MUTHOOTFINMuthoot Finance Ltd.
Muthoot Finance Q2 FY27 Results: Consolidated Net Profit ₹3,278 Crore on Total Income of ₹10,011 Crore
- Earnings
- NBFC gold loans
Reviewed byRachit TripathiBlacklitt Research
Muthoot Finance (NSE: MUTHOOTFIN) reported consolidated total income of ₹10,010.78 crore and net profit of ₹3,278.00 crore for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹8,841.92 crore and profit for the period was ₹2,976.63 crore. The results were in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹10,010.78 crore for the quarter
- Net profit and EPS: ₹3,278.00 crore, up 35.9% YoY; basic EPS ₹80.87
- Finance costs: ₹3,716.59 crore, up 44.5% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹8,841.92 crore, against ₹6,441.53 crore a year earlier; up 16.3% QoQ
- Profit for the period and EPS: ₹2,976.63 crore; basic EPS ₹74.14
- Finance costs: ₹3,364.64 crore, up 45.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 10,010.78 | 7,299.00 | +37.2% | 8,694.82 | +15.1% | |
| Revenue from operations | 9,997.77 | 7,282.79 | +37.3% | 8,671.61 | +15.3% |
| Other income | 13.01 | 16.21 | -19.7% | 23.21 | -43.9% |
| 3,278.00 | 2,411.66 | +35.9% | 2,824.84 | +16.0% | |
| Finance costs | 3,716.59 | 2,571.22 | +44.5% | 3,458.39 | +7.5% |
| Depreciation | 38.22 | 37.61 | +1.6% | 31.40 | +21.7% |
| Tax expense | 1,121.04 | 832.54 | +34.7% | 972.29 | +15.3% |
| Net profit margin | 32.74% | 33.04% | -0.30 pp | 32.49% | +0.26 pp |
| Tax as share of profit before tax | 25.5% | 25.7% | -0.18 pp | 25.6% | -0.12 pp |
| EPS, basic (₹) | 80.87 | 60.30 | +34.1% | 69.72 | +16.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit was ₹3,278.00 crore, up 35.9% from ₹2,411.66 crore in the year-earlier quarter. Revenue from operations was ₹9,997.77 crore and other income was ₹13.01 crore in the quarter.
Finance costs were ₹3,716.59 crore, up 44.5% from ₹2,571.22 crore a year earlier.
Profit for the period before non-controlling interests is ₹3,278.00 crore, of which ₹3,246.53 crore is attributable to owners of the parent. Basic EPS is ₹80.87, against ₹60.30 in the year-earlier quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 8,841.92 | 6,441.53 | +37.3% | 7,603.05 | +16.3% | |
| Revenue from operations | 8,834.35 | 6,432.24 | +37.3% | 7,588.85 | +16.4% |
| Other income | 7.57 | 9.29 | -18.5% | 14.20 | -46.7% |
| 2,976.63 | 2,345.17 | +26.9% | 2,550.48 | +16.7% | |
| Finance costs | 3,364.64 | 2,312.64 | +45.5% | 3,145.86 | +7.0% |
| Depreciation | 25.76 | 25.67 | +0.4% | 19.73 | +30.6% |
| Tax expense | 1,015.89 | 806.27 | +26.0% | 872.52 | +16.4% |
| Net profit margin | 33.66% | 36.41% | -2.74 pp | 33.55% | +0.12 pp |
| Tax as share of profit before tax | 25.4% | 25.6% | -0.14 pp | 25.5% | -0.05 pp |
| EPS, basic (₹) | 74.14 | 58.42 | +26.9% | 63.53 | +16.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit for the period in the standalone statement is ₹2,976.63 crore, against ₹2,345.17 crore a year earlier and ₹2,550.48 crore in the quarter before. Total income was ₹8,841.92 crore, against ₹6,441.53 crore a year earlier.
Finance costs were ₹3,364.64 crore, up 45.5% from ₹2,312.64 crore a year earlier. Tax expense was ₹1,015.89 crore, or 25.4% of profit before tax of ₹3,992.52 crore.
Other income was ₹7.57 crore, against ₹9.29 crore a year earlier.
Inference
The board approved the results for the quarter and half year ended 30 Sep 2026 on 31 Oct 2026. The joint statutory auditors draw attention, as an emphasis of matter, to a scheme of amalgamation of Muthoot Money Limited, a wholly owned subsidiary, with the company. The board approved the scheme on 31 Aug 2026; it is subject to sanction by the National Company Law Tribunal, Kochi Bench, and to approvals from the Reserve Bank of India, shareholders, creditors and other authorities.
The company declared an interim dividend of ₹30 per share for the year ended 31 Mar 2026 on 10 Apr 2026. Standalone net worth is ₹41,982.63 crore and the standalone capital adequacy ratio is 19.81%. The company states that secured non-convertible debentures aggregating ₹55,381.68 crore at principal value have full security cover.
The filing does not say why standalone impairment on financial instruments rose, or what the amalgamation will mean for reported results.
Filed with BSE on . Reference: Original filing (PDF)
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