Muthoot Finance (MUTHOOTFIN) Q1 26/27 earnings summary

Executive summary

• Consolidated loan AUM grew 43% year-over-year to INR 191,532 crores (₹1,915,318 Mn) as of June 30, 2026, with sequential growth of 5-6%.

• Consolidated profit after tax for Q1 FY 2027 rose 43% year-over-year to INR 2,825 crores (₹28,248 Mn).

• Standalone AUM increased 43% year-over-year to INR 172,053 crores; standalone PAT grew 25% to INR 2,550 crores.

• Gold loan AUM grew 44% year-over-year to INR 163,298 crores.

• Branch network expanded by 86 new branches, totaling 7,654 locations, serving 6.58 million active customers.

Financial highlights

• Standalone total income for Q1 FY27 was INR 7,603 crores, up 33% year-over-year.

• Standalone return on average assets was 6.09%; return on average equity was 26.6%.

• Capital adequacy ratio stood at 20.3% as of June 30, 2026.

• Earnings per share (basic) stood at ₹63.53 for Q1 FY27, up 25% YoY.

• Net interest margin for Q1 FY 2027 was 12.15%.

Outlook and guidance

• Management expects continued robust AUM growth, with guidance to be revised next quarter.

• Yield on gold loans is expected to stabilize around 18%-18.5% going forward.

• Gold loan market in India projected to grow at 33–36% year-over-year, with significant untapped potential.

• Expansion into underserved geographies and digital transformation expected to drive future growth.

• AUM growth guidance remains at 15% for FY 2027, with potential revision after half-year results.