Kochi :Muthoot Finance Q1FY26 Financial Results

  • Highest Ever Consolidated Loan AUM at Rs. 1,33,938 crores as on June 30, 2025
  • Historic Highest YoY Growth in Loan AUM by Rs. 35,891 crores of 37%
  • Highest Ever Consolidated Profit after Tax at Rs. 1,974 crores in any year, up by 65% YoY
  • Highest Ever Standalone Loan AUM at Rs. 1,20,031 crores as on June 30, 2025
  • Historic Highest YoY Growth in Loan AUM by Rs. 35,707 crores of 42%
  • Highest Ever Standalone Profit after tax at Rs. 2,046 crores in any year, up by 90% YoY
  • Highest Ever Gold Loan AUM at Rs. 1,13,194 crores as on March 31, 2025
  • Historic Highest YoY Growth in Gold Loan AUM by Rs. 32,272 crores of 40%

Other Key Highlights:

  • Crossed Market Capitalisation of Rs. 1 Trillion
  • Opened 22 new branches by the Group in Q1 FY25
  • Won 6 awards at the prestigious E4M Golden Mikes awards including the Golden Category for the best integrated TV campaign and Silver Category award for the best use of influencers/celebrities on TV for the Sunheri Soch season 3 campaign

Key Subsidiaries – ‘Stable Performance Across Subsidiaries’

Belstar Microfinance

  • Opened 10 gold loan branches in Q1 FY26 to diversify the loan product portfolio.
  • Implemented a customer color-coding system to track customer stickiness linked with the repayment.
  • Maintained a Stage 3 Loan assets at 4.44%, which is consistent with the industry peers.
  • Introduced a risk-based scoring model as a new control measure to improve the quality of lending.

Muthoot Homefin

  • Loan AUM at Rs.3,096 crores in Q1 FY26 vs. Rs. 2,199 crores in Q1 FY25; growth of ~41% YoY
  • Interest income increased at ~49% YoY to Rs. 86 crores in Q1 FY26 vs. Rs. 58 crores in Q1 FY25

Muthoot Money

  • Loan AUM at Rs. 5,000 crores in Q1 FY26 vs. Rs. 1,657 crores in Q1 FY25; growth of ~202% YoY
  • Continued decline in NPA through physical collections witnessed consistently throughout the year. GNPA decreased to 0.96 % in Q1 FY26 from 1.67% in Q1 FY25
  • Branch network increased to 997 during Q1 FY26

Results

A meeting of the Board of Directors of Muthoot Finance Ltd. was held today to consider and approve the unaudited standalone and consolidated results for the quarter ended June 30, 2025.

Consolidated Results of Muthoot Finance Ltd.

Muthoot Finance Ltd Consolidated Loan Assets Under Management grew 37% YoY to Rs. 1,33,938 crores in Q1 FY26 as against Rs. 98,048 crores last year. During the quarter, Consolidated Loan Assets Under Management increased by 10% of Rs. 11,757 crores. Consolidated Profit after tax increased by 65% YoY to Rs. 1,974 crores as against Rs. 1,196 crores last year.

Financial PerformanceQ1 FY26Q4 FY25QoQ %Q1 FY25YoY %FY25
Group Branch Network7,4137,3910%6,75910%7,391
Consolidated Gross Loan Assets of the Group1,33,9381,22,18110%98,04837%1,22,181
Consolidated Profit of the Group1,9741,44437%1,19665%5,352
Contribution in the Consolidated Gross Loan Assets of the Group
Muthoot Finance Ltd1,17,1411,06,41810%83,60440%1,06,418
Subsidiaries16,79715,7637%14,44416%15,763
Contribution in the Consolidated Profit of the Group
Muthoot Finance Ltd2,004147936%1,07187%5,126
Subsidiaries-30-3514%125-124%226

Mr. George Jacob Muthoot, Chairman said “Muthoot Finance has begun FY26 with a strong footing with our Consolidated Loan Assets Under Management reaching highest ever level of Rs. 1,33,938 crores and Standalone Loan Assets Under Management reaching highest ever level of Rs. 1,20,031 crores. It reflects a robust growth of 37% YoY in Consolidated Loan Assets Under Management driven by 237% growth in Gold Loan Assets of Muthoot Money from Rs. 1,449 crores to Rs. 4,879 crores and 40% growth in Gold Loan Assets of Muthoot Finance from Rs. 80,922 crores to Rs. 1,13,194 crores. Consolidated Profit after Tax grew by 65 % YoY to Rs. 1,974 crores, underpinned by healthy growth in our core gold loan business. Our leadership in this segment continues to reflect the deep trust our customers place in us and the effectiveness of our customer-centric approach. As Indian economy advances, demand for quick, reliable, and affordable credit is rising – and gold loans remain a critical enabler in this space. We are also accelerating our digital transformation journey to ensure faster, more seamless credit access for millions of customers across the country. Strategic investments in technology and innovation are enhancing operational efficiency and customer experience. With this momentum, we are confident of sustaining strong growth in the quarters ahead.”

Commenting on the Company’s performance, Mr. George Alexander Muthoot, Managing Director, said, “We had an impressive start to the year with our Standalone Loan Assets Under Management reaching a historic high of Rs. 1,20,031 crores, driven by robust 40% YoY growth in gold loan of Rs. 32,272 crores and a 10% QoQ increase of Rs. 10,238 crores. This growth is a testament to our three-pronged strategy to focus on disbursements, operational efficiency, and maintaining healthy margins. As a result, our Standalone Profit after Tax for Q1 FY26 grew by 90 % to reach Rs. 2,046 crores. These results reaffirm our leadership in the gold loan segment, supported by pan India branch network, strong brand equity, and deeper customer engagement. We are encouraged by the growing acceptance of gold loans as a reliable, accessible, and inclusive form of credit. Looking ahead, we are accelerating our efforts to digitally enable our gold loan offerings, making credit access faster, more seamless, and more inclusive. Our technology investments are already enhancing customer experience, reducing turnaround times, and strengthening operational efficiency. The recent RBI guidelines on gold loans will bring greater transparency and further streamline the lending process, while the recent interest rate cuts create a more favourable credit environment. With these supportive tailwinds, and our continued focus on innovation and service excellence, we are well-positioned to sustain strong growth through FY26 and beyond.”