Muthoot Finance Jan ’36

Mr. George Jacob Muthoot, Chairman, The Muthoot Group, said, “We are pleased to announce another quarter of robust performance, marked by significant milestones in our Loan Assets Under Management (AUM). Our Consolidated Loan AUM has reached a new landmark, crossing Rs. 1,64,000 crores, with the Standalone Loan AUM also exceeding Rs. 1,47,000 crores. The subsidiaries contribute a solid 12% to the Consolidated Loan AUM. This performance is underscored by our Consolidated Profit after Tax for 9M FY26, which saw an 84% year-on-year increase to Rs. 7,209 crores. This significant growth occurred amid a supportive domestic macroeconomic environment: the Union Budget 2026’s focus on fiscal consolidation has boosted confidence, while the RBI’s policy rate cuts and liquidity management have fostered a more accommodative credit landscape. Additionally, targeted GST rate reductions are playing a crucial role in supporting consumption, thereby driving incremental credit demand for households and small businesses. In this environment, our core business of secured gold loans has become increasingly relevant, offering customers timely and transparent liquidity. Higher gold prices have naturally enhanced customer borrowing capacity, while our disciplined underwriting continues to ensure strong portfolio resilience. This consistent performance over the quarters has been enabled by the Group’s vast operational network, comprising over 7,500 ready-to-serve branches and a dedicated team of 50,000+ employees.” Alongside strengthening our core gold loan business, we continue to selectively expand our presence across other lending segments in a calibrated manner. Our Microfinance vertical recorded strong recovery, reporting a profit of Rs. 51 Crores for Q3 FY26. This was driven by better underwriting practices following the implementation of guardrails. We remain committed to advancing financial inclusion by enabling responsible access to credit and creating long-term value for all stakeholders.”

Its standalone gold loan assets under management rose ⁠50% year-on-year, taking total AUM 50% higher to 1.63 trillion rupees. Total ​revenue from ​operations rose ​68.5% to 81.80 ‌billion rupees. Net interest margin or lending margins rose to 13.38% for the quarter from 12.77% in the previous quarter and 11.27% a year earlier. Analysts expected Indian gold ​loan financiers to ​see strong ​loan growth in March quarter ‌amid high prices for ​the precious ​meta. Earlier this month, smaller peer Manappuram Finance reported a bigger-than-expected ​profit helped ‌by strong gold-loan growth.