Muthoot Finance FY26: AUM ₹1.65 lakh cr, PAT ₹7,209 cr

Company snapshot and business model

Muthoot Finance Limited is a non-banking finance company operating primarily through its Financing segment, with a smaller Power Generation segment also reported. The company operates under The Muthoot Group brand, which has interests spanning financial services, healthcare, education, plantations, real estate, foreign exchange, information technology, insurance distribution, and hospitality. Muthoot Finance’s core product is gold loans, offered to individuals and small businesses against gold jewellery. The customer proposition focuses on speed of disbursal and access to credit for borrowers who may not get timely formal credit. This positioning tends to link business momentum to gold-loan demand, branch throughput, and risk controls around collateral and auctions.

Registered office and contact details

Muthoot Finance’s registered office is listed at NH Bypass, Palarivattom, Ernakulam, Kochi, Kerala, Pin Code 682028. The telephone number mentioned is 0484-2394712. The document also lists a media or investor contact reference: Ankita Mitra (ankita.mitra@muthoot.com) and +91 9620997207.

Stock move: latest print and a separate results-day spike

On the price action cited, Muthoot Finance Ltd. share price moved up 0.41% from the previous close of Rs 3,419.20. The stock last traded at Rs 3,433.00 in that update.

Separately, the stock reaction to Q2 FY26 results was described as sharp, with Muthoot Finance rising 9.25% to Rs 3,705 after the company reported a strong year-on-year jump in consolidated profit and income for the September 2025 quarter. These two price points reflect different market moments: one a small move around Rs 3,433 and another a larger move on results at Rs 3,705.

Quarterly trend: total income and profit progression

Quarterly figures provided show a steady step-up from March 2025 through December 2025. Total income increased from ₹5,652.94 crore (Mar 2025) to ₹6,485.02 crore (Jun 2025), ₹7,332.59 crore (Sep 2025), and ₹8,239.21 crore (Dec 2025). Profit after tax (PAT) also moved higher across the same sequence: ₹1,477.68 crore (Mar 2025), ₹2,016.20 crore (Jun 2025), ₹2,420.63 crore (Sep 2025), and ₹2,804.03 crore (Dec 2025). EBIT margin percentages listed for these quarters were 71.53% (Mar 2025), 77.24% (Jun 2025), 79.31% (Sep 2025), and 81.82% (Dec 2025), indicating improving operating profitability in the reported series.

FY26 (9M, till Dec 2025): record AUM and profit metrics

Muthoot Finance reported its highest-ever consolidated Loan Assets Under Management (AUM) at ₹1,64,720 crore, representing 48% year-on-year growth. Consolidated PAT was reported at a record ₹7,209 crore, up 84% YoY, with the comparison also stated as ₹7,209 crore versus ₹3,908 crore last year.

On a standalone basis, Loan AUM was stated at ₹1,47,552 crore (51% YoY growth), while standalone PAT surged 91% YoY to ₹7,048 crore for the nine-month period. The standalone comparison provided was ₹7,048 crore in 9M FY26 versus ₹3,693 crore in 9M FY25. For Q3 FY26 specifically, standalone PAT was stated at ₹2,656 crore, up 95% YoY.

Q2 FY26 (Sep 2025): profit and income jump

For Q2 FY26, the update stated consolidated net profit jumped 90.4% to ₹2,420.63 crore on a 47.9% increase in total income to ₹7,332.59 crore. Profit before tax (PBT) climbed 80.1% YoY to ₹3,244.20 crore for the quarter ended September 2025.

On a standalone basis for Q2 FY26, Muthoot Finance reported PAT of ₹2,345 crore versus ₹1,251 crore in Q2 FY25, reflecting 87% growth. The same set of disclosures also included half-yearly numbers: consolidated net profit rose 82.2% to ₹4,436.83 crore on a 46.2% increase in total income to ₹13,817.61 crore in H1 FY26.

Q1 FY26: AUM and PAT growth reported

For Q1 FY26, Muthoot Finance reported Loan AUM grew 37% YoY to ₹1,33,938 crore compared with ₹98,048 crore in the prior year period. Profit after tax increased 65% YoY to ₹1,974 crore versus ₹1,196 crore last year, with the disclosure attributing growth to the core gold loan business. A separate highlight stated the standalone PAT for Q1 FY26 grew 90% YoY to ₹2,046 crore, described as the highest ever standalone profit after tax in any quarter.

FY25 and FY24 context: AUM and annual PAT milestones

For the year ended March 31, 2025, key performance highlights included consolidated Loan AUM of ₹1,22,181 crore (37% YoY increase) and standalone Loan AUM of ₹1,08,648 crore (43% YoY increase). Annual consolidated PAT was stated at ₹5,352 crore (20% YoY increase), while annual standalone PAT was stated at ₹5,201 crore (28% YoY increase).

For FY24, Muthoot Finance reported consolidated Loan AUM grew 25% YoY to ₹89,079 crore versus ₹71,497 crore in FY23, and consolidated PAT increased 22% YoY to ₹4,468 crore versus ₹3,670 crore. For Q4 FY24, standalone PAT was stated at ₹1,056 crore versus ₹903 crore in Q4 FY23.

Group update: Muthoot FinCorp figures mentioned separately

The dataset also includes performance details for Muthoot FinCorp Ltd. For FY 2025-26 (till December 2025), consolidated AUM was stated at ₹64,279.48 crore, consolidated PAT at ₹1,183.59 crore, and consolidated revenue at ₹7,871.83 crore. Standalone figures for the same period were AUM of ₹48,122.22 crore, PAT of ₹1,056.65 crore, and revenue of ₹5,733.01 crore.

For Q3 FY 2025-26, Muthoot FinCorp’s consolidated PAT was stated at ₹553.23 crore and revenue at ₹2,899.29 crore, with revenue up 23.26% YoY and PAT up 47.73% YoY versus Q3 FY 2024-25. A separate update stated Muthoot FinCorp’s net profit fell 20% in Q4 FY25 to ₹192 crore even as revenue from operations rose to ₹1,479 crore (from ₹1,197 crore in Q4 FY24), and AUM was reported at ₹32,055 crore (46% YoY).

Branch expansion note: permissions and timeline

One operational note referenced permission for 116 branches, with an expectation that it could take another four to five months to open the branches. While this is a limited disclosure, branch additions are relevant for a gold-loan lender because distribution density can influence customer acquisition and servicing throughput.

Key numbers at a glance

Market impact and why the numbers matter

The disclosures point to two drivers investors typically track closely in a gold-loan lender: (1) AUM expansion and (2) profit conversion as the book scales. For Muthoot Finance, the reported 9M FY26 consolidated AUM of ₹1,64,720 crore alongside consolidated PAT of ₹7,209 crore indicates a period of rapid balance sheet growth with strong profitability. The quarter-on-quarter rise in total income from ₹7,332.59 crore in Sep 2025 to ₹8,239.21 crore in Dec 2025 also supports the narrative of sustained momentum through FY26.

The market’s reaction described for Q2 FY26, with the stock rising 9.25% to Rs 3,705, aligns with the size of the year-on-year profit jump reported for that quarter. At the same time, the separate trading update showing a modest +0.41% move to Rs 3,433 suggests day-to-day moves can diverge from results-day reactions, depending on broader market conditions and expectations.

Conclusion

Muthoot Finance’s disclosed FY26-to-date numbers show record AUM and PAT, supported by rising quarterly income and profit through December 2025. Updates also referenced planned branch openings following permission for 116 branches, which could be an operational focus area over the next few months. Investors will likely track subsequent quarterly disclosures to see whether income growth, margins, and AUM expansion sustain at the pace shown in the FY26 (till December) updates.