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Muthoot Finance posts sharp 87% surge in Q2 profit as gold loan portfolio expands
Muthoot Finance posted an 87% rise in Q2 profit to ₹2,345 crore, driven by strong gold loan AUM growth and stable credit performance.
Muthoot Finance reported a significant 87% year-on-year jump in Q2 net profit to ₹2,345 crore, supported by strong expansion in gold loan assets under management and stable lending operations. The company noted that gold loan demand remained resilient despite macro uncertainties, with improved disbursement trends and healthy customer retention. Analysts highlighted that Muthoot’s cost discipline and stable credit performance contributed further to profitability.
The management indicated continued traction across semi-urban and rural markets, reinforcing the company’s leadership in the gold financing segment.