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Muthoot MCred Q1 PAT jumps 233 per cent, AUM rises 59 per cent to Rs 7,098 crore
Gold loan NBFC expands branch network as strong profitability and asset quality lift growth
KOCHI: Muthoot MCred has put its growth engine into a higher gear, reporting a 232.73 per cent year-on-year jump in profit after tax (PAT) to Rs 100.29 crore for the first quarter of FY27.
The gold loan-focused non-banking financial company, formerly known as Muthoottu Mini Financiers, also reported a 58.53 per cent increase in assets under management (AUM) to Rs 7,098.38 crore for the quarter ended 30 June 2026.
Total income rose 76.38 per cent year on year to Rs 399.64 crore, underlining strong momentum across the business.
Muthoot MCred’s profitability improved alongside its balance-sheet expansion. Return on assets (ROA) rose to 5.17 per cent in Q1 FY27, compared with 2.84 per cent as of 31 March 2026.
The company attributed the performance to continued operational discipline, portfolio management and growth in its lending business.
Asset quality also remained strong. Gross non-performing assets stood at 0.59 per cent as of 30 June, while net NPA was 0.24 per cent.
The company said the combination of improving profitability and asset quality placed it among the stronger performers in the sector.
Muthoot MCred is also widening its physical footprint as it looks to reach more customers and deepen its presence in growth markets.
Its branch network increased 3.76 per cent year on year to 994 branches in Q1 FY27 from 958 a year earlier.
The company plans to continue expanding across regions, with a focus on reaching new customer segments and improving access to its financial services. It also plans to drive growth through a combination of new branches and higher productivity at existing locations.
Muthoot MCred managing director Mathew Muthoottu said the quarter reflected continued growth in profitability, AUM and the company’s operating footprint.
“Q1 FY27 has started on a positive note for Muthoot MCred, with continued growth across profitability, AUM, and our operating footprint,” Muthoottu said, adding that the company would remain focused on sustainable growth, responsible lending and strengthening its institutional capabilities.
Muthoot MCred chief executive officer P. E. Mathai said the Q1 performance reflected stronger execution and continued focus on operational efficiency and asset quality.
The company is seeing healthy momentum in its secured lending portfolio, supported by its expanding branch network and technology-led processes, he said.
Mathai added that the company would focus on improving customer experience, maintaining prudent risk management and building a more scalable business.
With PAT more than tripling and AUM approaching Rs 7,100 crore, Muthoot MCred enters FY27 with both growth and asset quality moving in the right direction. The next test will be sustaining that momentum as the lender expands beyond its existing markets.
