loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Muthoot Microfin reported a healthy provisional business update for Q1FY27

ICICIdirect Research 10 Jul 2026 DISCLAIMER

News: Muthoot Microfin reported a healthy provisional business update for Q1FY27, with AUM rising ~18% YoY (~3% QoQ) to ₹14,457 crore as of 30 June 2026, supported by continued portfolio expansion and strong disbursement momentum. Disbursements grew ~49% YoY to ₹2,645 crore in Q1FY27, aided by continued traction in individual loans and the commencement of gold loan disbursements under the co-lending arrangement with Muthoot Fincorp. Portfolio diversification improved further, with the JLG/non-JLG mix at 76:24 vs 83:17 as of March 2026, while the individual loan portfolio increased to ₹3,214 crore. On the asset quality front, collection efficiency remained strong at 97.97%, up 497 bps YoY and 157 bps QoQ, while X-bucket collection efficiency stood at 99.89%. The company also maintained strong liquidity of ₹1,310 crore, with unavailed sanctioned lines of ₹3,485 crore, and raised ₹2,664 crore during the quarter

View: Execution on portfolio diversification remains encouraging, with the company steadily increasing the share of higher-yielding non-JLG products while maintaining collection efficiency and liquidity comfort. Asset quality behaviour through cycles and scalability of newer secured products remain key monitorables.

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere