MUTHOOTFIN · Financial Services
Muthoot Finance Ltd. reported total income of ₹6,432 cr for July to September 2025, — on the year and — on the quarter.
Net profit was ₹2,345 cr, — on the year and — on the quarter, with earnings per share of ₹58.42.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Swing to loss or profit, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Metric | Q2 FY26 |
|---|---|
| AUM (₹ cr) | 132,305 |
| NIM or spread | 12.41% |
| Cost of funds | 8.78% |
| Stage 2 | 534% |
| Gross Stage 3 | 2.25% |
| Net Stage 3 | 1.86% |
| Stage 3 cover | 17.19% |
| Credit cost | 0.3% |
| Capital adequacy | 20.89% |
| Bad Debts Written Off (₹ crore) | 58.3 |
| Standalone Balance Sheet Loans (₹ crore) | 132,305 |
Read using the NBFCs and housing finance framework (named in the filing read). Primary valuation lens: P/B against RoA and growth.
Read more closely in this sector: Stage 2 movement against Stage 3 · ALM gap within one year · Write-offs against slippages · Lending to group companies · Unsecured or microfinance growth against the total book.
| Q2 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|
| Total income | ₹6,432 cr | ₹7,589 cr | ₹8,834 cr |
| YoY | — | — | +37% |
| Exceptional items | — | — | — |
| Tax rate | 26% | 25% | 25% |
| Net profit | ₹2,345 cr | ₹2,550 cr | ₹2,977 cr |
| YoY | — | — | +27% |
| EPS | ₹58.42 | ₹63.53 | ₹74.14 |
| Flags | · | · | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Muthoot Finance Ltd. reported total income of ₹6,432 cr (— on the year) and net profit of ₹2,345 cr (— on the year) for July to September 2025.
None of the 1 checks that could run raised a question.
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