Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2026 Earnings Presentation
94 slides from Muthoot Finance's earnings presentation, June 2025
Slide 1: Financial Results Q1 FY 2026
Financial Results Q1 FY 2026 June 2025
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 66.13 Muthoot Money Limited Gold Loans, Vehi
Slide 4: Muthoot Finance
G) Muthoot Finance INDIA’S Great Place # 1 To MOST TRUSTED] Pape FINANCIAL SERVICES Certified BRAND 2025’ DEC 2024 - DEC 2025 INDIA
Slide 5: Performance highlights for the quarter ended June 30, 2025
Performance highlights for the quarter ended June 30, 2025 Market Capitalisation crosses ₹ 1 Trillion Highest Ever Consolidated Loan AUM: 37% YoY increase at ₹ 1,33,938 Crores Highest Ever Consolidated Profit After Tax in any Quarter: 65% YoY increase at ₹ 1,974 Crores Highest Ever Standalone Loan A
Slide 6: Performance highlights for the quarter ended June 30, 2025
Performance highlights for the quarter ended June 30, 2025 Highest Ever Standalone Profit After Tax in any Quarter: 90% YoY increase at ₹ 2,046 Crores Highest Ever Average Gold Loan AUM per Branch: ₹ 23.21 Crores Gold Loan Disbursement to New Customers : ₹ 6,355 Crores to 4,45,481 Customers Highest
Slide 7: Market Capitalisation Crosses 1 Trillion
MARKET CAPITALISATION CROSSES 1 TRILLION 6 5
Slide 8: Consolidated Loan AUM 1,33,938 Crores
CONSOLIDATED LOAN AUM AS ON JUNE 30, 2025 1,33,938 Crores HIGHEST EVER AS ON JUNE 30, 2024 CONSOLIDATED LOAN AUM 98,048 Crores 37% YoY INCREASE AT 1,33,938 Crores 7
Slide 9: Consolidated Profit After Tax 1,974 Crores
CONSOLIDATED PROFIT AFTER TAX Q1 FY26 1,974 Crores HIGHEST EVER CONSOLIDATED PROFIT AFTER TAX Q1 FY25 IN ANY QUARTER 1,196 Crores 65% YoY INCREASE AT 1,974 Crores 8
Slide 10: Standalone Loan AUM 1,20,031 Crores
STANDALONE LOAN AUM AS ON JUNE 30, 2025 1,20,031 Crores HIGHEST EVER AS ON JUNE 30, 2024 STANDALONE LOAN AUM 84,324 Crores 42% YoY INCREASE AT 1,20,031 Crores 9
Slide 11: Gold Loan AUM 1,13,194 Crores
GOLD LOAN AUM AS ON JUNE 30, 2025 1,13,194 Crores HIGHEST EVER AS ON JUNE 30, 2024 GOLD LOAN AUM 80,922 Crores 40% YoY INCREASE AT 1,13,194 Crores 10
Slide 12: Standalone Profit After Tax 2,046 Crores
STANDALONE PROFIT AFTER TAX Q1 FY26 2,046 Crores HIGHEST EVER STANDALONE PROFIT AFTER TAX Q1 FY25 IN ANY QUARTER 1,079 Crores 90% YoY INCREASE AT 2,046 Crores 11
Slide 13: Average Gold Loan AUM per Branch
AVERAGE GOLD LOAN AUM PER BRANCH AS ON JUNE 30, 2025 23.21 Crores HIGHEST EVER AS ON JUNE 30, 2024 AVERAGE GOLD LOAN AUM 16.67 Crores PER BRANCH 23.21 Crores 12
Slide 14: Gold Loan Disbursement to New Customers
GOLD LOAN DISBURSEMENT TO NEW CUSTOMERS AS ON JUNE 30, 2025 6,355 Crores GOLD LOAN DISBURSEMENT TO NEW CUSTOMERS AS ON JUNE 30, 2024 5,651 Crores 6,355 Crores to 4,45,481 Customers 13
Slide 15: Gold Jewellery Held as Security in Our Lockers
GOLD JEWELLERY HELD AS SECURITY IN OUR LOCKERS AS ON JUNE 30, 2025 209 Tonnes HIGHEST EVER AS ON JUNE 30, 2024 QUANTITY OF GOLD 194 Tonnes HELD AS SECURITY 209 Tonnes 14
Slide 16: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY Q1 FY 2026 Q1 FY 2025 FY 2025 (%) Group Branch Network (Nos) 7,413 6,759 7,391 10 Consolidated Loan Assets Under Management* of the Group (₹ in 13,39,383 9,80,478 12,21,809 37 million) Consolidated Profit after tax of the Group (₹ in million) 19,742 11,957 53,52
Slide 17: The Group: Loan AUM of Group Companies
THE GROUP Loan Assets Under Management* of the Group (₹ in millions) Jun-25 Mar-25 Jun-24 YoY (%) Muthoot Finance Limited 12,00,310 10,86,478 8,43,238 42 Muthoot Homefin (India) Limited 30,961 29,846 21,986 41 Belstar Microfinance Limited 77,065 79,699 99,519 (23) Muthoot Money Limited 50,001 39,027
Slide 18: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (₹ in millions) YoY Q1 FY 2026 Q1 FY 2025 FY 2025 (%) Muthoot Finance Limited 20,463 10,787 90 52,008 Muthoot Homefin (India) Limited 20 77 (74) 395 Muthoot Insurance Brokers Private Limited 107 157 (32) 364 Belstar Microfinance Limited (1,280) 898 (243
Slide 19: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Jun-25 Mar-25 Jun-24 ASSETS Financial assets Cash and cash equivalents 1,14,641 81,671 53,549 Bank Balance other than above 1,923 1,789 1,993 Derivative Financial Instruments 1 - - Trade Receivables 189 119 175 Loans 13,19,
Slide 20: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Jun-25 Mar-25 Jun-24 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,311 939 765 Trade Payables 1,212 1,371 1,552 Other Payables 1,563 1,617 1,080 Debt Securities 3,18,706 2,39,862 1,94,336 Borrowings(o
Slide 21: Consolidated Financial Results
Consolidated Financial Results (₹ in millions) YoY Particulars Q1 FY 2026 Q1 FY 2025 FY 2025 (%) Income Interest Income 62,880 43,483 45 1,96,629 Service Charges 838 759 10 3,035 Sale of Services 20 20 - 72 Other Income 349 186 88 1,103 Income other than above 763 476 60 2,406 Total Income 64,850 44
Slide 22: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 23: MFIN - A Glimpse
MFIN - A GLIMPSE 29 209 tonnes States/Union territory presence Gold jewellery kept as security 4,850+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 30,000+ 200,000+ Team members Customers served every day ₹ 1,200 billion Loan Assets Under Managemen
Slide 24: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake NSE Ticker 23.6 MUTHOOTFIN 3.05 (%) Shareholding as on June 30, 2025 BSE Ticker 533398 Promoter & Promoter group FII, FC, MF & Others Market Capitalisation (as on June 30,2025) Public ₹ 10,53,915 million 73.35 23
Slide 25: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 24
Slide 26: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Joseph Korah Jose Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Usha Sunny Abraham Chacko C A Mohan George Joseph Independent Director Independent Director Independent Direct
Slide 27: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 Dividend (%)* 260 240 220 200 200 150 120 100 60 Dividend payout (₹ in millions) 10,438 9,635 8,832 8,027 8,024 7,249 5,796 4,813 2,885 Dividend Payout Ratio (%)
Slide 28: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4877 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 17 Himachal Pradesh 58 Punjab 13 Chandigarh 194 Uttarakhand 10 East West Haryana 25 142 Delhi North South 230 18 Rajasthan Uttar Pradesh Assam 150 201 37 Bihar 2
Slide 29: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit account cards issued by banks • NEFT/RTGS/IMPS/UPI mode of bank • Swiping charges for transfer Interest payments • In
Slide 30: Digital Initiatives: iMuthoot Mobile App
DIGITAL INITIATIVES iMuthoot Mobile App • Launched in Nov’16 has about 17.3M downloads, 4M registered Users. • Simplified registration and login process for new users • Online Gold Loan (OGL) facility available to withdraw loan amount and renewal, apart from payments. • 6.8 M transactions (Including
Slide 31: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Jun-25 Mar-25 Jun-24 ASSETS Financial assets Cash and cash equivalents 1,02,031 71,705 44,741 Bank Balance other than above 87 208 230 Derivative Financial Instruments - - - Trade Receivables 26 9 25 Loans 11,94,416 10,86,810
Slide 32: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Jun-25 Mar-25 Jun-24 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,311 939 765 Trade Payables 1,036 1,153 1,338 Other Payables 1,175 1,279 970 Debt Securities 3,13,431 2,35,413 1,84,149 Borrowings(other
Slide 33: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (₹ in millions) YoY Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Growth FY 2025 (%) INCOME Interest Income 55,923 47,836 36,560 53 1,68,770 Other than Interest Income 1,277 1,049 541 136 2,789 Total 57,200 48,885 37,101 54 1,71,559 EXPENSES Finance Cost 21,191 18,79
Slide 34: Equity
EQUITY Strong Capital Base Networth (₹ in millions) Jun-25 Mar-25 Jun-24 Equity Share Capital 4,015 4,015 4,015 Other Equity 2,90,556 2,80,361 2,39,793 Total 2,94,571 2,84,376 2,43,808 33
Slide 35: Assets
ASSETS Core focus continues to be gold loan Loan Assets under management* Jun-25 Mar-25 Jun-24 Growth Growth (₹ in million) (₹ in million) (₹ in million) YoY (%) QoQ (%) Loan assets under management 12,00,310 10,86,478 8,43,238 42 10 Break-up of Loan Assets under management Gold Loans under manageme
Slide 36: Liabilities
LIABILITIES Stable sources of funding* Jun-25 Mar-25 Jun-24 Growth Growth (₹ in million) (₹ in million) (₹ in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot - - - - - Gold Bonds) Secured Non-Convertible Debentures- Listed 3,13,249 2,35,516 1,84,306 70 33 Borrowings from Banks/F
Slide 37: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (₹ in billions) 1,200 1132 1,100 1030 1,000 900 809 800 729 700 619 600 575 519 500 408 400 336 272 288 300 233 243 200 100 0 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Mar-25 Jun-25
Slide 38: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 250 202 208 209 194 199 200 188 187 180 169 176 171 155 142 149 150 131 118 100 50 0 Mar-14Mar-15Mar-16Mar-17Mar-18Mar-19Mar-20Mar-21Mar-22Mar-23Mar-24Jun-24Sep-24Dec-24Mar-25Jun-25 37
Slide 39: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Jun- Mar- Jun- 14 15 16 17 18 19 20 21 22 23 24 24 25 25 East 6 6 7 7 8 8 9 9 9 10 10 10 10 10 West 13 15 17 18 19 20 19 19 19 19 19 20
Slide 40: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (₹ in millions) 265 232 215 212 167 165 150 131 125 115 112 89 75 63 67 65 55 57 51 15 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Mar-25 Jun-25 *Princi
Slide 41: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (₹ in billions) 414 380 338 304 245 242 219 219 151 138 133 123 119 129 104 94 88 81 75 84 55 54 61 58 43 42 48 45 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Avg Monthly Disbursement Avg Monthly Col
Slide 42: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 66% 60% 61% 60% 66% 62% 62% 67% 64% % of collections to disbursement 80% 60% 40% 20% 0% FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion
Slide 43: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-25 Mar-25 Jun-24 Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Gold Loan assets (₹ in Billions) 1132 1,030 809 729 619 575 519 407 336 288 272 Quantity of Gold content in Ornaments held as Security 209 208
Slide 44: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Jun-25 Mar-25 Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Gold Loan AUM 11,31,941 10,29,559 9,29,636 8,61,636 8,09,219 7,28,785 6,92,214 6,75,171 6,60,388 (₹ in Millions) QoQ % change in Gold 10% 11 8 6 11 5 3 2 7 Loan AUM No. of Loan Accounts 1
Slide 45: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Jun-25 Mar-25 Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 4,10,303 3,97,150 3,72,566 4,43,335 4,63,390 4,38
Slide 46: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 22.21 23.03 22.17 22.00 21.43 22.00 21.23 20.06 20.00 19.31 20.00 19.56 19.72 17.94 18.57 18.26 18.00 18.49 18.00 17.7 16.00 15.29 15.53 16.00 14.24 14.00 14.2 12.74 13.03 14.00 12.00 12.15 11.23 12.00 10.47 11.38 11.45 11
Slide 47: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 22.21 23.03 24.00 22.17 22.00 21.43 22.00 21.23 20.00 19.31 19.72 20.06 19.56 18.49 20.00 17.94 18.57 18.26 18.00 18.00 17.7 16.00 14.04 16.00 14.00 13.45 13.49 14.00 11.99 12.00 10.8 10.93 10.53 10.9 12.23 12.00 9.69 9.45 9.59 10.68 10.00 9
Slide 48: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 9.00 7.99 8.00 8.11 7.24 8.00 7.00 7.16 6.36 6.19 7.00 5.93 5.84 6.00 5.70 5.85 6.00 5.39 5.00 4.47 5.00 4.00 3.32 4.00 3.03 3.00 3.00 Mar-15 Mar-16 Mar-17 Mar-18*Mar-19*Mar-20*Mar-21*Mar-22*Mar
Slide 49: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (₹ in millions) Jun-25 Mar-25 Jun-24 Stage I Loan Assets 11,58,809 10,44,433 7,83,009 Stage II Loan Assets 10,556 5,042 26,697 Stage III Loan Assets 30,945 37,004 33,532 % Stage III Assets on Loan Assets 2.58 3.41 3.98 ECL Provision
Slide 50: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 6 12 Secured Non-Convertible Debentures – Listed – ₹ 3,13,249 mn (30%) 30 Borrowings from Banks/FIs - ₹ 521,410 mn (50%) External Commercial Borrowings- Senior secured Notes – ₹ 1,20,064 mn (12%) Subordinated Debt – Listed - ₹ 0 mn (0%)
Slide 51: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 52: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 53: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (₹ in millions) Yearly Quarterly 1,80,000 1,68,770 1,40,000 1,50,000 1,20,000 1,24,476 1,20,000 1,09,560 1,00,000 1,03,285 1,03,686 85,644 80,000 90,000 67,570 55,923 47,836 56,546 62,021 60,000 60,000 42,703 48,130 36,560 40,000 30,000 20,000 0 0 Mar-15 Mar-
Slide 54: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 6.00 5.63 5.43 5.50 5.1 5.50 5.01 4.89 4.94 5.00 5.00 4.50 3.92 4.50 4.24 4.00 3.62 3.92 3.64 3.48 4.00 3.75 3.50 3.50 3.00 3.00 2.91 2.50 Mar-15 Mar-
Slide 55: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (₹ in million) Quarterly (₹ in millions) Q1 FY Q4 FY Q1 FY Mar-25* Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2026* 2025* 2025* Employee Benefit Expenses 15,807 12,816 11,044 9,487 9,270 9,657 8,415 7,393 4,863 4,388 3,699 Rent 2,932 2,696 2,487 2,3
Slide 56: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY Mar-25* Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2026* 2025* 2025* Employee Benefit Expenses 43 49 51 49 49 52 54 47 57 44 43 Rent 8 10 11 12 12 12 13 12 9 8 8 Advertisement & Publicity 4 5 7 6 6 6 7 5 4 6 3 Com
Slide 57: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY (Based on Income) Mar-25* Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2026* 2025* 2025* Interest expense to Gross 37.47 36.67 35.08 34.56 34.92 32.00 32.51 30.50 37.05 38.45 36.42 Income Selling, general and administrative e
Slide 58: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-25* Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Q1 FY Q4 FY Q1 FY Assets) 2026* 2025* 2025* Interest income to avg. loan 18.49 17.94 17.70 20.06 22.17 23.03 21.63 22.21 19.56 18.57 18.26 assets Interest expense to a
Slide 59: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (₹ in millions) Yearly PBT PAT Quarterly PBT PAT 75,000 60,000 70,706 70,000 55,000 65,000 60,000 50,000 55,000 53,094 54,488 52,008 45,000 50,065 46,664 50,000 40,000 45,000 40574 39,543 35,000 40,000 35,000 40,497 30,000 30768 37,222
Slide 60: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (₹ in millions) 3,30,000 2,94,571 3,00,000 2,84,375 2,70,000 2,42,903 2,43,808 2,40,000 2,10,619 2,10,000 1,83,445 1,80,000 1,52,389 1,50,000 1,15,718 1,20,000 97,928 90,000 78,120 56,192 65,164 60,000 50,835 30,000 0 Mar- 15 Mar-
Slide 61: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 28.28 30 28.26 27.77 30 25 21.76 24.81 23.55 25 22.40 20 17.73 19.44 19.73 20 17.6317.86 15 15.13 14.35 10 15 5 10 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar 20*Mar 21*Mar 2
Slide 62: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement of 15% Capital Adequacy Ratio (%) Jun-25 Mar-25 Jun-24 Capital Adequacy Ratio 21.96 23.71 27.47 Tier-I 21.21 22.95 26.73 Tier-II 0.75 0.75 0.74 61
Slide 63: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Earnings per share (₹) - Basic 50.97 37.56 26.87 129.54 - Diluted 50.97 37.56 26.87 129.54 Jun-25 Mar-25 Jun-24 Book Value per share (₹) 733.64 708.26 607.21 Market price per shar
Slide 64: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (₹ In millions) Jun-25 Mar-25 Jun-24 Outside Liabilities 10,66,632 9,28,113 681,785 Cash and Cash Equivalents & Bank Balances 1,31,141 90,378 44,866 Tangible Networth 2,94,535 2,84,342 243,772 Capital Gearing 3.18 2.95 2.61 63
Slide 65: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 31000 30451 30000 29221 29000 28286 27961 28000 27273 27000 26716 26000 25911 25000 25554 24205 24224 24000 22882 23000 23455 22781 22000 21000 20000 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
Slide 66: Belstar Microfinance Limited
BELSTAR MICROFINANCE LIMITED A Subsidiary of Muthoot Finance Limited 65
Slide 67: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of June 2025 , Muthoot Finance holds 66.13% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effective
Slide 68: Key Financial Parameters
Key Financial Parameters (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Number of Branches 1,275 1,281 1,020 1,281 Number of Employees 12,427 13,076 11,202 13,076 Loan AUM (₹) 77,065 79,699 99,519 79,699 Loan Assets (₹) 69,019 71,869 87,734 71,869 Capital Adequacy Ratio (%) 22.
Slide 69: Muthoot Homefin
G) Muthoot Homefin
Slide 70: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 71: Loan AUM 3,096 Crores
LOAN AUM AS ON JUNE 30, 2025 3,096 Crores INCREASE IN LOAN AUM AS ON JUNE 30, 2024 41% YoY AT 2,199 Crores 3,096 Crores 70
Slide 72: Total Revenue 103 Crores
TOTAL REVENUE Q1 FY26 103 Crores INCREASE IN TOTAL REVENUE Q1 FY25 41% YoY AT 73 Crores 103 Crores 71
Slide 73: Business Performance
Business Performance (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Number of branches 163 163 118 163 Number of Sales Offices 163 163 120 163 Number of Employees 982 924 702 924 Loan AUM (₹) 30,961 29,846 21,986 29,846 Loan Assets (₹) 26,772 25,706 18,629 25,706 Capital Adequa
Slide 74: Business Performance
Business Performance (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Disbursement (₹) 1,934 3,619 2,213 12,419 Borrowings (₹) 22,737 21,028 13,738 21,028 Debt Equity Ratio (%) 4.40 4.08 2.84 4.08 Yield on Advances (%) 13.33 13.32 13.35 13.30 Interest Spread (%) 4.42 4.33 4.49 4.
Slide 75: Financial Highlights and Growth Drivers
• Disbursements of INR 1934 mn in Q1 FY 2026: AUM INR 30961 mn as on June 30, 2025: Loan Book INR 26772 mn as on June 30, 2025: • Average Ticket Size as on June 30, 2025 : INR 1.18 mn • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Financial
Slide 76: Muthoot Money
&) Muthoot Money
Slide 77: Our Subsidiary Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending gold loans. Initially, the Company was formed to extend loans for commercial ve
Slide 78: Loan AUM 5,000 Crores
LOAN AUM AS ON JUNE 30, 2025 5,000 Crores INCREASE IN AS ON JUNE 30, 2024 LOAN AUM 1,657 Crores 202% YoY AT 5,000 Crores 77
Slide 79: Total Revenue 213 Crores
TOTAL REVENUE Q1 FY26 213 Crores INCREASE IN Q1 FY25 TOTAL REVENUE 60 Crores 255% YoY AT 213 Crores 78
Slide 80: Profit After Tax 37 Crores
PROFIT AFTER TAX Q1 FY26 37 Crores INCREASE IN PROFIT Q1 FY25 AFTER TAX -1 Crore 3700% YoY AT 37 Crores 79
Slide 81: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Number of branches 997 992 674 992 Number of Employees 4,432 4,437 2,840 4,437 Loan AUM (₹) 50,001 39,027 16,574 39,027 Capital Adequacy Ratio(%) 20 25 29 25 Total Revenue (₹) 2,134 1,622 602
Slide 82: Muthoot Insurance Brokers
Muthoot Insurance Brokers
Slide 83: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 84: Key Business and Financial Parameters
Key Business Parameters (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Premium Collection (₹ ) 1,210 1,322 1,481 5,885 Number of Policies 5,93,828 4,94,330 7,94,942 25,09,553 Key Financial Parameters (₹ in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Total Rev
Slide 85: Asia Asset Finance PLC
ASIA ASSET FINANCE PLC A finance company with a golden heart
Slide 86: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on June 30,2025, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 87: Loan AUM LKR 3,492 Crores
LOAN AUM AS ON JUNE 30, 2025 LKR 3,492 Crores INCREASE IN LOAN AUM AS ON JUNE 30, 2024 50% YoY AT LKR 2,335 Crores LKR 3,492 Crores 86
Slide 88: Profit After Tax LKR 18 Crores
PROFIT AFTER TAX Q1 FY26 LKR 18 Crores INCREASE IN PROFIT Q1 FY25 AFTER TAX 57% YoY AT LKR 12 Crores LKR 18 Crores 87
Slide 89: Branch Network 101 Branches
BRANCH NETWORK AS ON JUNE 30, 2025 101 Branches INCREASE IN BRANCH AS ON JUNE 30, 2024 NETWORK 19% YoY AT 85 Branches 101 Branches 88
Slide 90: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 89
Slide 91: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 90
Slide 92: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 LKR/INR 0.28490 0.28910 0.272452 0.28910 Number of branches 101 100 85 100 Number of Employees 998 913 636 913 Loan AUM (LKR) 34,915 31,334 23,352 31,334 Capital Adequacy Ratio (%) 24 28 22 28 Total Reven
Slide 93: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (₹ In millions) Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Networth 1,300 1,280 1,224 1,280 MUTHOOT TRUSTEE PRIVATE LIMITED (₹ In millions) Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 FY 2025 Networth 11 11 11 11 92
Slide 94: Thank You
Thank You