Muthoot Microfin Share: Q3 mein dikhaya Dum! AUM badha, Profitability hui wapas track par

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AuthorKavya Nair|Published at:
Muthoot Microfin Share: Q3 mein dikhaya Dum! AUM badha, Profitability hui wapas track par
Overview

Arre yaaron, Muthoot Microfin ne Q3 FY26 mein ekdum zabardast performance dikhaya hai! Unka Assets Under Management (AUM) **5.4%** badh kar **₹13,078 Crore** ho gaya hai. Aur sabse achhi baat, company ki profitability bhi waapas line par aa gayi hai, asset quality bhi sudhar gayi hai.

AUM toh bhaga hi, profit mein bhi dikha comeback!

Muthoot Microfin ke latest results toh ekdum dhamakedar hain. Q3 FY26 mein, inka AUM 5.4% saal-dar-saal (YoY) aur 4.1% quarter-dar-quarter (QoQ) badh kar ₹13,078 Crore tak pahunch gaya. Iske saath, company ne ₹62 Crore ka Profit After Tax (PAT) bhi report kiya hai.

Asset Quality aur Profitability ka Balance?

Chalo numbers par nazar daalte hain:

  • AUM: ₹13,078 Cr (Q3 FY26) - badhiya growth dikha raha hai.
  • PAT: ₹62 Cr (Q3 FY26) - comeback ka sign.
  • ROA: 1.9% (Q3 FY26) - long-term target 3.5% hai, toh abhi aur mehnat baaki hai.
  • GNPA: 4.4% (21 bps QoQ kam hua) - asset quality sudhar rahi hai.
  • Net NPA: 7 bps QoQ sudhaara - yeh bhi positive sign hai.
  • Credit Cost: 3.3% (target 2-2.5% tak laana hai) - is par nazar rakhni hogi.
  • NIM: 12% par stable hai, FY26 end tak >12% ka target hai.
  • PPOP: ₹175 Crore ( 17.7% QoQ up) - yeh toh kamaal ho gaya!
  • Cost-to-Income Ratio: Abhi 54.8% hai, lekin target 43% rakha hai 9-12 mahino mein. Yeh bahut ambitious target hai!

Company ne operating expenses ko control karne par zor diya hai, jiske liye branch rationalization aur technology ka use karenge. Isse Cost-to-Income ratio ko kam karne mein madad milegi. NIM bhi stable hai, jo ki achhi baat hai.

Aage Kya? Management Kya Bol Raha Hai?

Management kaafi confident lag raha hai FY26 aur FY27 ke liye. Woh AUM growth ko lekar target de rahe hain, jisme FY26 tak ~₹14,000 Crore aur FY27 tak ~₹17,000 Crore ka AUM dekh rahe hain. Long-term mein 3.5% ROA aur 14-18% ROE achieve karne ka goal hai.

Haan, kuch chinta wali baatein bhi hain. Higher-risk states mein CGFMU guarantee ke liye apply karna dikhata hai ki challenges abhi bhi hain. Lekin management ka kehna hai ki FY27 tak sab kuch 'clean' ho jayega. Abhi sabse bada risk inke liye Cost-to-Income ratio ko target tak laana aur asset quality ko maintain karna hai. Investors ab AUM growth aur cost efficiency mein progress par nazar rakhenge.

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