Q1 2026 Muthoot Finance Ltd Earnings Call Transcript

Aug 13, 2025 / 11:30AM GMT

Release Date Price: ₹2510.75 (-1.03%)

Transcript

Key Points

Positve

Muthoot Finance Ltd (BOM:533398) reported a record standalone loan assets under management of INR1,20,031 crores, driven by a robust 40% year-on-year growth in gold loans.
The company's standalone profit after tax for the quarter grew by 90% to reach INR2,046 crores.
Muthoot Finance Ltd has crossed the market capitalization of INR1 trillion and opened 22 new branches.
The company is accelerating efforts to digitally enable gold loan offerings, enhancing customer experience and operational efficiency.
Subsidiaries like Belstar Microfinance and Muthoot Home Finance are performing well, with significant growth in loan assets under management.

Negative

The yield expansion was partly due to exceptional income from NPA recoveries and ARC sales, which may not be sustainable.
Sequential customer addition growth has slowed down to 1.4% from previous quarters.
There is competitive pressure in the gold loan market, with other players potentially reducing rates.
The GNPA for Muthoot Money increased to 0.96% in Q1.
The company's non-gold loan portfolio, although growing, still faces challenges with asset quality and NPAs.

Operator

Ladies and gentlemen, good day, and welcome to the Muthoot Finance Q1 FY26 Earnings Conference Call hosted by Elara Securities India Private Limited. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Ms. Shweta Daptardar from Elara Securities India Private Limited. Thank you and over to you, ma'am.

Shweta Daptardar;India;Pvt Ltd;Equity Analyst

Elara Securities

()-

Thank you, Anushka. Good evening, everyone. On behalf of Elara Securities, we welcome you all to Q1 FY26 Earnings Conference Call of Muthoot Finance. From the esteemed management, we have with us today Mr. George Alexander Muthoot, Managing Director, Mr. Alexander George, Whole-Time Director; Mr. George M. Alexander, Whole-time Director; Mr. George M. George, Whole-Time Director; Mr. George M. Jacob, Whole-Time Director; Mr. Eapen Alexander, Executive Director; Mr. K.R. Bijimon, Executive Director; Mr. Oommen K. Mammen, Chief Financial Officer.

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