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Muthoot Finance Profit Jumps 87% in Q2 as Board Clears Rs 35,000 Crore NCD Plan

Management cited robust gold-loan demand driven by higher gold prices.

Overview

  • Standalone net profit rose to Rs 2,345 crore from Rs 1,251 crore a year earlier.
  • Net interest income increased 58.5% to Rs 3,992 crore on sustained momentum in gold loans.
  • Standalone loan AUM climbed about 47% year-on-year to roughly Rs 1,32,000 crore, with consolidated AUM at Rs 1,47,673 crore.
  • The board approved issuance of redeemable NCDs via private placement of up to Rs 35,000 crore and a Rs 500 crore investment in Muthoot Money.
  • Shares hit an intraday record of Rs 3,406.35 and closed higher, while management guided for around 15% loan growth in FY26.