Muthoot Finance533398Quarterly results
Board approves Sept 2026 quarter results; auditors flag amalgamation scheme in emphasis of matter
Board meeting on October 31, 2026 approved the limited reviewed standalone and consolidated results for the quarter and half year ended September 30, 2026, and the security cover disclosure for the quarter.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 99,977.69 | 72,827.90 | +37.3% | 86,716.02 | +15.3% |
| Total income | 100,107.83 | 72,989.97 | +37.2% | 86,948.16 | +15.1% |
| Profit before tax | 43,990.38 | 32,442.00 | +35.6% | 37,971.29 | +15.9% |
| Profit after tax | 32,780.02 | 24,116.59 | +35.9% | 28,248.40 | +16% |
| Total comprehensive income | 33,473.49 | 24,558.78 | +36.3% | 26,988.94 | +24% |
| Basic EPS | 80.87 | 60.30 | +34.1% | 69.72 | +16% |
- Total income (latest)
- 100,107.83 million (+37.2% YoY, +15.1% QoQ)
- Profit after tax (latest)
- 32,780.02 million (+35.9% YoY, +16% QoQ)
- Period
- September 30, 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: Board on August 31, 2026 approved Scheme of Amalgamation of Muthoot Money Limited (wholly owned subsidiary) with the Company, subject to NCLT Kochi Bench, RBI and other approvals.
- Other matter: interim results of 7 subsidiaries (total assets Rs. 1,94,038.47 million) were reviewed by other auditors; conclusion not modified.
Notes to the results
- Scheme of amalgamation of Muthoot Money Limited (wholly owned subsidiary) with the Company approved by the Board on August 31, 2026; subject to sanction of Hon'ble NCLT, Kochi Bench, RBI and other approvals.
Board meeting outcome — what was decided
- The Board met on October 31, 2026 and approved the limited reviewed standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- It also approved the disclosure of security cover for the quarter ended September 30, 2026.
- The Audit Committee reviewed the results at its meeting held on October 30, 2026.
Auditor's review conclusion
The joint statutory auditors, Krishnamoorthy & Krishnamoorthy and P S D Y & Associates, carried out a limited review, which gives less assurance than a full audit; they state they have not performed an audit and do not express an audit opinion. Their conclusion is unmodified — nothing came to their attention that causes them to believe the statement was not prepared in line with Ind AS 34 and the listing requirements.
Emphasis of Matter
- The auditors draw attention to Note 4, on the scheme of amalgamation amongst Muthoot Money Limited (a wholly owned subsidiary), the Company and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013, approved by the Board on August 31, 2026.
- The scheme is subject to the sanction of the Hon'ble National Company Law Tribunal, Kochi Bench, and receipt of necessary approvals from the Reserve Bank of India, shareholders, creditors and other regulatory authorities, as applicable.
- The auditors' conclusion is not modified in respect of this matter, so it is a pointer for the reader rather than a change in the review opinion.
Key standalone numbers — quarter ended September 30, 2026
Figures are as printed, in millions.
- Total income: Rs. 88,419.22 million
- Profit for the period: Rs. 29,766.29 million, compared with Rs. 23,451.20 million in the quarter ended September 30, 2025
- Basic earnings per share: Rs. 74.14
Half year ended September 30, 2026 (standalone)
- Profit for the period: Rs. 55,271.05 million
Balance sheet (standalone) as at September 30, 2026
- Total assets: Rs. 21,06,470.99 million
Other disclosures in the notes
- Security cover: the company states it has maintained requisite full security cover for its secured listed non-convertible debentures aggregating Rs. 553,816.78 million at principal value, by way of mortgage of immovable property and/or pari-passu floating charge on current assets, book debts, loans and advances and receivables including gold loan receivables.
- Dividend: the company declared an interim dividend of Rs. 30 per share for the year ended March 31, 2026 on April 10, 2026.
What this means for a retail reader
- This is the quarterly results package: the board has approved numbers that the joint statutory auditors have reviewed, with an unmodified conclusion.
- The merger of the wholly owned subsidiary into the company is the one item the auditors have flagged for attention; it still needs tribunal and regulatory approvals, so it is a process in motion rather than a completed step.
- The figures quoted here come from the standalone statement and are printed in millions, so read them with that unit in mind.
99,977.69 (Rs. in Millions)Revenue from operations, latest quarter
Total income, year-ago quarter72,989.97 (Rs. in Millions)
Total comprehensive income, quarter26,988.94 (Rs. in Millions)
Rs. 29,766.29 million+26.9%
2025Rs. 23,451.20 million2026Rs. 29,766.29 million
Also from Muthoot Finance
Muthoot Finance shares gained after strong September quarter results, with consolidated net profit up 27% and net interest income up 34% year-on-year
2 Nov 2026
H1 FY27 results: Consolidated Loan AUM up 42% YoY to ₹ 2,09,317 Crores, Profit After Tax up 39% YoY
2 Nov 2026
Muthoot Finance beat Q2 estimates with AUM growth of 42% and strong profitability led by secured credit demand
2 Nov 2026
More numbers
- Standalone Total income, quarter ended September 30, 2026Rs. 88,419.22 million
- Standalone Profit for the period, quarter ended September 30, 2026Rs. 29,766.29 million
- Standalone Profit for the period, quarter ended September 30, 2025Rs. 23,451.20 million
- Standalone Profit for the period, half year ended September 30, 2026Rs. 55,271.05 million
- Basic earnings per share, quarterRs. 74.14
- Total assets as at September 30, 2026 (standalone)Rs. 21,06,470.99 million
- Secured listed non-convertible debentures, principal valueRs. 553,816.78 million
- Interim dividend declared per share for year ended March 31, 2026Rs. 30 per share
- Total income, latest quarter100,107.83 (Rs. in Millions)
- Total income, year-ago quarter72,989.97 (Rs. in Millions)
- Total income, previous quarter86,948.16 (Rs. in Millions)
- Total comprehensive income, latest quarter33,473.49 (Rs. in Millions)
- Total comprehensive income, year-ago quarter24,558.78 (Rs. in Millions)
- Total comprehensive income, previous quarter26,988.94 (Rs. in Millions)
- Profit after tax, latest quarter32,780.02 (Rs. in Millions)
- Profit after tax, year-ago quarter24,116.59 (Rs. in Millions)
- Profit after tax, previous quarter28,248.40 (Rs. in Millions)
- Revenue from operations, latest quarter99,977.69 (Rs. in Millions)
- Revenue from operations, year-ago quarter72,827.90 (Rs. in Millions)
- Revenue from operations, previous quarter86,716.02 (Rs. in Millions)
- Profit before tax, latest quarter43,990.38 (Rs. in Millions)
- Profit before tax, year-ago quarter32,442.00 (Rs. in Millions)
- Profit before tax, previous quarter37,971.29 (Rs. in Millions)
Source: BSE · 2 Nov 2026
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