Muthoot Finance Limited — Investor Meet, 18-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Muthoot Finance reported strong Q3 performance. Standalone gold loan AUM reached a record ₹1,39,658 Cr, growing 50% YoY, with 9-month PAT up 91% to ₹7,048 Cr. Subsidiaries like Muthoot Money and Belstar Microfinance also showed robust growth and improved profitability. Rising yields were supported by significant NPA recoveries (~₹624 Cr interest). Management highlighted strong demand for gold loans due to difficulty in accessing unsecured credit. A positive regulatory shift regarding branch expansion is expected to aid calibrated growth. Despite gold price volatility, low LTVs (57% average) and ornamental value provide a strong buffer. Management expressed confidence in future prospects.