Muthoot Microfin Limited — Earnings Release 2025

May 8, 2025

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Ref:

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Scrip code: 544055

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (East) Mumbai - 400051 Symbol: MUTHOOTMF

Dear Sir/Madam,

Sub.: Press Release

Pursuant to Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements), 2015, we hereby submit the Press Release on the Audited Financial Results for the quarter and full year ended March 31, 2025. The same is also available on the website of the company at www.muthootmicrofn.com

Please take the same on record.

Thanking you,

Yours Truly

NEETHU

AJAY

Digitally signed by NEETHU AJAY Date: 2025.05.08 18:34:03 +05'30'

Neethu Ajay Company Secretary and Chief Compliance O�icer

Press Release

FY25 Performance: Advancing Inclusivity & Sustainability

Accelerating Digital Enablement and Operational Controls for equitable & responsible Growth

• Secures ESG Score of 72.2 with CareEdge-ESG 1 Rating, highest rating tier by CARE

• Secures e-KYC License to conduct Aadhaar enabled e-KYC for customer onboarding

• Enabled 10.2 lakh e-clinic consultations till date, enhancing healthcare access in underserved regions

• AUM reached Rs. 12,357 Crore, a growth of 1.3% YoY

• NII for FY25 at 1,551 Crore up 14.3% YoY; PPOP at 868 Crore up by 15.0% YoY

Mumbai, 8th May 2025: NSE: MUTHOOTMF, BSE: 544055), among India’s leading Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), focused on providing micro-loans to women entrepreneurs with a focus on rural regions of India, today announced its audited financial performance for the fourth quarter and full financial year 2024-25.

Business Highlights: FY25

• GLP grew by 1.3% YoY from Rs.12,193 crore to Rs. 12,357 crore; company disbursed Rs. 8,872 crore

• Borrower base grew by 2.3% YoY from 33.5 lakhs to 34.3 lakhs across 1,699 branches.

• Secures e-KYC License to conduct Aadhaar enabled e-KYC for customer onboarding

• Expanded its footprints in Andhra Pradesh in August, with 20 branches currently

• Honoured with Double Gold at SKOCH Awards 2025 for Excellence in Digital Financial Inclusion through initiatives like Mahila Mitra App and NATCAT Insurance

Financial Highlights: FY25

• Total income for the year stood at Rs. 2,564 crore, a growth of 13.7% YoY

• Net Interest Income increased by 14.3% from Rs. 1,357 crore to Rs. 1,551 crore

• Rs. 868 crore, up 15.0% YoY

• Amid sectoral headwinds, the company maintained a cautious stance with elevated provisions and creation of a prudent management overlay to Rs. 230 Crore resulting a loss of Rs 222 Crore.

• The GNPA of the Company is at 4.84% as against GNPA of 2.29% a year ago, NNPA (Net of Stage III provision) stood at 1.34% as against 0.91% last year

• Robust liquidity of Rs. 697 crore of unencumbered cash and cash equivalents, alongside unutilized sanctions totalling Rs. 596 crores

• Healthy capital position with a CRAR of 27.9%

• 25% of our collections are via digital channels such as UPI/Customer App, while 100% disbursements are entirely executed digitally.

Commenting on the performance:

“FY25 has been a challenging year for the industry, testing our resilience and rea�irming that true strength lies not in avoiding adversity, but in responding to it with discipline, empathy, and adaptability. At Muthoot Microfin, we chose to prioritise asset quality and customer engagement over short-term profitability. While this conservative approach impacted our profitability due to elevated provisions and a deliberate management overlay of Rs. 230 crore, but these were essential steps to strengthen our long-term portfolio health.

As part of this e�ort, we have further tightened our underwriting norms and aligned fresh disbursements with the new SRO guardrails implemented from April 1, 2025. This has led to higher rejection rates, reduced borrower over-leverage, and early signs of improving credit discipline.

Importantly, we continued to invest in people and impact. We onboarded 834 female Relationship O�icers / Loan O�icers in FY25, reinforcing our commitment in building a more representative and empathetic workforce.

Our social impact e�orts also expanded meaningfully. We facilitated 10.2 lakh e-clinic consultations and 3.7 lakh tele-consultations till date, improving healthcare access in underserved areas. Additionally, we honoured 90,639 natural catastrophe insurance claims during FY25, disbursing over Rs. 18.3 crore to support customers during di�icult times.

With AUM reaching Rs. 12,357 crore as of March 2025, we continue to grow with discipline and caution. As we look ahead to FY26, we remain cautiously optimistic, guided by our belief that sustainable growth comes from strong fundamentals.”

disruptions and regional stress pockets, especially in Karnataka. In response, we adopted a prudent and measured approach focusing on enhancing operational e�iciency and preserving liquidity. With a conscious decision to moderate disbursements for the fiscal year, our emphasis remained on conserving Tier-1 capital, maintaining strong liquidity bu�ers, resolving asset quality challenges, and steadily improving collection e�iciency.

For FY25, Net Interest Income stood at Rs. 1,551 crore, growing 14.3% YoY, with PPOP at 868 Crore growing 15.0% YoY. We proactively strengthened provisioning bu�ers to safeguard long-term portfolio quality, helping contain stress in SMA buckets and limit forward flows. While this conservative approach led to a net loss of Rs. 222 crore, it has laid a solid foundation for sustainable growth.

We continue to maintain strong liquidity of Rs. 697 crore and a healthy capital adequacy ratio of 27.9%, giving us financial flexibility to manage near-term challenges and support future expansion.

transactions worth Rs. 2,297 crore were conducted digitally by our customers for repayments. A meaningful portion of our customer base holds retail credit products, suggesting potential to gradually expand our o�erings and diversify the loan portfolio.

outstanding ESG score of 72.2 and was rated CareEdge-ESG 1. This places us among India’s ESG leaders in financial services and marks the highest ESG rating ever given by CARE for this sector. It stands as a strong testament to our unwavering commitment to responsible growth and excellence across environmental, social, and governance standards.

With collection e�iciency stabilising and early signs of recovery visible, we are wellpositioned for steady growth ahead. Our disciplined risk management, calibrated disbursement strategy, and focus on e�iciency will continue to drive momentum while protecting portfolio quality.”

Key Metrics: FY25

Particulars FY24 FY25 YoY% Gross Loan Portfolio (Rs. Cr) 12,193.50 12,356.72 1.3% Borrowers (Lakh) 33.53 34.29 2.3% Branches (No.) 1,508 1,699 12.7% Particulars(Rs. Cr) FY24 FY25 YoY% Net Interest Income (NII) 1,356.92 1,551.15 14.3% Pre-Provision Operating Profit (PPOP) 754.38 867.64 15.0% Profit After Tax (PAT) 449.58 -222.52 -149.5% Key Ratios FY24 FY25 YoY% Net Interest Margin (NIM) 12.63% 12.36% -27 bps Cost/Income Ratio 45.70% 46.91% +121 bps Opex/GLP Ratio 5.94% 6.21% +27 bps Return on Assets (ROA) 4.19% -1.80% -599 bps Return on equity (ROE) 20.30% -8.19% -2848 bps

Key Metrics: Q4FY25

Particulars(Rs. Cr)	Q4 FY24	Q4 FY25	YoY%
Net Interest Income (NII)	399.44	321.05	-19.6%
Pre-Provision Operating Profit (PPOP)	239.28	130.29	-45.5%
Profit After Tax (PAT)	119.76	-401.15	-434.96%

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About Muthoot Microfin Limited

is one of the leading listed MFIs in India. It has inherited values, principles of integrity, collaboration, and excellence to take forward the legacy of 138+ years. The microfinance operations of the Company are designed to promote entrepreneurship among women and inclusive growth. It provides financial assistance through micro loans such as income generating loans to women engaged in small businesses. It is involved in delivering financial services to masses including underprivileged and disadvantaged people, living in the rural sectors of the Indian society at a�ordable terms, in quick turnaround time and with hassle-free processing is the aim of our financial inclusion drive. As on 31[st ] March 2025, the Company has 3.43 million active customers served through 1,699 branches spread across 20 states and 388 districts with a Gross Loan Portfolio (GLP) of 12,356.7 Crore. It is also part of S&P BSE Financial Services Index.

For more information, please contact:

Mr. Rajat Gupta | AVP – Investor Relations Muthoot Microfin Ltd. Email: rajat.gupta@muthootmicrofn.com Ph. No: +91-9821849374 www.muthootmicrofn.com

Ms. Neethu Ajay Muthoot Microfin Ltd. Email: info@muthootmicrofn.com www.muthootmicrofn.com

Caution Concerning Forward- Looking Statements:

This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

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