Muthoot Finance Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Muthoot Finance delivered strong Q2 FY26 results with consolidated loan AUM up 42% YoY to Rs. 1,47,673 Cr and standalone PAT up 88% YoY to Rs. 4,391 Cr for the half-year. The company upgraded its FY26 gold loan growth guidance to 30-35%, citing higher gold prices and regulatory clarity. Management anticipates core yields to stabilize around 18-18.5%, with declining cost of funds. Despite competition, Muthoot remains focused on gold loans, expanding branches, and investing in digital transformation. Belstar Microfinance losses have narrowed, with consolidation expected. Management projects sustained growth, emphasizing a confident outlook.