Muthoot Finance Q1 FY26: PAT up 65%, AUM +37%

The key update and why the market reacted

Muthoot Finance’s April-June quarter update triggered a sharp move in the stock after the company reported strong Q1 FY26 earnings and disclosed a sharp year-on-year increase in profit and loan assets under management (AUM). In early trade after the results, the stock hit a 10% upper circuit and touched ₹2,776 per share. Separate market updates also said the shares rose 11.4% on BSE to an all-time high of ₹2,797 per share, and were trading around ₹2,765.8 per share at 9:54 AM, up 10.16%.

The company’s regulatory filing for Q1 FY26 showed consolidated profit after tax (PAT) at ₹1,974 crore versus ₹1,196 crore in the same quarter last year, a 65% year-on-year rise. Total income rose to ₹6,485 crore from ₹4,492 crore, a 44% increase. Alongside profitability, Muthoot Finance reported that loan AUM rose to ₹1,33,938 crore in Q1 FY26 from ₹98,048 crore a year earlier, reflecting 37% year-on-year growth.

Q1 FY26 headline financials from the filing

The reported jump in profit came with a rise in expenses as well. Total expenses were reported at ₹38,310 crore in Q1 FY26, up from ₹28,467 crore a year ago, implying a 35% year-on-year increase. The company also reported interest income of ₹6,288 crore in Q1 FY26 versus ₹4,348.3 crore in the year-ago quarter, a 45% year-on-year rise.

Some reports described the quarter as a “beat across metrics” and cited the profit rise as about 65% year-on-year, aligning with the disclosed consolidated PAT numbers. The re-rating in the stock reflected how quickly the market repriced the earnings update, with the stock hitting the 10% upper circuit during the session.

Quarterly snapshot: operating line items (crore)

A separate quarterly results snapshot (noted as QoQ comparison) provided line-item detail for a quarter labelled “Jun 25” versus “Mar 26” and “Jun 24”. In that table, total revenue was shown at ₹6,379.32 crore for “Jun 25” compared with ₹9,228.54 crore in “Mar 26” and ₹4,443.78 crore in “Jun 24”. Net income was listed at ₹2,016.20 crore, while operating income was shown at ₹2,548.33 crore.

AUM expansion and gold-loan operating metrics

Beyond the consolidated loan AUM number of ₹1,33,938 crore, the company also highlighted “highest ever” standalone operating metrics in its Q1 FY26 disclosures. Standalone loan AUM was reported at ₹1,20,031 crore, up 42% year-on-year. Standalone gold loan AUM was reported at ₹1,13,194 crore, up 40% year-on-year.

The update also listed a “highest ever” average gold loan AUM per branch of ₹23.21 crore. For customer acquisition-linked disbursements, the company reported gold loan disbursement to new customers of ₹6,355 crore to 4,45,481 customers as of June 30, 2025. It also reported a “highest ever” quantity of gold held as security in lockers at 209 tonnes.

What the stock did after the results

The immediate market reaction was sharp. One update said the stock was pushed into a 10% upper circuit in early trade and touched ₹2,776 per share. Another said Muthoot Finance shares rose 11.4% on BSE to an all-time high of ₹2,797 per share, with the stock trading at ₹2,765.8 per share at 9:54 AM, up 10.16%.

The move was tied to the Q1 FY26 earnings disclosure and the increase in both profit and AUM. The combination of higher income (₹6,485 crore total income) and the scale-up in AUM (₹1,33,938 crore) was a central datapoint for investors tracking growth in gold loan-focused lenders.

Trading window closure and governance timeline

Separately, Muthoot Finance disclosed it had shut its trading window from June 30, 2026 until 48 hours after the announcement of its financial results for the quarter ended June 30, 2026. The company said the specific date for the Board Meeting to declare the financial results for the quarter ended June 30, 2026 will be intimated in due course. The disclosure cited compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s code of conduct.

The company also intimated stock exchanges of a Board of Directors meeting held on May 14, 2026 to consider and approve audited financial results for the quarter and year ended March 31, 2026, along with financial statements for the financial year ended March 31, 2026.

FY26 profitability disclosed in million and converted to crore

In a separate FY26 update, Muthoot Finance reported a 98% year-on-year surge in consolidated PAT to ₹106,069 million for FY26, while standalone PAT grew 95% to ₹101,341 million. Normalising these figures to ₹ crore (1 crore = 10 million), consolidated PAT is ₹10,606.9 crore and standalone PAT is ₹10,134.1 crore.

These FY26 numbers provide a wider profitability backdrop to the strong quarterly update, although the quarter-specific market reaction was driven by the Q1 FY26 results and near-term operating momentum.

Muthoot Microfin: AUM, disbursements, and liquidity buffer

Alongside Muthoot Finance, Muthoot Microfin Ltd also reported operating updates that moved its stock. The stock gained around 11% after the company reported an 18% year-on-year rise in AUM to ₹14,457 crore and a 49% year-on-year increase in Q1 disbursements to ₹2,645 crore. The company’s shares were reported at a day high of ₹234.70 per share, up 11% from the previous close of ₹211.45, and another update said the stock surged 7.42% to ₹227.15.

Muthoot Microfin reported collection efficiency of 97.97% in Q1 FY27, up from 96.43% in Q4 FY26 and also higher than the same quarter last year; another comparison in the text put collection efficiency at 93.00% in Q1 FY26. The company also reported a credit rating upgrade from CRISIL for long-term borrowings. As of June 30, 2026, it reported liquidity of ₹1,310 crore and unavailed sanctioned credit lines of ₹3,485 crore, and said it raised ₹2,664 crore during the quarter.

Key facts at a glance

What to watch next

For Muthoot Finance, investors will track the next board-meeting intimation for the quarter ended June 30, 2026, alongside the reopening of the trading window 48 hours after the results announcement. For Muthoot Microfin, the market focus remains on AUM expansion, disbursement momentum, collection efficiency, and the liquidity buffer reported as of June 30, 2026.

Across both stocks, the disclosed figures show how quarterly business updates and profit growth can translate into sharp, immediate price moves when the reported numbers signal acceleration in scale and operating performance.