MCB Group reports 11.30 percent profit growth: what it means for MCB Group stock

MCB Group Limited (MU0424N00005) reported MUR 20.1 billion in profit attributable to ordinary shareholders for fiscal 2025/2026, an increase of 11.30 percent from fiscal 2024/2025. In its release dated September 28, 2026, MCB Group also reported operating income of MUR 47.1 billion, up 11.60 percent.

What the profit growth means

The earnings increase came with a wider operating base. Net interest income rose 11.70 percent to MUR 30.2 billion, while non-interest income advanced 11.40 percent to MUR 16.8 billion in fiscal 2025/2026, according to MCB Group. The mix matters because the company expanded both traditional lending income and fee, trading and other operating income.

Profit before tax climbed 20.30 percent to MUR 27.6 billion, faster than profit attributable to ordinary shareholders. The difference reflects a 47.60 percent rise in the tax charge to MUR 7.3 billion and an effective tax rate of 26.40 percent, compared with 21.50 percent in fiscal 2024/2025.

Loans expand faster than income

Balance-sheet growth was the second major signal. Net customer loans increased 27.80 percent to MUR 500 billion at June 30, 2026, while customer deposits rose 21.40 percent to MUR 881 billion. The loan-to-deposit ratio reached 62.40 percent, up from 60.60 percent a year earlier.

Credit quality also improved during fiscal 2025/2026. The gross non-performing loan ratio fell to 2.00 percent from 3.00 percent, and the cost of risk declined to 0.39 percent from 0.74 percent. At the same time, the capital adequacy ratio decreased to 20.30 percent from 22.00 percent as lending expanded.

Equity reaches MUR 137.3 billion

MCB Group's audited accounts show total equity of MUR 137.3 billion at June 30, 2026, up from MUR 121.3 billion a year earlier. The company also reported a fiscal 2025/2026 dividend per share of MUR 27.50, including a final dividend of MUR 16.50 declared on September 28, 2026.

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