Muthoot Finance's profit grew by 27% in the second quarter to 2,977 crore rupees, revenue increased by 37%

Muthoot Finance reported in its regulatory filings a 27% increase in net profit for the September quarter, reaching 2,977 crore rupees. Total revenue for the July-September quarter amounted to 8,842 crore rupees, which is higher than the 6,442 crore rupees recorded in the same period last year.

Previously, in the July-September quarter of fiscal year 26, the company's profit was 2,345 crore rupees. The interesting revenue grew to 8,730 crore rupees in the second quarter of fiscal year 27, compared to 6,304 crore rupees in the second quarter of fiscal year 26.

For the first half of the current fiscal year (April-September), profit after tax on a consolidated basis increased by 39%, totaling 6,103 crore rupees. Furthermore, the consolidated Assets Under Management (AUM) for lending grew by 42% to 2.09 trillion rupees, and the consolidated Gold Loan AUM increased by 46% year-on-year, exceeding 1.93 trillion rupees.

George Alexander Muthoot, Executive Vice Chairman of Muthoot Finance, noted that the gold loan market in India continues to show significant growth potential. This growth is supported by increasing demand for secured lending and the formalization of the borrowing process.

He also emphasized that the microfinance subsidiary is showing positive momentum due to balanced growth and diversification into the gold loan business. George Alexander Muthoot stated that the merger of Muthoot Money, which now exclusively deals in gold loans, will allow for the release of operational and financial efficiency. He added that with its extensive and expanding branch network and years of experience in the gold loan sector, the company is well-positioned to continue leading the market and accelerating growth rates throughout fiscal year 27 and beyond.

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Muthoot Finance's profit grew by 36% in the second quarter to 3,278 crore rupees due to the growth of gold loans

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Mahindra Finance's net profit grew by 55% to 882 crore rupees due to lending growth

Mahindra & Mahindra Financial Services (Mahindra Finance) reported a 55% year-on-year growth in its net profit, reaching 882 crore rupees for the quarter from July to September of fiscal year 27 (Q2FY27).

During this quarter, total income increased by 15% year-over-year to 5,175 crore rupees, and the volume of loans disbursed grew by 22% to 16,499 crore rupees. Meanwhile, the Net Interest Margin (NIM) remained unchanged at 7% in Q2FY27 compared to the same quarter last year.

Assets under management (AUM) increased by 15% year-over-year, reaching 1.46 trillion rupees. The cost of credit losses decreased to 1.6% of average assets in Q2FY27, compared to 2.2% a year earlier.

The asset quality of this Non-Banking Financial Company (NBFC) improved during the reporting period. The proportion of Stage 3 assets decreased from 3.9% to 3.4%, and the proportion of Stage 2 assets fell from 5.8% to 4.7%. Collection efficiency improved to 97% from 96% in Q2FY26.

The company's capital adequacy ratio stood at 18%, with Tier-I capital reaching 16.2%. Diversification beyond vehicle financing continued to gain momentum: the volume of loans disbursed in non-transport segments grew by 52% year-on-year. These areas include MSME lending, personal loans, and other segments, including Mahindra Rural Housing Finance (MRHFL).

Rahul Rebelo, Managing Director and CEO of Mahindra Finance, noted that the second-quarter results provide confidence that the ongoing changes are leading to stronger and more stable business performance. He added that the company is encouraged by the growth rate driven by a 22% increase in disbursements, credit cost control at 1.6%, and 55% profit growth, and maintains focus on disciplined execution of plans until fiscal year 31.

business-standard.comOctober 19, 16:48

Bajaj Finance profit grew by 28.7% in the second quarter to ₹6,367 crore due to lending growth

Bajaj Finance reported a 28.7% year-on-year rise in quarterly profit on Monday, driven by a steady increase in its loan portfolio volume.

The consolidated profit after tax for the non-banking financial company reached ₹6,367 crore (US$670.74 million) for the second quarter ending September 30, compared to ₹4,948 crore the previous year.

Overall lending growth among non-banking lenders was supported by high demand for consumer financing, consistent borrowing by small businesses, and growing demand for housing and gold loans.

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Bajaj Finance's assets under management increased by 26% year-on-year for the September quarter, marking the fastest pace since March 2025. Meanwhile, gold loans doubled year-on-year, and rural consumer financing grew by 63%.

Loans to small and medium enterprises, for which the company has tightened underwriting after a period of higher default rates, increased by 3%.

Financial Metrics

The company's net interest income—the difference between interest earned on loans and interest paid on borrowings—rose by 24% to ₹13,335 crore. The gross non-performing asset ratio of the non-banking lender improved to 1.06% from 1.24% the previous year, but sequentially worsened compared to 0.96%.

The cost of credit, which reflects provisions set aside for potential loan losses, improved to 1.56% compared to 1.88% the previous year, but remained virtually unchanged sequentially.