Muthoot Capital Services (MCSL) reported strong business performance for Q2 FY26. Its loan book (AUM) grew 38% year-on-year to ₹3,284 Cr, with disbursements rising 17% YoY to ₹535 Cr.

Profit After Tax (PAT) saw a significant turnaround, reaching ₹3.31 Cr from a loss in the prior quarter.

Two-wheeler loans remain the core growth engine, though newer segments like 4-wheeler and Commercial Vehicle loans are expanding rapidly year-on-year.

The company continues its strategy of deep geographical penetration across 23 states and 388 districts.

A recent highlight includes AUM crossing ₹3,000 Cr, reflecting consistent growth.

MCSL maintains a CRISIL A+/Positive credit rating.

Key Q2 FY26 metrics: AUM ₹3,284 Cr, PAT ₹3.31 Cr, and EPS ₹1.72. Gross Non-Performing Assets (GNPA) stood at 6.46% and Net NPA at 3.07%. The positive shift in profitability and strong liquidity position, with a Liquidity Coverage Ratio (LCR) above 100%, indicates management's focus on financial stability and operational improvements.