Muthoot Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2026.
MUTHOOTFIN · price
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Muthoot Finance Limited's Board approved audited financial results for Q4 and FY ended March 31, 2026. Consolidated net profit doubled to Rs. 10,607 crore from Rs. 5,352 crore in the previous year, while total income grew 54% to Rs. 31,263 crore. Total assets expanded to Rs. 1.96 lakh crore from Rs. 1.33 lakh crore. The Board recommended re-appointing four Whole Time Directors (George M George, George M Jacob, George Alexander, and new appointment Eapen Alexander) and one Independent Director (Joseph Korah). Outstanding qualified borrowings increased from Rs. 51,506 crore to Rs. 81,034 crore during the year, with incremental borrowing of Rs. 42,937 crore. The company maintained AA+ ratings from both ICRA and CRISIL.
Strong financial performance with near-doubling of profits signals healthy growth in the gold loan business. The substantial increase in borrowings indicates aggressive expansion of the loan portfolio. Shareholders can expect positive sentiment given the profit growth and interim dividend of Rs. 30 per share already declared.