Muthoot Finance533398Quarterly results

H1 FY27 results: Consolidated Loan AUM up 42% YoY to ₹ 2,09,317 Crores, Profit After Tax up 39% YoY

Unaudited H1 FY27 results (half year ended September 30, 2026).

By ScoutQuest · Mon 2 Nov 2026, 12:01 PM IST · 2 min read

Consolidated Loan AUM: ₹ 2,09,317 Crores, up 42% YoY
Consolidated Profit After Tax: ₹ 6,103 Crores, up 39% YoY
Consolidated Gold Loan AUM: ₹ 1,93,212 Crores

Headline numbers

Consolidated Loan AUM at ₹ 2,09,317 Crores, up 42% year on year.
Consolidated Profit After Tax at ₹ 6,103 Crores, up 39% year on year.
Standalone Loan AUM at ₹ 1,87,810 Crores, with standalone Profit After Tax at ₹ 5,527 Crores.
Consolidated Gold Loan AUM at ₹ 1,93,212 Crores.

Why gold loans matter here

Muthoot Finance describes itself as India's largest gold loan NBFC by loan portfolio. The release says the profit growth is underpinned by healthy growth in the core gold loan business, and that India's gold loan market offers growth opportunities on rising demand for secured credit and increasing formalisation of borrowing.

Group structure

The Board approved the merger of wholly-owned subsidiary Muthoot Money Limited into Muthoot Finance Limited, with appointed date April 1, 2027, subject to regulatory and other approvals. The company says the consolidation simplifies the group structure and unlocks combined operational and financial efficiencies.
Subsidiaries covered in the release include Muthoot Homefin (India) Ltd, Belstar Microfinance Limited, Muthoot Money Ltd, Muthoot Insurance Brokers Pvt. Ltd and Asia Asset Finance PLC, Sri Lanka.
Belstar Microfinance, the microfinance arm, reported a profit for the half year after a loss in the year-ago period, which the release calls a profit turnaround.

Leadership changes

Alexander George Muthoot assumed the office of Managing Director with effect from October 01, 2026.
George Alexander Muthoot assumed the office of Executive Vice-Chairman with effect from October 01, 2026.
Eapen Alexander joined the Board and was appointed Whole-Time Director, having previously served as Executive Director.
K.R. Bijimon, Executive Director, was elevated to Chief Executive Officer.

Guidance and regulation

The Managing Director's statement says the company is revising its gold loan growth guidance for FY27 upward by an additional 10%. It also refers to the RBI's updated gold lending guidelines effective April 1, 2026, which the company describes as a learning curve for itself and its customers that should stabilise over a few quarters.

What to keep in mind

These are unaudited results for the quarter and half year ended September 30, 2026, approved by the Board.
The merger is subject to regulatory and other approvals, so it is not completed; the appointed date is as stated in the release.
The growth percentages compare with the same period a year earlier, as stated in the release, and the release also uses quarter-on-quarter comparisons.

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