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Informist, Thursday, Nov. 13, 2025

--Muthoot Fin: Expect 30-35% growth in gold loan disbursals in FY26

--CONTEXT: Comments by Muthoot Fin's mgmt at analyst call post Q2 earnings 

--Muthoot Fin: Keen to explore external commercial loan mkt beyond bonds 

By Krity Ambey and Shubham Rana

NEW DELHI – After nearly doubling its net profit for two consecutive quarters, Muthoot Finance Ltd. raised its guidance for growth of gold loan disbursals in the current financial year to 30–35% from 15%, the non-banking finance company's management said Thursday after the financial results for the September quarter. The company's gold loan disbursals jumped 23% in the first half of 2025-26 (Apr-Mar).

The NBFC expects a boost to gold loan demand going ahead due to higher gold prices and tighter norms for unsecured credit, the management said at a call with analysts. "We will continue to expand our loan portfolio also, including the personal loan segment," the management said. 

Muthoot Finance's net profit galloped 87% on year to INR 23.45 billion in the September quarter as the company's revenue from operations climbed 56% on year to a record-high of INR 64.33 billion, according to its financial results released after market hours. Shares of the company closed 2% higher Thursday at INR 3,393 on the National Stock Exchange. 

In the coming quarter, the company is also interested in exploring the external loan market beyond bonds, according to the management. "There is also a larger ECB (External Commercial Borrowing) loan market which we will be keen to look at," the management said. 

The NBFC's external borrowing nearly tripled to INR 177.59 billion in the September quarter from INR 62.85 billion in the corresponding quarter a year ago. External borrowings were nearly 16% of Muthoot Finance's total borrowings in the latest quarter.  End

Edited by Akul Nishant Akhoury

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