Muthoot Finance Q2FY26 Results: Muthoot Finance delivered another robust performance in the July–September quarter of FY26, with profits and revenues showing strong double-digit growth. The gold loan financier posted a net profit of Rs 2,345 crore, marking a sharp rise of 87 per cent compared with the same period last year.
Total income for the quarter stood at Rs 6,461 crore, up 57 per cent year-on-year, supported by healthy loan growth and steady margins. Profit before tax increased 85 per cent to Rs 3,151 crore.
The company’s standalone loan book expanded strongly to Rs 1.32 lakh crore, reflecting a 47 per cent annual rise. Out of this, the gold loan portfolio alone touched Rs 1.25 lakh crore, up 45 per cent, underlining Muthoot Finance’s dominance in the gold-backed lending space.
Profitability ratios also showed healthy improvement. Return on average loans rose to 7.44 per cent, compared with 7.16 per cent in the previous quarter and 5.74 per cent a year ago. Return on average equity climbed to 30.61 per cent, against 28.28 per cent in Q1 FY26.
The book value per share increased to Rs 793.09, reflecting consistent growth in shareholder value. As of September 30, 2025, the lender operated 4,961 branches across the country, strengthening its distribution network.
Q1FY26 results highlights
During the first half of FY26, total income grew 55 per cent to Rs 12,181 crore, while net profit jumped 88 per cent to Rs 4,391 crore. Return on assets improved to 7.30 per cent, up from 5.58 per cent a year earlier.
Earnings per share (EPS) stood at Rs 109.39, supported by solid demand for gold loans and improved efficiency across business verticals including housing and microfinance.
Stock reaction
Shares of Muthoot Finance ended 2 per cent higher at Rs 3,395 on Thursday ahead of the results. Analysts believe the company’s steady performance, coupled with strong asset growth and improving returns, could keep investor sentiment positive in the near term.
With a well-diversified portfolio and continued strength in the gold loan segment, Muthoot Finance remains well-placed to sustain its growth trajectory through FY26 and beyond.
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