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 ₹1,39,658 Crores and gold loan AUM rising 50% YoY.

• Consolidated profit after tax for nine months reached ₹7,209 Crores, up 84% YoY, with standalone PAT at ₹7,048 Crores, up 91% YoY.

• Subsidiaries in home loans, microfinance, insurance, and vehicle finance reported mixed results, with strong growth in some and losses in others.

• 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.

• 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, up from Rs. 13,630.90 million in Q3 FY25.

• Muthoot Home Loan AUM grew 24% YoY to ₹3,380 Crores; revenue up 38% to ₹339 Crores; PAT at ₹19 Crores.

• Muthoot Money loan portfolio up 168% YoY to ₹8,003 Crores; nine-month PAT at ₹203 Crores.

• Belstar Microfinance AUM at ₹7,911 Crores; Q3 PAT ₹51 Crores, but reported a loss of ₹1,086 million for 9M FY26.

Outlook and guidance

• Management expects continued strong growth in gold loan business, supported by regulatory changes and digital initiatives.

• Guidance on loan growth to be updated in upcoming public communications.

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