Muthoot Finance Q2 Profit Jumps 87.4% YoY to ₹2,345 Crore on Rising Gold Loan Demand

Muthoot Finance reported a strong 87.4% year-on-year increase in standalone profit after tax, reaching ₹2,345 crore for the second quarter. The company benefited from a sharp surge in gold loan demand as elevated gold prices encouraged borrowers to leverage their holdings. Management highlighted improved asset quality and sustained operational efficiency, contributing to the performance. The quarter also saw increased customer additions and higher ticket sizes as households responded to inflationary pressures. The firm expects gold-backed lending to remain resilient in the near term as price volatility supports borrowing activity.