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Muthoot Finance Ltd

Q2 FY26Finance

Muthoot Finance Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹2,598
Market cap₹1.0L Cr
P/E9.2
Updated16 Oct 2026
Read4 min read

The short version

Muthoot Finance expects business growth of around 30%-35% in the current financial year (Page 14). The company expects business growth of about 30%-35% this year, indicating strong expansion plans.

From Muthoot Finance Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Muthoot Finance expects business growth of around 30%-35% in the current financial year (Page 14).
  • Customer-level growth target is aimed at 8%-10% despite industry challenges (Page 14).
  • Branch expansion is ongoing with plans to open about 150 branches under the Belstar brand by year-end (Page 17).
  • Growth under Belstar is currently in consolidation phase with slow portfolio growth; significant growth expected only after 2-3 quarters (Page 14).
  • The company intends to maintain sustained customer addition, adding approximately 4 lakh new customers every quarter (Page 10).

2 more points from Muthoot Finance Ltd's call on revenue

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Profitability & Margins

See what Muthoot Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Muthoot Finance plans significant branch expansion, aiming to open about 150 branches under Belstar by the end of the current year (Page 17).
  • The company regularly requests RBI permission for branch openings and targets around 100-200 new branches annually to support growth (Page 13).
  • Investment focus includes sustained spend on employees and advertisement/marketing to maintain customer base growth and market share (Page 14).

2 more points from Muthoot Finance Ltd's call on capex

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Top-ranked in Finance

Ranked on what management guided this quarter

Guidance-ranked
1Mufin Green
Rev 1Mar 1
2Akiko
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Muthoot Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from Muthoot Finance Limited's analyst call does not mention any information regarding the current or expected order book or pending orders. The discussion primarily focuses on topics such as: - Loan book composition and growth - NPA levels and resolution - Yield and interest income trends - Branch expansion plans - Cost of borrowings and funding mix

2 more points from Muthoot Finance Ltd's call on order book

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Frequently Asked Questions

What were Muthoot Finance Ltd Q2 FY26 results?

Muthoot Finance expects business growth of around 30%-35% in the current financial year (Page 14). The company expects business growth of about 30%-35% this year, indicating strong expansion plans.

What is Muthoot Finance Ltd share price analysis?

Muthoot Finance Ltd currently shows a neutral. The stock trades at a P/E of 9.2 with a market cap of ₹104,314 Cr. Investors should review the full earnings analysis for detailed insights.

Is Muthoot Finance Ltd planning capital expenditure?

Muthoot Finance plans significant branch expansion, aiming to open about 150 branches under Belstar by the end of the current year (Page 17).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.