Muthoot MCred Ltd, formerly known as Muthoottu Mini Financiers Ltd, a gold loan non-banking financial company (NBFC), reported a 222.67% year-on-year rise in net profit for the fourth quarter of FY26 at ₹62.97 crore, compared to ₹19.52 crore in the corresponding quarter of the previous financial year.
The company reported total income of ₹337.24 crore for Q4 FY26, registering a 53.50% increase from ₹219.70 crore recorded in Q4 FY25.
FY26 profit climbs 88%
For the full financial year FY26, the company posted an 88% rise in Profit After Tax (PAT) at ₹176.90 crore, as against ₹94.18 crore in FY25.
Total income for the year stood at ₹1,113.21 crore compared to ₹815.15 crore in the previous financial year, marking a growth of 36.57%.
The company attributed the strong financial performance to sustained business momentum, portfolio expansion, branch-level business growth and operational efficiency.
AUM nears ₹6,700 crore
Assets Under Management (AUM) of the gold loan NBFC rose nearly 60% year-on-year to ₹6,625.07 crore as of March 31, 2026, reflecting continued expansion in its secured lending portfolio and strong customer demand.
During FY26, the company also expanded its branch network to 994 branches across India, strengthening its nationwide presence and customer accessibility.
The company said FY26 marked a milestone year with robust growth across key business parameters including profitability, operational performance and branch expansion.
Strengthening institutional foundation
Muthoot MCred Ltd, Managing Director, Mathew Muthoottu said, “FY26 has been a defining year for Muthoot MCred as we continued to strengthen our institutional foundation while delivering robust financial performance. The strong growth in profitability and AUM reflects the resilience of our business model, disciplined portfolio management, and the trust placed in us by our customers and stakeholders. As we continue to scale, our focus remains on sustainable growth, governance excellence, and responsible lending.”
Highlight on operational execution
Muthoot MCred Ltd, Chief Executive Officer, P E Mathai added, “The company’s performance during FY26 demonstrates the strength of our operational execution and risk management practices. We remain committed to enhancing customer experience through technology-led processes while maintaining strong asset quality and prudent capital management. With a strengthened balance sheet and expanding market presence, we are well-positioned for the next phase of growth.”
Focus on operational excellence
The company said its growth momentum was supported by strong asset quality, disciplined risk management and a continued focus on operational excellence.
With an expanding portfolio base and strengthened corporate identity, the gold loan NBFC said it remains committed to delivering sustainable value to customers, investors and stakeholders while reinforcing its position among India’s fastest-growing gold loan NBFCs.