Muthoot Q1 FY27: Microfin ₹670cr, Finance PAT +43%

Two Muthoot lenders report a strong June-quarter

Muthoot Microfin and Muthoot Finance reported higher year-on-year numbers for the quarter ended June 30, 2026 (Q1 FY27), supported by growth in assets under management (AUM) and improved operating metrics. Muthoot Microfin reported a rise in standalone revenue and profit, along with higher disbursements and better collections. Muthoot Finance, the group’s gold-loan focused lender, reported higher standalone profit and total income, as well as a sharp jump in consolidated profit.

Muthoot Microfin: revenue rises to ₹670 crore

Muthoot Microfin’s Q1 FY27 standalone revenue grew 19.6% year-on-year to ₹670 crore, compared with ₹560 crore in Q1 FY26. Standalone net profit rose to ₹8.1 crore from ₹6.2 crore, translating into a 30.6% year-on-year increase. The company’s update positioned the quarter as a positive print despite Q1 typically being seasonally slower for microfinance.

AUM grows 18% to ₹14,457 crore as of June 30, 2026

The company reported AUM of ₹14,457 crore as of June 30, 2026, up 18% year-on-year and 3% quarter-on-quarter. The portfolio mix also shifted, with the loan book split between Joint Liability Group (JLG) and non-JLG products at 76:24 as of June 30, 2026, compared with 83:17 as of March 31, 2026. This indicates a greater tilt towards non-JLG products over the quarter, as per the company’s disclosed mix.

Disbursements jump 49% to ₹2,645 crore

Muthoot Microfin’s disbursements for Q1 FY27 rose 49% year-on-year to ₹2,645 crore, helped by a lower base in the previous year. The company also disclosed that it raised ₹2,664 crore during the quarter to support future growth. In addition, it highlighted gold loan disbursements through a co-lending partnership with Muthoot Fincorp as part of its broader product activity.

Collection efficiency improves to 97.97% and digital collections rise

Operational indicators also improved in the quarter. Collection efficiency stood at 97.97% in Q1 FY27, improving by 497 basis points over Q1 FY26 and by 157 basis points versus Q4 FY26. Digital collections increased to 40% in Q1 FY27, compared with 23% in Q1 FY26 and 34% in Q4 FY26. These metrics were part of the company’s provisional business update for the quarter.

CRISIL upgrades rating to AA-, board approves fund-raising

During the quarter, CRISIL upgraded Muthoot Microfin’s long-term credit rating to CRISIL AA-/Stable from CRISIL A+/Positive. Separately, the company’s board approved raising up to ₹4,000 crore through non-convertible debentures (NCDs) and up to ₹500 crore via commercial papers during FY27.

Stock reaction and the scheduled earnings call

Following the provisional business update, Muthoot Microfin shares surged as much as 16% intraday on July 10, 2026, and touched a 52-week high, as reported. The company also scheduled its Q1 FY27 investor and analyst call for August 7, 2026 at 9:30 AM IST, after a board meeting on August 6, 2026 to approve the unaudited financial results.

Muthoot Finance: standalone profit at ₹2,550 crore, income at ₹7,603 crore

Muthoot Finance reported standalone net profit of ₹2,550.48 crore in Q1 FY27, up about 24.6% year-on-year from ₹2,046 crore. Standalone total income rose 33.1% year-on-year to ₹7,603.05 crore from ₹5,711 crore. The company also disclosed an improvement in asset quality sequentially, with Gross Stage III assets at 2.28% and Net Stage III assets at 1.99%.

Consolidated profit rises 43% to ₹2,824.84 crore

On a consolidated basis, Muthoot Finance reported profit after tax (PAT) of ₹2,824.84 crore in Q1 FY27, up 43.08% year-on-year from ₹1,974.24 crore. Consolidated revenue from operations increased 34.44% year-on-year to ₹8,671.60 crore from ₹6,450.13 crore. Interest income was ₹8,556.99 crore, up 36.08% year-on-year from ₹6,288.01 crore.

Record AUM and group business lines

Muthoot Finance reported consolidated loan AUM of ₹1,91,532 crore, up 43% year-on-year, while standalone AUM stood at ₹1,72,053 crore. Consolidated gold loan AUM increased 48% year-on-year to ₹1,75,527 crore. The company also reported that Muthoot Money’s loan AUM more than doubled to ₹10,550 crore, and Belstar Microfinance posted a quarterly profit of ₹66 crore.

Key numbers at a glance

Why these updates matter for investors tracking lenders

For Muthoot Microfin, the combination of higher AUM, faster disbursement growth, and improved collection efficiency provides a clearer picture of portfolio momentum entering FY27. The CRISIL upgrade to AA-/Stable is a notable development because credit ratings can influence borrowing costs and funding access, particularly for lenders expanding their loan books. The diversification in the loan portfolio mix from 83:17 to 76:24 (JLG:non-JLG) also signals a measurable shift in product composition.

For Muthoot Finance, the quarter’s numbers show strong year-on-year growth in profit and income, along with disclosed sequential improvement in Gross Stage III and Net Stage III assets. Consolidated AUM and gold loan AUM growth were also key data points, alongside the company’s reported net worth of ₹38,908.32 crore as of June 30, 2026 and EPS of ₹69.72 for Q1 FY27.

What to watch next

Muthoot Microfin’s analyst call on August 7, 2026 is expected to focus on the quarter’s unaudited financial results and operating performance following the board meeting on August 6, 2026. For Muthoot Finance, investors will continue tracking AUM trends, asset quality indicators such as Stage III ratios, and the trajectory of consolidated profitability after the June-quarter disclosures.