Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Muthoot Finance Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 3,275 | 3,472 | 3,606 | 3,820 | 4,164 | 4,474 | 4,929 | 5,190 | 5,622 | 6,450 | 7,283 | 8,188 | 9,289 |
| Interest | 1,091 | 1,236 | 1,335 | 1,412 | 1,447 | 1,595 | 1,807 | 1,900 | 2,111 | 2,355 | 2,571 | 2,919 | 3,155 |
| Expenses + | 829 | 847 | 805 | 872 | 1,121 | 1,226 | 1,324 | 1,405 | 1,549 | 1,441 | 1,480 | 1,426 | 1,528 |
| Financing Profit | 1,355 | 1,389 | 1,467 | 1,536 | 1,596 | 1,653 | 1,798 | 1,885 | 1,961 | 2,654 | 3,232 | 3,843 | 4,606 |
| Financing Margin % | 41% | 40% | 41% | 40% | 38% | 37% | 36% | 36% | 35% | 41% | 44% | 47% | 50% |
| Other Income + | 23 | 37 | 26 | 23 | 16 | 19 | 29 | 32 | 6 | 35 | 50 | 20 | 3 |
| Depreciation | 23 | 19 | 22 | 24 | 27 | 26 | 25 | 31 | 35 | 35 | 38 | 40 | 24 |
| Profit before tax | 1,355 | 1,407 | 1,470 | 1,534 | 1,585 | 1,646 | 1,802 | 1,886 | 1,932 | 2,654 | 3,244 | 3,822 | 4,584 |
| Tax % | 26% | 26% | 26% | 25% | 25% | 27% | 27% | 26% | 25% | 26% | 26% | 26% | 26% |
| Net Profit + | 1,009 | 1,045 | 1,095 | 1,145 | 1,182 | 1,196 | 1,321 | 1,392 | 1,444 | 1,974 | 2,412 | 2,823 | 3,397 |
| EPS in Rs | 24.25 | 25.46 | 26.39 | 27.49 | 28.37 | 28.99 | 31.67 | 34.60 | 36.81 | 50.22 | 60.29 | 69.84 | 83.43 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Financials of Muthoot Finance Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 4,336 | 4,936 | 5,935 | 6,714 | 7,594 | 9,684 | 11,535 | 12,186 | 11,898 | 15,062 | 20,214 | 31,209 |
| Interest | 2,114 | 2,288 | 2,374 | 2,132 | 2,543 | 3,180 | 4,109 | 4,268 | 4,225 | 5,452 | 7,461 | 11,000 |
| Expenses + | 1,110 | 1,268 | 1,554 | 1,656 | 1,747 | 2,207 | 2,259 | 2,490 | 2,747 | 3,622 | 5,481 | 5,822 |
| Financing Profit | 1,112 | 1,381 | 2,007 | 2,927 | 3,305 | 4,298 | 5,167 | 5,428 | 4,926 | 5,988 | 7,272 | 14,388 |
| Financing Margin % | 26% | 28% | 34% | 44% | 44% | 44% | 45% | 45% | 41% | 40% | 36% | 46% |
| Other Income + | 1 | 5 | 3 | 67 | 6 | 22 | 32 | 52 | 75 | 101 | 110 | 54 |
| Depreciation | 84 | 59 | 52 | 52 | 52 | 59 | 67 | 70 | 78 | 92 | 116 | 137 |
| Profit before tax | 1,029 | 1,327 | 1,959 | 2,942 | 3,260 | 4,260 | 5,131 | 5,410 | 4,923 | 5,996 | 7,266 | 14,305 |
| Tax % | 35% | 38% | 38% | 37% | 35% | 26% | 26% | 25% | 25% | 26% | 26% | 26% |
| Net Profit + | 672 | 818 | 1,200 | 1,844 | 2,103 | 3,169 | 3,819 | 4,031 | 3,670 | 4,468 | 5,352 | 10,607 |
| EPS in Rs | 16.86 | 20.41 | 30.03 | 45.74 | 51.86 | 78.25 | 94.83 | 100.08 | 89.98 | 107.71 | 132.84 | 263.79 |
| Dividend Payout % | 36% | 29% | 20% | 22% | 23% | 19% | 21% | 20% | 24% | 22% | 20% | 11% |
Financials of Muthoot Finance Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 398 | 399 | 399 | 400 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| Reserves | 4,686 | 5,223 | 6,139 | 7,457 | 9,531 | 11,428 | 15,174 | 18,384 | 21,264 | 24,706 | 28,965 | 38,729 |
| Borrowing | 19,621 | 18,854 | 22,177 | 23,891 | 30,128 | 40,952 | 50,414 | 54,569 | 55,804 | 68,125 | 99,383 | 151,806 |
| Other Liabilities + | 2,292 | 2,918 | 3,469 | 1,925 | 1,675 | 2,085 | 2,638 | 2,946 | 2,664 | 3,221 | 4,085 | 4,817 |
| Total Liabilities | 26,996 | 27,395 | 32,184 | 33,672 | 41,734 | 54,867 | 68,627 | 76,300 | 80,134 | 96,453 | 132,835 | 195,754 |
| Fixed Assets + | 269 | 235 | 257 | 251 | 259 | 314 | 327 | 342 | 386 | 482 | 682 | 721 |
| CWIP | 7 | 11 | 10 | 6 | 23 | 29 | 39 | 52 | 67 | 89 | 13 | 10 |
| Investments | 20 | 49 | 97 | 177 | 211 | 630 | 809 | 523 | 546 | 712 | 2,401 | 550 |
| Other Assets + | 26,700 | 27,100 | 31,820 | 33,237 | 41,241 | 53,894 | 67,453 | 75,382 | 79,135 | 95,170 | 129,739 | 194,472 |
| Total Assets | 26,996 | 27,395 | 32,184 | 33,672 | 41,734 | 54,867 | 68,627 | 76,300 | 80,134 | 96,453 | 132,835 | 195,754 |
Financials of Muthoot Finance Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -479 | 108 | -2,186 | -1,432 | -4,824 | -4,970 | -7,814 | -1,596 | -2,804 | -13,605 | -26,525 | -47,393 |
| Cash from Investing Activity + | 21 | -43 | -177 | -126 | -162 | -385 | 37 | 410 | 180 | 48 | -1,375 | 2,458 |
| Cash from Financing Activity + | 249 | -1,102 | 3,027 | 824 | 6,351 | 9,193 | 9,712 | 3,445 | 395 | 11,809 | 30,041 | 49,320 |
| Net Cash Flow | -209 | -1,036 | 664 | -734 | 1,364 | 3,838 | 1,935 | 2,260 | -2,229 | -1,749 | 2,142 | 4,385 |
| Free Cash Flow | -503 | 80 | -2,240 | -1,467 | -4,901 | -5,062 | -7,904 | -1,691 | -2,944 | -13,826 | -26,740 | -47,543 |
| CFO/OP | -4% | 13% | -30% | -8% | -62% | -52% | -70% | -2% | -16% | -105% | -168% | -172% |
Financials of Muthoot Finance Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13% | 15% | 20% | 25% | 23% | 29% | 28% | 23% | 18% | 18% | 20% | 31% |