosystem, mobile-first innovations for field operations, and AI-driven automation and analytics use cases.

Muthoot Microfin Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a strong turnaround in performance. The company's Gross Loan Portfolio (GLP) grew 13.3% YoY and 7.1% QoQ to Rs. 14,005.6 crore. Profit After Tax (PAT) for the full year stood at Rs. 170.3 crore, a significant improvement compared to a loss of Rs. 222.5 crore in the previous year; including OCI, PAT improved to Rs. 213.6 crore. The Board approved the results at a meeting held on May 06, 2026, and statutory auditors M/s. Suresh Surana & Associates LLP issued an unmodified opinion on the audited financial results, as confirmed under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the results, the company filed its Investor Presentation for the quarter and year ended March 31, 2026, pursuant to Regulation 30 of the Listing Regulations. Subsequently, on May 07, 2026, Muthoot Microfin published newspaper advertisements pertaining to the audited financial results for the quarter and year ended March 31, 2026, in pursuance of Regulation 30, Regulation 47, Regulation 52(8), and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted by Chief Compliance Officer and Company Secretary Neethu Ajay.

Business and Operational Highlights

The company demonstrated strong operational momentum during FY26. Disbursements for Q4 FY26 stood at Rs. 2,876.7 crore, registering growth of 46.8% YoY and 15.4% QoQ. The non-JLG portfolio expanded to 17.5% of the total portfolio. The branch network stood at 1,670 with an employee strength of 15,735, following the consolidation of 25 branches during the quarter and 91 for FY26. Digital adoption remained robust, with 33.9% of collections through digital channels compared to 27.8% in Q3 FY26, and 100% of disbursements executed digitally. Customer App installations touched the 2.0 million mark. CARE Ratings upgraded the company's ESG Rating to 80.8 (CareEdge-ESG 1+) from 72.2 (CareEdge-ESG 1).

Key Financial Performance – FY26 vs FY25

The following table summarises the key financial metrics for FY26 compared to FY25:

Key Financial Performance – Q4 FY26

For the quarter ended March 31, 2026, Net Interest Income (NII) stood at Rs. 369.0 crore, growing 14.90% YoY against Rs. 321.1 crore in Q4 FY25 and 2.8% QoQ against Rs. 358.8 crore in Q3 FY26. Revenue for Q4 FY26 stood at Rs. 6.38 billion compared to Rs. 5.5 billion in Q4 FY25. Net profit for Q4 FY26 stood at Rs. 711 million compared to a loss of Rs. 4 billion in Q4 FY25. Pre-Provisioning Operating Profit (PPOP) increased 48.0% YoY to Rs. 192.8 crore, while Profit After Tax (PAT) stood at Rs. 71.1 crore compared to a loss of Rs. 401.2 crore in Q4 FY25. Net Interest Margin (NIM) remained at 12.0%, with cost of funds declining by 75 bps to 10.27%. During the quarter, the company raised Rs. 2,451 crore.

Asset Quality and Liquidity

Asset quality improved significantly during FY26. GNPA declined by 95 bps YoY from 4.84% in Q4 FY25 to 3.89% in Q4 FY26. Net NPA reduced by 20 bps YoY to 1.14%. Credit cost for the full year reduced from 9.4% to 3.5%, and for Q4 FY26 it reduced to 2.8%. X-bucket collection efficiency strengthened to 99.82%. As of Q4 FY26, Stage 1 loan assets stood at Rs. 1,01,039.3 lakhs with an ECL of Rs. 953.6 lakhs (ECL rate: 0.94%), Stage 2 at Rs. 2,936.3 lakhs with ECL of Rs. 255.4 lakhs (ECL rate: 8.70%), and Stage 3 at Rs. 4,209.2 lakhs with ECL of Rs. 3,011.1 lakhs (ECL rate: 71.53%). Total loan assets stood at Rs. 1,08,184.8 lakhs with a total ECL of Rs. 4,220.1 lakhs. The company maintained a strong liquidity position with Rs. 882 crore in liquid funds and HQLA–GSec investments, Rs. 1,728 crore in DA/PTC sanctions, and Rs. 1,427 crore in unutilised term funding sanctions. Capital adequacy stood at 23.9%.

ECL Movement Summary

The following table presents the ECL movement for FY26 across quarters (figures in lakhs):

Management Commentary

Mr. Thomas Muthoot, Chairman & Non-Executive Director, noted that the operating environment showed clear and broad-based improvement, with collection trends strengthening across geographies and borrower segments. He highlighted a visible industry shift from high-velocity, unsecured group lending towards more diversified, higher-ticket and cashflow-backed products, leading to improving asset quality metrics and better system stability. He added that Muthoot Microfin's AUM grew by approximately 13% year-on-year to Rs. 14,005.6 crore, supported by a strong pickup in disbursements, which increased by 47% year-on-year and 15% sequentially, with GNPA declining by 95 basis points year-on-year to 3.89%.

Mr. Sadaf Sayeed, CEO, stated that the strong Q4 FY26 performance was underpinned by healthy growth in the loan portfolio, improved profitability, and continued strengthening of asset quality. He noted that GLP growth of over 13% YoY, coupled with a sharp expansion in PPOP and stable margins, reflects the resilience of the business model and disciplined execution. He further highlighted that the continued focus on diversification, with the non-JLG portfolio gaining traction, along with strong digital adoption, positions the company well for sustainable growth.

FY27 Guidance

The investor presentation disclosed the company's guidance for FY27 across key operating and financial parameters:

Credit Ratings

The company's credit ratings as disclosed in the investor presentation are as follows:

Corporate Developments

The Board noted the resignation of Mr. Akshaya Prasad as Non-Executive Director, effective May 6, 2026. The agenda item relating to the issuance of Non-Convertible Debentures was deferred. During FY26, the company issued secured non-convertible debentures amounting to Rs. 8,650 million. The declaration under Regulation 33(3)(d) was submitted by Executive Director Thomas Muthoot John (DIN: 07557585) on May 06, 2026, confirming the unmodified audit opinion on the company's audited financial results for the year ended March 31, 2026.