Muthoot Finance LimitedQ1 FY27 Results & Financial Update
Muthoot Finance Limited: Q1 FY27 consolidated results and company financials – revenue ₹8,671.60 Cr, PAT ₹2,824.84 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Muthoot Finance Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the quarter ended 30 June 2026 (Q1 FY27), Muthoot Finance reported a consolidated total income of INR 8,694.816 crore, with revenue from operations reaching INR 8,671.602 crore.
Interest income formed the core of the top line at INR 8,556.992 crore, while other income contributed INR 23.214 crore to the quarterly tally.
The company recorded a profit before tax (PBT) of INR 3,797.129 crore for the quarter after accounting for total finance costs of INR 3,458.390 crore.
Income tax expense for the period stood at INR 972.289 crore, leaving a consolidated profit after tax (PAT) of INR 2,824.840 crore.
Basic and diluted earnings per share (EPS) for the quarter settled at INR 69.72, reflecting robust earnings power across the consolidated enterprise.
Depreciation and amortization expenses for Q1 FY27 were contained at INR 31.398 crore, supporting overall operating margins.
Muthoot Finance reported its financial results for the quarter ended June 30, 2026, delivering consolidated revenue from operations of INR 8,671.60 crore.
Total income for Q1 FY27 stood at INR 8,694.82 crore, supported by interest income of INR 8,556.99 crore and other income of INR 23.21 crore.
01 · Business model
What does Muthoot Finance do?
Muthoot Finance Limited operates primarily as a non-banking financial company (NBFC) specializing in gold loans, serving individuals and small business owners who require rapid access to secured credit against household gold jewelry.
The company generates the overwhelming share of its top line through interest income earned on its extensive loan portfolio, supported by supplementary streams of other operating income and total income generated across its operating subsidiaries.
Its operating model relies on a dense branch network across India that facilitates immediate valuation, safe custody, and disbursement against gold collateral, allowing quick turnaround times for underbanked or unbanked borrowers.
Consolidated operations capture both core gold financing activities through the flagship parent entity and diverse financial services offered via specialized group subsidiaries spanning home finance, microfinance, and insurance broking.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Total income | ₹8,694.82 Cr |
| Interest income | ₹8,556.99 Cr |
| Other income | ₹23.21 Cr |
| Profit before tax | ₹3,797.13 Cr |
| Profit after tax | ₹2,824.84 Cr |
| EPS | ₹69.72 |
03 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest income constituted the vast majority of operating inflows, reaching INR 8,556.992 crore for the quarter ended 30 June 2026.
Other income added INR 23.214 crore, bringing total consolidated income to INR 8,694.816 crore alongside core lending inflows.
Interest income formed the core revenue engine for the quarter, contributing INR 8,556.99 crore to the consolidated total.
Other income contributed INR 23.21 crore to total income during Q1 FY27.
Total revenue from operations reached INR 8,671.60 crore, while total income stood at INR 8,694.82 crore.
NIM, spread, funding cost and credit cost
Borrowing and finance costs absorbed INR 3,458.390 crore during the quarter, representing a major operational outgo against interest income.
Tax provisions amounted to INR 972.289 crore against a pre-tax profit of INR 3,797.129 crore, resulting in an effective tax rate typical of the operating scale.
Depreciation and amortization expenses remained modest at INR 31.398 crore, exerting minimal pressure on bottom-line conversion.
Finance costs stood at INR 3,458.39 crore for the quarter, representing the primary expenditure item impacting net interest spreads.
Depreciation and amortisation expenses were reported at INR 31.40 crore for Q1 FY27.
Tax expenses for the quarter amounted to INR 972.29 crore, translating to an effective tax charge relative to pre-tax profits.
04 · Reported developments
What changed operationally
Reported a consolidated profit after tax of INR 2,824.84 crore alongside a PBT of INR 3,797.13 crore for Q1 FY27.
05 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Capital allocation & funding
The company incurred INR 3,458.390 crore in finance costs during Q1 FY27 to service its borrowings and support loan book liquidity.
The company incurred finance costs of INR 3,458.39 crore during the quarter to service its borrowings and debt obligations that fund the lending portfolio.
06 · Key Q&A
The quarter, answered directly
What does Muthoot Finance do?
Muthoot Finance Limited operates primarily as a non-banking financial company (NBFC) specializing in gold loans, serving individuals and small business owners who require rapid access to secured credit against household gold jewelry.
What is the clearest takeaway from Q1 FY27?
For the quarter ended 30 June 2026 (Q1 FY27), Muthoot Finance reported a consolidated total income of INR 8,694.816 crore, with revenue from operations reaching INR 8,671.602 crore.
What drove earnings or loan-book movement?
Interest income constituted the vast majority of operating inflows, reaching INR 8,556.992 crore for the quarter ended 30 June 2026.
What mattered most for margins, funding or credit cost?
Borrowing and finance costs absorbed INR 3,458.390 crore during the quarter, representing a major operational outgo against interest income.
What should the next disclosure help confirm?
Track upcoming exchange disclosures for sequential loan book expansion, asset quality metrics, and branch additions in subsequent quarters of FY27.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Filings: Track upcoming exchange disclosures for sequential loan book expansion, asset quality metrics, and branch additions in subsequent quarters of FY27.
- 02
Subsequent Quarterly Filings: Track upcoming financial disclosures for loan book expansion, asset quality metrics, and cost of funds progression.
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