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Earnings Call Transcript

Muthoot Finance Earnings Call Transcript: Key Takeaways

Muthoot Finance posted robust 43% YoY loan growth but faced a significant 300 bps yield compression due to strategic pricing and high-base effect.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growthStandalone income grew 33% YoY; consolidated AUM up 43%.
MarginsYields compressed significantly to 17.93% from 20.76% QoQ.
Demand visibilityStrong demand for gold loans; non-gold subsidiaries showing momentum.
Management confidenceConfident but defensive regarding yield compression and competition.

Growth

AUM expanded 43% YoY; standalone PAT grew 25%. Growth was volume-led amid competitive yield pressures.

Outlook

Targeting 15% AUM growth for FY26-27 with yields stabilizing around 18-18.5%.

Risks

Major yield compression from 20.76% to 17.93%; intense competition from banks and NBFCs.

Last quarter's promises, checked

Delivered

  • Guided 15% AUM growth → delivered 43% (= BEAT)
  • Guided 150-200 branch expansion → delivered 177 (= BEAT)
  • Guided yield maintenance at 18.5-20% → delivered 20.76% (= BEAT)
Source

Earnings Call Transcript filed with NSE, NSE: MUTHOOTFIN. Summary written with AI assistance from the document.

Read the document ↗

Muthoot Finance Ltd: key numbers

Share price
₹2,835.00
Market cap
₹1,13,816 Cr
Revenue (annual)
₹31,209 Cr
Net profit (annual)
₹10,590 Cr
P/E (TTM)
10.0×Sector 22.0×
Promoter holding
73.35%+0.00% QoQ
FII holding
11.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
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Muthoot Finance announced the record date of 1 October 2026 for annual interest payment on its NCDs (ISIN INE414G07JR4), due 16 October 2026. This is a routine debt-servicing notice with no new capital event.

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