Muthoot Finance shares jump 10%, hitting record high on stellar Q1 numbers: Top takeaways

Muthoot Finance, India’s largest gold financing company in terms of loan portfolio, registered a standalone profit after tax (PAT) of ₹2,406 crore in Q1 FY26 as against ₹1,079 crore seen in Q1 FY25, an increase of 90% YoY.

Loan assets under management (AUM) stood at ₹1,20,031 crore in Q1 FY26 as compared to ₹84,324 crore in Q1 FY25, registering a growth of 42% YoY.

During the quarter, loan assets increased by ₹11,383 crore, registering a growth of 10%. Gold loan assets increased by ₹32,272 crore, registering a growth of 40% YoY.

Key highlights of the business performance

• Highest-ever consolidated loan AUM: 37% YoY increase at ₹ 1,33,938 crore;

• Highest-ever consolidated profit after tax in any quarter: 65% YoY increase at ₹ 1,974 crore;

• Highest-ever standalone loan AUM: 42% YoY increase at ₹1,20,031 crore;

• Highest-ever gold Loan AUM: 40% YoY increase at ₹1,13,194 crore;

• Highest-ever standalone profit after tax in any quarter: 90% YoY increase at ₹ 2,046 crore;

• Highest-ever average gold loan AUM per branch: ₹23.21 crore;

• Gold Loan disbursement to new customers: ₹6,355 crore to 4,45,481 customers;

• Highest-ever quantity of gold held as security in our lockers: 209 tonnes

Subsidiaries

• Increase in loan AUM: 41% YoY Increase at ₹ 3,096 crore;

• Increase in total revenue: 41% YoY Increase at ₹103 crore.

• Increase in loan AUM: 202% YoY Increase at ₹ 5,000 crore;

• Increase in total revenue: 255% YoY Increase at ₹ 213 crore;

• Increase in profit after tax: 3700% YoY Increase at ₹37 crore

Increase in loan AUM: 50% YoY increase at LKR 3,492 crore;

Increase in Profit After Tax: 57% YoY increase at LKR 18 crore;

Increase in Branch Network: 19% YoY increase at 101 branches

Management Commentary

George Jacob Muthoot, Chairman, said, “Muthoot Finance has begun FY26 with a strong footing, with our consolidated loan assets under management (AUM) reaching the highest-ever level of ₹1,33,938 crore and standalone loan assets under management (AUM) reaching the highest-ever level of ₹1,20,031 crore. 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 ₹1,449 crore to ₹4,879 crore and 40% growth in gold loan assets of Muthoot Finance from ₹80,922 crore to ₹1,13,194 crore."

The chairman added, "Consolidated profit after tax grew by 65% YoY to ₹1,974 crore, 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 the 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," the chairman said.