Muthoot Finance Q4FY26 Results: PAT Jumps 135% YoY, AUM Crosses Rs 1.81 Lakh Crore

Muthoot Finance shares traded in a narrow range after the earnings announcement, touching an Intraday high of Rs 3,587 and a low of Rs 3,497.10 before closing at Rs 3,531.10, up 0.70 per cent for the session. Trading activity also remained healthy, with volume at 6.70 lakh shares compared to the 30-day average of 6.03 lakh shares.

Muthoot Finance Limited has delivered one of its strongest sets of numbers in its history, reporting record consolidated loan AUM, record consolidated profit after Tax, and historic YoY growth across both standalone and consolidated metrics for Q4FY26 and the full year FY26. The results were announced at a Board of Directors meeting held on May 14, 2026 in Kochi.

Muthoot Finance Q4FY26 Results
Muthoot Finance reported consolidated revenue from operations of Rs 92,887 crore in Q4FY26 as against Rs 56,217 crore reported in Q4FY25, registering a growth of around 65 per cent YoY. Consolidated total income stood at Rs 92,913 crore during the quarter compared to Rs 56,273 crore reported in the corresponding quarter previous year. Profit before tax came in at Rs 45,841 crore in Q4FY26 as against Rs 19,322 crore reported in Q4FY25, reflecting a growth of around 137 per cent YoY. Consolidated profit after tax stood at Rs 33,975 crore during Q4FY26 compared to Rs 14,439 crore reported in the year-ago quarter, registering a growth of around 135 per cent YoY.

Muthoot Finance FY26 Performance
For the financial year ended March 31, 2026, Muthoot Finance reported consolidated revenue from operations of Rs 3,12,092 crore as against Rs 2,02,141 crore reported in FY25, registering a growth of around 54 per cent YoY. The company reported consolidated total income of Rs 3,12,634 crore in FY26 compared to Rs 2,02,650 crore reported in the previous financial year. Profit before tax stood at Rs 1,43,048 crore during FY26 as against Rs 72,660 crore reported in FY25, reflecting a growth of around 97 per cent YoY. Consolidated profit after tax came in at Rs 1,06,067 crore in FY26 compared to Rs 53,523 crore reported in the previous financial year, registering a growth of around 98 per cent YoY.

Key Highlights FY26
Several milestones stand out from the full year. The group achieved the historic milestone of Rs 1.81 lakh crore in consolidated loan AUM and crossed Rs 10,000 crore in consolidated profit after tax in FY26. The group opened 177 new branches during the year, taking the total branch network to 7,568. Muthoot Finance is the only pure play gold loan NBFC in the upper layer NBFC classification of the Reserve Bank of India for four consecutive years.

On the recognition front, Muthoot Finance was certified as India's Most Trusted Financial Services Brand for the 10th year in a row by TRA's Brand Trust Report 2026. It was also certified as a Great Place to Work for the 5th consecutive year by the Great Place to Work Institute, and was recognised at the FICCI Women in Workforce Summit and Awards 2025 for initiatives in women's career development, mentorship, and capability building.

The board declared the highest ever Dividend on equity shares at 300 per cent on face value of Rs 10 each, amounting to Rs 30 per equity share for FY25-26. This marks the 14th consecutive year of dividend declaration since its IPO in 2011.

Subsidiary Performance

Belstar Microfinance opened 81 gold loan branches in FY26 to diversify its loan product portfolio, taking total branches to 1,312 as on FY26 against 1,281 on FY25. Collection efficiency improved by 0.69 per cent to 99.85 per cent in FY26 from 99.16 per cent in FY25. Disbursements grew 21 per cent YoY to Rs 7,583 crore in FY26 from Rs 6,013 crore in FY25. Insurance Corporate Agency income reached Rs 11.52 crore during the current quarter. The subsidiary also executed a Direct Assignment Transaction of its microfinance loan portfolio to the extent of Rs 593 crore.

Muthoot Homefin reported loan AUM of Rs 3,485 crore in FY26 against Rs 2,985 crore in FY25, a growth of approximately 17 per cent YoY. Loans disbursed stood at Rs 994 crore in FY26. Interest income grew approximately 36 per cent YoY to Rs 372 crore in FY26 from Rs 273 crore in FY25. Profit after tax stood at Rs 45 crore in FY26. GNPA stood at 2.63 per cent in FY26 versus 1.17 per cent in FY25, and NNPA at 1.94 per cent in FY26 versus 0.46 per cent in FY25, reflecting some stress in the affordable housing book that will need to be monitored in FY27.

Muthoot Money had a standout year. Loan AUM grew approximately 151 per cent YoY to Rs 9,794 crore in FY26 from Rs 3,903 crore in FY25. An equity share capital infusion of Rs 1,000 crore during FY26 increased the total capital base to Rs 2,357 crore. Total income grew approximately 201 per cent YoY to Rs 1,294 crore in FY26 from Rs 430 crore in FY25. Active customer base grew from 2.74 lakh in FY25 to 4.6 lakh in FY26. CRISIL upgraded Muthoot Money's credit rating to AA+/Stable from AA/Stable for long-term borrowings. Profit after tax for FY26 stood at Rs 338 crore against Rs 12 crore in FY25.

Management Commentary
George Jacob Muthoot, Chairman, said the company was glad to announce another year of remarkable growth and significant milestone achievement. He noted that consolidated loan AUM had crossed Rs 1,81,000 crore, growing 49 per cent YoY, and that consolidated PAT had increased 98 per cent YoY to Rs 10,607 crore. He added that FY27 is expected to be another year of disciplined growth and transformation, with new gold loan guidelines seen as a positive step for the industry that should accelerate formalisation of the gold loan sector by strengthening transparency, governance, and customer confidence in organised players. He expressed continued optimism about India's long-term structural growth story despite ongoing geopolitical shifts and global uncertainties.

Share your views in the comments below.

Disclaimer: This article is for informational purposes only and not investment advice.