Consolidated Financial Performance

Muthoot Finance Ltd's Consolidated Loan Assets Under Management grew 42% YoY to ₹2,09,317 crores in H1 FY27 from ₹1,47,673 crores in H1 FY26. During the half year, Consolidated Loan AUM grew by ₹27,401 crores (15% growth). Consolidated Profit after tax for H1 FY27 increased to ₹6,103 crores from ₹4,386 crores last year, representing a 39% YoY increase.

Standalone Financial Performance (Muthoot Finance Ltd)

Standalone Loan AUM stood at ₹1,87,810 crores in H1 FY27 compared to ₹1,32,305 crores in H1 FY26, registering 42% YoY growth. During H1 FY27, Loan AUM increased by ₹24,984 crores (15% growth) and Gold Loan AUM increased by ₹24,872 crores (16% growth).

Standalone Profit after tax reached ₹5,527 crores in H1 FY27 versus ₹4,391 crores in H1 FY26, a 26% YoY increase. For Q2 FY27, PAT stood at ₹2,977 crores compared to ₹2,345 crores in Q2 FY26, a 27% YoY increase.

Key Financial Metrics (Standalone)

| Particulars | Q2 FY27 | Q1 FY27 | QoQ % | Q2 FY26 | YoY % | H1 FY27 | H1 FY26 | YoY % |

| Total Income | 8,842 | 7,603 | 16% | 6,442 | 37% | 16,445 | 12,153 | 35% |

| Profit Before Tax | 3,993 | 3,423 | 17% | 3,151 | 27% | 7,416 | 5,897 | 26% |

| Profit After Tax | 2,977 | 2,550 | 17% | 2,345 | 27% | 5,527 | 4,391 | 26% |

| EPS (Basic) (₹) | 74.14 | 63.53 | 17% | 58.42 | 27% | 137.67 | 109.39 | 26% |

| Loan Assets (₹ crores) | 1,87,810 | 1,72,053 | 9% | 1,32,305 | 42% | 1,87,810 | 1,32,305 | 42% |

| Branches | 5,230 | 5,029 | 4% | 4,967 | 5% | 5,230 | 4,967 | 5% |

Gold Loan Business Highlights

Consolidated Gold Loan AUM reached ₹1,93,212 crores as on September 30, 2026, with 46% YoY growth (₹61,214 crores increase). Standalone Gold Loan AUM stood at ₹1,78,956 crores, showing 43% YoY growth.

Business Metrics:

  • Average Gold Loan AUM Per Branch (Standalone): ₹34 crores
  • Gold Loan Disbursement to New Customers (Standalone): ₹20,238 crores to 9,93,900 customers
  • Quantity of Gold held as Security: Increased from 196 Tonnes to 204 Tonnes during H1
  • Number of Active Customers: Increased from 64 Lakhs to 69 Lakhs during H1
  • Average Loan Ticket Size: ₹1,55,591 (33% increase YoY)
  • Credit Losses: ₹188 crores (0.10% of Gross Loan AUM) vs ₹99 crores (0.06%) last year

Subsidiaries Performance

Muthoot Homefin (India) Ltd:

  • Loan AUM: ₹3,460 crores (7% YoY increase)
  • Total Revenue: ₹218 crores (2% YoY increase)
  • Profit After Tax: ₹11 crores (9% YoY increase)
  • Stage III Loan Assets: 2.50%

Belstar Microfinance Limited:

  • Loan AUM: ₹7,876 crores (2% YoY increase)
  • Total Revenue: ₹906 crores (8% YoY increase)
  • Profit Turnaround: Profit of ₹144 crores vs loss of ₹160 crores last year
  • GNPA: 3.26% (improved from 4.58%)
  • NNPA: 0.07% (improved from 0.26%)
  • Opened 82 new Gold Loan Branches in H1 FY27 (total 163 gold loan branches)
  • Gold Loan portfolio: ₹484 crores

Muthoot Money Ltd:

  • Loan AUM: ₹12,716 crores (99% YoY increase)
  • Total Revenue: ₹1,103 crores (120% YoY increase)
  • Profit After Tax: ₹364 crores (242% YoY increase)
  • Stage III Loan Assets: 1.14%

Asia Asset Finance PLC, Sri Lanka:

  • Loan AUM: LKR 5,394 crores (39% YoY increase)
  • Total Revenue: LKR 719 crores (63% YoY increase)
  • Profit After Tax: LKR 84 crores (110% YoY increase)
  • Successfully completed Rights Issue raising LKR 1.5 billion in September 2026

Management Changes

  • Shri. Alexander George Muthoot assumed office as Managing Director effective October 01, 2026
  • Shri. George Alexander Muthoot assumed office as Executive Vice-Chairman effective October 01, 2026
  • Shri. Eapen Alexander joined Board as Whole-Time Director effective October 01, 2026
  • Shri. K.R. Bijimon, Executive Director, elevated to Chief Executive Officer (CEO) effective October 01, 2026

Strategic Initiatives

  • Board approved merger of wholly-owned subsidiary Muthoot Money Limited into Muthoot Finance Limited, appointed date April 1, 2027 (subject to regulatory approvals)
  • Opened 336 new branches by the Group in H1 FY27 (Muthoot Finance: 262 branches, Muthoot Money: 13 branches)
  • Management revised gold loan growth guidance for FY27 upward by additional 10%

Management Commentary

Mr. George Alexander Muthoot, Executive Vice Chairman: "Muthoot Finance began FY27 with strong footing... Consolidated Loan AUM reaching highest ever level of ₹2,09,317 crores, an increase of 42% YoY. Our consolidated Profit after Tax grew by 39% YoY to ₹6,103 crores underpinned by healthy growth in our core gold loan business."

Mr. Alexander George Muthoot, Managing Director: "We are pleased to report another strong quarter of performance... Standalone Loan Assets Under Management reaching ₹1,87,810 crore, marking a 42% year-on-year and 9% quarter-on-quarter growth. We are also revising our gold loan growth guidance for FY27 upward by an additional 10%."

Financial Ratios (Standalone)

| Ratio | Q2 FY27 | Q1 FY27 | Q2 FY26 |

| Return on Average Loan assets | 6.62% | 6.09% | 7.44% |

| Return on Average Equity | 29.40% | 26.60% | 30.61% |

| Book Value Per Share (₹) | 1,046.49 | 970.70 | 793.09 |

| Capital Adequacy Ratio | 19.81% | 20.30% | 20.89% |

| Share Capital & Reserves (₹ crores) | 42,015 | 38,973 | 31,843 |

Employee Strength

  • Muthoot Finance Ltd: 32,233 employees (4% YoY increase)
  • Muthoot Homefin: 905 employees
  • Belstar Microfinance: 10,417 employees
  • Asia Asset Finance: 1,251 employees
  • Muthoot Money: 5,067 employees