Muthoot Finance (MUTHOOTFIN) Q3 24/25 earnings summary

Executive summary

• Consolidated loan AUM reached ₹1,11,308 Cr, up 34% YoY for 9M FY25, with a 7% sequential increase in Q3.

• Consolidated PAT for 9M FY25 rose 19% YoY to ₹3,908 Cr; Q3 PAT increased 21% YoY to ₹1,392 Cr.

• Standalone AUM grew 37% YoY to ₹97,487 Cr, with gold loan AUM up 34% YoY to ₹92,964 Cr.

• Board approved unaudited financial results for Q3 and 9M FY25 and authorized fund raising up to ₹210,635 million via NCDs.

• Branch network expanded to 7,340, serving over 200,000 customers daily.

Financial highlights

• Consolidated total income for 9M FY25 was ₹146,716 Mn, up from ₹109,833 Mn YoY; standalone income for Q3 FY25 was ₹44,312 Mn.

• Standalone net profit for 9M FY25 was ₹36,929 Mn, up from ₹29,934 Mn YoY; consolidated net profit for 9M FY25 was ₹39,084 Mn.

• EPS (basic/diluted) for 9M FY25 at ₹96.03, up 21% YoY; book value per share at ₹672.47 as of Dec 2024.

• Capital adequacy ratio at 25.11% as of Dec 2024, well above regulatory requirements.

• Employee expenses increased due to business growth and annual bonuses.

Outlook and guidance

• FY 2026 loan growth guidance is set at 15%, to be revisited after the next quarter.

• Board approved fund raising up to ₹210,635 million via NCDs.

• Focus remains on gold loans, digital initiatives, and expanding rural/semi-urban reach.

• Ample headroom for leveraging and further growth, supported by strong capital base.

• Cautious approach is being maintained mainly for the microfinance business.