Muthoot Finance (MUTHOOTFIN) Q3 25/26 earnings summary

Executive summary

• Achieved record consolidated loan AUM of ₹1,64,720 Crores, up 48% YoY for the nine months ended Dec 31, 2025, with standalone AUM reaching a historic INR 50,000 crore and gold loan AUM rising 50% YoY to ₹1,39,658 Crores.

• Consolidated profit after tax reached ₹7,209 Crores, an 84% YoY increase, with standalone profit after tax for nine months growing 91% YoY to INR 7,048 crore.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 12, 2026.

• Customer base remains diverse, with increased acceptance of gold loans as a credit solution.

• Interim dividend of Rs. 26 per share was declared for the year ended March 31, 2025.

Financial highlights

• Interest income for 9M FY26 was ₹2,13,623 million, up 50% YoY; total income reached ₹2,20,568 million, also up 50%.

• Standalone net profit after tax for Q3 FY26 was Rs. 26,564.22 million, compared to Rs. 13,630.90 million in Q3 FY25.

• Muthoot Home Loan AUM at INR 3,380 crore, up 24% YoY; revenue at INR 339 crore (+38%), PAT at INR 19 crore for nine months.

• Muthoot Money loan portfolio at INR 8,003 crore (up 168% YoY), revenue at INR 862 crore, PAT at INR 203 crore (vs. loss of INR 2 crore YoY).

• Consolidated total income for Q3 FY26 was Rs. 82,392.13 million, up from Rs. 52,216.86 million in Q3 FY25.

Outlook and guidance

• Management expects continued growth in gold loan business, supported by regulatory changes allowing easier branch expansion.

• Strong liquidity and capital adequacy (20.27%) provide headroom for further leveraging and growth.

• Digital initiatives and branch expansion are expected to drive further customer acquisition and operational efficiency.

• Guidance on loan growth to be updated in upcoming media interactions; management hints at growth above 36%.

• The company continues to monitor the impact of new labour codes and will adjust accounting as further clarifications are issued.