Here's a concise summary of the investor presentation: **1. Business Performance:** Muthoot Capital (MCSL) closed FY26 with AUM at ₹3,350 Cr.

Q4 disbursements hit ₹569 Cr, bringing the full-year total to ₹2,349 Cr.

Two-wheeler loans dominate the ₹2,807 Cr portfolio.

Strong YoY growth came from Loyalty Loans (+87%), 4-wheelers (+37%), and Commercial Vehicles (+232%). Co-lending two-wheeler disbursements, however, saw a 62% YoY decline. **2. Growth Drivers or Strategy:** Strategic co-lending pushed the managed book to ₹788.36 Cr.

MCSL is actively diversifying its product mix beyond two-wheelers.

Efficient treasury management is paying off, with Q4 borrowing costs at an improved 9.63%. **3. Recent Developments:** MCSL secured ₹865 Cr in new bank sanctions for FY25-26, keeping ₹340 Cr unutilized for strong liquidity.

New co-lending with some partners has paused, though collections continue.

Total write-offs for the quarter amounted to ₹12.35 Cr. **4. Key Financial Metrics:** Q4 FY26 PAT: ₹55.9 Cr.

Gross NPA (POS): 6.41%; Net NPA (POS): 3.50%. Debt-Equity Ratio: 4.94x. Capital Adequacy Ratio (CAR): 22.7%. **5. Management Commentary / Outlook:** MCSL maintains robust liquidity, with its LCR consistently above regulatory limits.

The company's focus remains on diversified growth, efficient operations, and strong financial health to support future expansion.