Muthoot FinCorp posts strong second quarter results: revenue up 46%, profit soars 118%

Muthoot Fincorp Limited, the flagship company of the 137-year-old Muthoot Pappachan Group and a leader in India’s gold loan NBFC sector, delivered strong second-quarter results with profit up by an impressive 118% year-on-year. The company’s total revenue grew 46%, reaching Rs 1,348 crore in Q2 FY25, up from Rs 920 crore in the same quarter last year. Net profit more than doubled, rising from Rs 91 crore to Rs 198 crore, with sequential growth of 9%.

Loan disbursements for the quarter rose by 11% to Rs 12,742 crore, while the company’s assets under management (AUM) expanded significantly by 35% to reach Rs 27,043 crore.

28% growth in consolidated profit

On a consolidated basis, including subsidiaries—Muthoot Microfin, Muthoot Housing Finance Company, and Muthoot Pappachan Technologies (the IT division of the group)—Muthoot Fincorp recorded a 35% year-on-year revenue growth, reaching Rs 2,114 crore, with a profit of Rs 269 crore for the quarter, up by 28% despite a 44% profit dip at Muthoot Microfin. Consolidated AUM for the group stood at Rs 41,873 crore.

Commenting on the results, Thomas John Muthoot, Chairman of Muthoot Fincorp, said, “By introducing products that meet the specific needs of our customers—whether it's a micro-business looking for expansion capital or individuals aspiring to a secure financial future—we are pushing the boundaries of traditional financial services. This quarter’s results reflect our resilience and the continued trust of our customers.”

Shaji Varghese, CEO of Muthoot Fincorp, added, “We have seen substantial traction across the market, and we look forward to strengthen our product offering further in the coming quarters. With gold loans as our flagship service, we will continue our drive to move from product to segment ensuring to meet the lifecycle needs of our customers.”