Gold Loan Momentum Lifts Muthoot Finance’s Q2 Earnings

Muthoot Finance recorded strong Q2 performance as rising gold loan demand pushed revenues and profitability higher, resulting in a 10% advance in the company’s stock. Increased borrowing activity reflected supportive gold price trends and improving liquidity needs among retail customers. The firm highlighted stable asset quality across its lending portfolio despite broader economic uncertainties. Market participants viewed the results as an indicator of resilient demand in secured retail credit products. The stock’s upward movement aligned with expectations of continued traction in gold-backed financing.