Muthoot Finance (MUTHOOTFIN) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated loan AUM of ₹1,22,181 Cr, up 37% YoY; standalone loan AUM at ₹1,08,648 Cr, up 43% YoY.

• Consolidated profit after tax reached ₹5,362 Cr, up 20% YoY; standalone PAT at ₹5,201 Cr, up 28% YoY.

• Gold loan AUM crossed ₹1,02,956 Cr, a 41% YoY increase; gold held as security at 208 tonnes, up 11% YoY.

• Highest ever dividend declared at ₹26/share (260% of face value).

• S&P and Moody’s upgraded international credit ratings to BB+/Ba1 with stable outlook.

Financial highlights

• Standalone total income for FY25: ₹1,71,560 Cr (up 35% YoY); consolidated total income: ₹2,03,245 Cr (up 34% YoY).

• Net interest margin at 11.45%; return on average loan assets at 5.81%.

• Book value per share at ₹708.26; EPS (basic) for FY25 at ₹132.84.

• Capital adequacy ratio at 23.71%, well above regulatory requirements.

• Dividend payout ratio at 20%; total dividend payout ₹10,438 million.

Outlook and guidance

• Maintains conservative growth guidance of 15% YoY for gold loan AUM, despite 41% growth last year.

• Focus on leveraging digital initiatives and analytics to drive growth and operational efficiency.

• Plans to increase leverage to improve ROE, supported by strong liquidity and high credit ratings.

• Continued expansion in Tier II/III cities and cross-selling to gold loan customers.

• Will reassess guidance after Q2 if needed.