Muthoot Fincorp’s Q1FY27 net profit soars about 4 times to ₹705 cr
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Net gain from derecognition of amortised financial instruments (or gains from loan‑portfolio sales/assignments) rose nearly sevenfold to ₹247 crore, up from ₹37 crore.
Muthoot Fincorp Limited’s first‑quarter net profit jumped about four times to ₹705 crore from ₹179 crore in the same quarter last year, driven by higher net interest income and gains from loan‑portfolio sales/assignments.
Key Takeaways
- Muthoot Fincorp’s Q1 FY27 net profit jumped about four times to Rs 705 crore from Rs 179 crore a year earlier.
- Net interest income surged 110% year-on-year to Rs 1,622 crore from Rs 771 crore.
- Gains from loan-portfolio sales and assignments rose nearly sevenfold to Rs 247 crore.
- Employee benefit expenses rose about 55% year-on-year to Rs 566 crore.
The NBFC’s net interest income (interest earned minus interest paid) surged 110 % year‑on‑year to ₹1,622 crore, compared with ₹771 crore in Q1 FY26.
Net gain from derecognition of amortised financial instruments (or gains from loan‑portfolio sales/assignments) rose nearly sevenfold to ₹247 crore, up from ₹37 crore.
Employee benefit expenses rose roughly 55 % year‑on‑year to ₹566 crore, up from ₹364 crore.
During the reporting quarter, the company transferred via direct assignment non‑default loan accounts worth ₹9,683 crore, receiving a consideration of ₹7,171 crore.
The firm, a diversified NBFC anchored by its gold‑loan business, plans to raise up to ₹3,000 crore through an initial public offering that will involve a fresh issue of equity shares.
Published on August 16, 2026
