News ArticleMuthoot Finance Reports 42% YoY Growth in Consolidated Loan Assets and 39% Rise in Profit After Tax for H1 FY27
Standalone loan assets increase 42%, consolidated gold loan assets grow 46% as subsidiary businesses contribute to performance
Muthoot Finance Limited announced strong unaudited financial results for the half year ended September 30, 2026, including a 42% year-on-year increase in consolidated loan assets under management to ₹2,09,317 crores and a 39% year-on-year rise in consolidated profit after tax to ₹6,103 crores. The standalone loan assets and profit also recorded significant growth, supported by robust gold loan performance and subsidiary contributions.
Muthoot Finance Limited
General / Other
Muthoot Finance Limited posted robust unaudited financial results for the half year ended September 30, 2026, with consolidated loan assets under management growing 42% year-on-year to ₹2,09,317 crores and consolidated profit after tax rising 39% year-on-year to ₹6,103 crores.
The standalone loan assets under management grew 42% year-on-year to ₹1,87,810 crores, while standalone profit after tax increased 26% to ₹5,527 crores for the same period.
Consolidated gold loan assets under management reached ₹1,93,212 crores, marking a 46% year-on-year increase, supported by gold loan disbursements of ₹20,238 crores to nearly 9.94 lakh new customers.
Active customers increased from 64 lakh to 69 lakh and the quantity of gold held as security rose from 196 tonnes to 204 tonnes during the half year.
Subsidiaries also showed positive performance: Muthoot Money Ltd nearly doubled loan assets to ₹12,716 crores and tripled profit after tax to ₹364 crores, while Belstar Microfinance Limited reported a profit turnaround to ₹144 crores from a loss the previous year with improved collection efficiency.
Key management changes include Alexander George Muthoot appointed as Managing Director and George Alexander Muthoot as Executive Vice-Chairman, effective October 1, 2026.
Highlights
- Consolidated loan assets under management rose 42% year-on-year to ₹2,09,317 crores as of September 30, 2026.
- Consolidated profit after tax increased 39% year-on-year to ₹6,103 crores in H1 FY27.
- Standalone gold loan assets grew 43% year-on-year to ₹1,78,956 crores.
- Muthoot Money Ltd reported a 99% year-on-year increase in loan assets and 242% increase in profit after tax.
- Belstar Microfinance made a profit of ₹144 crores after a loss of ₹160 crores the previous year.
- The Board approved the merger of wholly-owned subsidiary Muthoot Money Limited into Muthoot Finance Limited, effective April 1, 2027, subject to approvals.
Key Data Snapshot
What happened
- Muthoot Finance Limited reported unaudited financial results for the half year ended September 30, 2026.
- Consolidated loan assets under management grew 42% year-on-year to ₹2,09,317 crores.
- Consolidated profit after tax rose 39% year-on-year to ₹6,103 crores.
- Standalone loan assets and profit after tax also showed strong growth.
- Significant increase in consolidated and standalone gold loan assets under management.
Key details
- Standalone gold loan assets under management reached ₹1,78,956 crores, up 43% year-on-year.
- Gold loan disbursement to new customers amounted to ₹20,238 crores to 9,93,900 customers.
- Number of active customers increased to 69 lakhs from 64 lakhs.
- Quantity of gold held as security increased from 196 tonnes to 204 tonnes over the half year.
- 336 new branches opened across the group in H1 FY27.
Financial performance
- Muthoot Money Ltd reported nearly 99% year-on-year growth in loan assets to ₹12,716 crores.
- Muthoot Money Ltd profit after tax increased 242% to ₹364 crores.
- Belstar Microfinance Limited recorded a profit turnaround of ₹144 crores from a prior loss of ₹160 crores.
- Belstar's collection efficiency improved to 99.61% from 99.25%.
- Muthoot Homefin (India) Ltd's loan assets grew 7% year-on-year to ₹3,460 crores with profit after tax up 9% to ₹11 crores.
Management commentary
- Alexander George Muthoot assumed office of Managing Director on October 1, 2026.
- George Alexander Muthoot appointed Executive Vice-Chairman from October 1, 2026.
- Eapen Alexander joined the Board as Whole-Time Director effective October 1, 2026.
- K.R. Bijimon elevated to CEO effective October 1, 2026.
- Board approved merger of Muthoot Money Limited into Muthoot Finance Limited effective April 1, 2027, pending approvals.
Strategic context
- Merger of Muthoot Money Limited aims to simplify group structure and unlock operational and financial efficiencies.
- Gold loan market in India continues to offer significant growth opportunities due to rising demand for secured credit.
- Subsidiaries contribute 12% to consolidated loan assets under management.
- Expansion of gold loan branches supports balanced asset mix and portfolio resilience.
Highlights
- Consolidated loan assets under management rose 42% year-on-year to ₹2,09,317 crores as of September 30, 2026.
- Consolidated profit after tax increased 39% year-on-year to ₹6,103 crores in H1 FY27.
- Standalone gold loan assets grew 43% year-on-year to ₹1,78,956 crores.
- Muthoot Money Ltd reported a 99% year-on-year increase in loan assets and 242% increase in profit after tax.
- Belstar Microfinance made a profit of ₹144 crores after a loss of ₹160 crores the previous year.
- The Board approved the merger of wholly-owned subsidiary Muthoot Money Limited into Muthoot Finance Limited, effective April 1, 2027, subject to approvals.
Disclosures
- SEBI Listing Obligations and Disclosure Requirements
Source Information
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