Muthoot Finance quarterly profit rises 27%, beating analyst estimates
According to TradingView, Muthoot Finance posted 2,978 crore in net profit for the quarter, up 27% year on year and above the CNBC-TV18 poll estimate.
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what happened
Muthoot Finance reported that net profit for the second quarter of FY27 rose 27% from a year earlier, to 2,978 crore from 2,345 crore. The figure beat the CNBC-TV18 poll estimate of 2,950 crore. Net interest income climbed 34.4% to 5,365 crore, compared with the 4,525 crore the poll had expected.
For the half year ended September 30, 2026, consolidated gold loan assets under management grew 46% to 193,212 crore, and consolidated profit after tax rose 39% to 6,103 crore. The company also lifted its FY27 gold loan growth guidance by an additional 10%.
Managing Director Alexander George Muthoot linked the revised outlook to the RBI's gold lending rules effective April 1, 2026, and said the adjustment will take several quarters. The shares closed 3.54% lower on the NSE on October 30, at 2,408.60 rupees.
why it matters
The key point for markets is that growth is still driven by gold loans despite new RBI rules. The planned merger with subsidiary Muthoot Money, with April 1, 2027 as the appointed date, aims to simplify the group but still needs regulatory approval.
market impact
Muthoot Finance shares: results above expectations support the stock
- Muthoot Finance shares pressure up — profit and interest income ahead of market estimates
tags
instruments
sources
- Muthoot Finance Q2: Net profit rises 27% to ₹2,978 crore, NII up 34%; beats estimates — TradingView, 31 October 2026 at 10:23 UTC
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