Kochi, Aug 14: Muthoot MCred Limited, one of India’s trusted gold loan NBFCs, announced strong financial performance for the quarter ended June 30, 2026. Profit After Tax increased by 232.73 percentage year-on-year to INR100.29 crore. AUM grew 58.53 percentage year-on-year to INR7,098.38 crore. Total income stood at INR 399.64 crore in Q1 FY27, registering a 76.38percentage year-on-year growth.
The Company continued to maintain strong asset quality and operational discipline, with Gross NPA at 0.59% and Net NPA at 0.24% as of June 30, 2026. Return on Assets improved significantly to 5.17% in Q1 FY27, compared with 2.84% as of March 31, 2026, reflecting a strong improvement in the Company’s profitability and asset utilisation. The ROA achieved during the quarter positions Muthoot MCred among the leading performers in the industry.
The branch network expanded by 3.76% year-on-year, from 958 branches in Q1 FY26 to 994 branches in Q1 FY27, further strengthening customer accessibility across key markets. The Company plans to further expand its network across diverse regions and markets, with a focus on strengthening its presence in key growth markets, reaching new customer segments, and enhancing accessibility to its financial services. Alongside network expansion, the Company remains focused on driving both horizontal and vertical growth by increasing its branch footprint while enhancing business growth and productivity at existing branches.
Mr. Mathew Muthoottu, Managing Director, Muthoot MCred Limited, said,
“Q1 FY27 has started on a positive note for Muthoot MCred, with continued growth across profitability, AUM, and our operating footprint. The performance reflects the strength of our business model, disciplined portfolio management, and the trust we have built with our customers. As we move ahead, we remain focused on sustainable growth, responsible lending, and strengthening our institutional capabilities to create long-term value for all our stakeholders.”
Mr. P. E. Mathai, Chief Executive Officer, Muthoot MCred Limited, added,
“Our Q1 performance demonstrates the strength of our execution and our continued focus on operational efficiency and asset quality. We are seeing healthy momentum across our secured lending portfolio, supported by our expanding branch network and technology-led processes. Going forward, we will continue to focus on enhancing customer experience, maintaining prudent risk management practices, and building a stronger and more scalable business.”