More Stories

Informist, Thursday, May 14, 2026

 

--Muthoot Finance gold loan AUM INR 1.54 tln on Mar 31, up 50% on yr 
--Muthoot Finance loan AUM INR 1.63 tln on Mar 31, up 50% on year 
--Muthoot Finance FY26 revenue INR 275.58 bln vs INR 170.99 bln yr ago 
--Muthoot Finance FY26 net profit INR 101.34 bln vs INR 52.01 bln year ago 
--Muthoot Finance Jan-Mar total income INR 81.94 bln vs INR 48.74 bln year ago 
--Muthoot Finance Jan-Mar net profit INR 30.86 bln vs INR 15.08 bln year ago 
--Analysts saw Muthoot Finance Jan-Mar net profit at INR 27.00 bln 
--Muthoot Finance Jan-Mar net profit INR 30.86 bln 

 

By Priyasmita Dutta

 

NEW DELHI – Beating Street estimates, Muthoot Finance Ltd.'s net profit for the March quarter more than doubled on year due to sharp growth in its business. The gold financier's net profit for the March quarter rose 105% on year to INR 30.86 billion, nearly INR 4 billion higher than analysts' estimate. Sequentially, the net profit was up 16%. A sharp rise in total expenses and impairment on financial instruments, however, limited the rise in profit.

 

The 105% rise in net profit for the March quarter is the steepest ever on-year rise, data available with Informist till Oct-Dec 2015 showed. Muthoot Finance's revenue from operations rose 69% on year to INR 81.80 billion in the quarter under review, also the highest ever on-year rise, data showed.  

 

The Kerala-based gold financier's total assets under management rose 50% on year to INR 1.63 trillion at the end of March, with gold loan AUM rising 50% to INR 1.54 trillion. "During Q4 (Jan-Mar) FY26, Gold Loan AUM increased by Rs. 14,426 crores (INR 144.26 billion), registering a growth of 10%," Muthoot Finance said in a press release.

 

The higher revenue was aided by a sharp rise in gold prices during the quarter. The spot price of 999 gold in Mumbai was INR 146,587 per 10 grams as on Mar. 30, up 64% from a year ago and 10% from a quarter ago. Any increase in gold prices allows borrowers to obtain higher loans or avail of 'top-up' loans against the gold already pledged to the lender as collateral. 

 

Although negligible, the lender's other income fell 29% on year to INR 140 million. Muthoot Finance released its March quarter financial results after markets closed. On Thursday, shares of the lender closed at INR 3,531 on the National Stock Exchange, up 0.7%.

 

The lender's total income during the quarter was INR 81.94 billion, up 68% on year and 13% on quarter. 

 

The company was holding 196 tonnes of gold as security as of Mar. 31. The company's average loan ticket size for FY26 was INR 148,782, up 48% on year. Its net interest margin improved to 13.38% during the March quarter from 12.77% in the December quarter and 11.27% in the March quarter of FY25.

 

Despite these strong indicators, a sharply high finance cost, including impairment on financial instruments, led to a surge in expenses during the quarter, capping the rise in profit. Muthoot Finance's finance cost jumped 52% on year to INR 28.63 billion. Of this, impairment of financial instruments rose 112% on year to INR 2.39 billion, the first on-year rise in four quarters. Sequentially, it rose 137%. The gold financier's total expenses rose over 41% on year and 10% on quarter to INR 40.27 billion. 

 

Muthoot Finance's asset quality weakened in the March quarter. Its stage III asset ratio rose to 2.35% as of Mar. 31 from 1.58% a year ago and 3.41% a quarter ago.

 

For the full year, the gold financier's net profit nearly doubled on year to INR 101.34 billion, with revenues rising 61% to INR 275.58 billion. "With a strong focus on Muthoot Finance's vision to emerge as a diversified financial services group, FY27 is expected to be another year of disciplined growth and transformation," Chairman George Jacob Muthoot said. "Alongside maintaining our leadership in gold loans, we continue to make steady progress across affordable housing finance, microfinance, personal loans, and small business lending, while also accelerating digital initiatives across the organisation," Muthoot said.  End

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.