Muthoot Finance consolidated net profit rises 36 per cent in Q2
The gold loan company reported a consolidated net profit of Rs 3,278 crore for the July-September quarter.
Muthoot Finance reported a 36 per cent year-on-year increase in consolidated net profit to Rs 3,278 crore for the second quarter of FY27. This growth was supported by a 42 per cent expansion in consolidated assets under management (AUM), which reached Rs 2.09 lakh crore at the end of September.
On a standalone basis, the company's net profit rose 27 per cent to Rs 2,977 crore, up from Rs 2,345 crore in the same quarter last year. Standalone AUM grew 42 per cent to Rs 1.88 lakh crore, with gold loans accounting for Rs 1.79 lakh crore of that total.
The company's standalone gross non-performing assets ratio increased to 3.87 per cent at the end of September from 2.28 per cent three months prior. Additionally, impairment on financial instruments rose to Rs 515 crore from Rs 95 crore in the year-ago quarter.
Subsidiary Belstar Microfinance reported a net profit of Rs 78 crore for the quarter, compared to a loss of Rs 32 crore in the second quarter of FY26. Its gross NPA ratio fell to 3.26 per cent from 4.58 per cent a year ago.
Muthoot Money reported a profit after tax of Rs 191 crore for the quarter, up from Rs 69 crore in the previous year. The group's Sri Lankan subsidiary, Asia Asset Finance, reported a profit of Rs 12 crore, compared with Rs 6 crore a year earlier.