Kochi, Dec 10: Muthoot Finance, India’s largest gold-loan NBFC, crossed the Rs 1.5 trillion market-capitalisation milestone, marking one of the fastest phases of shareholder value creation in the NBFC space in recent years.
The company had first crossed the Rs 1 trillion valuation milestone on June 9, 2025, and added the next Rs 50,000 crore in market capitalisation within just five months, supported by consistent record-breaking business performance, historically strong profitability, and sustained growth momentum in its core gold-loan franchise. With this milestone, Muthoot Finance has emerged as the 59th largest company in India by market capitalisation, and 12th among listed financial services companies.
The company’s financial results for Q2 and H1 FY26 have reinforced this upward trajectory. Consolidated Loan Assets Under Management (AUM) rose to an all-time high of Rs 1.47 lakh crore as of September 30, 2025, up 42% year-on-year, driven predominantly by the strong performance of the gold-loan portfolio. Consolidated profit after tax for H1 FY26 surged 74% year-on-year, while standalone performance was also the highest ever, with standalone loan AUM increasing 47% year-on-year to Rs 1.32 lakh crore and standalone profit after tax rising 88% year-on-year to Rs 4,391 crore.
The total quantity of gold pledged as security increased to 209 tonnes from 199 tonnes a year earlier, and the group’s branch network expanded to 7,524 locations. The company’s capital position remained solid with a 20.89% Capital Adequacy Ratio, supported by stable asset quality and a strong liquidity position.
Commenting on the development, Mr. George Alexander Muthoot, Managing Director, said: “Crossing the Rs 1.5 trillion market-capitalisation mark is a significant validation of the strength and resilience of our business model. The sharp shareholder value creation in the past few months reflects the market’s recognition of our consistent growth in loan AUM, robust profitability and disciplined approach to gold jewelry-backed lending. This milestone reinforces the long-term trust that investors place in us, and we remain committed to building on this growth momentum through continued digital enhancement, branch expansion and sustained operational excellence. With record half-yearly performance, strong capitalisation and a robust demand outlook, the company remains well-positioned to sustain its growth trajectory through FY26 and beyond...”
The recent market re-rating also reflects the growing investor confidence in the company’s strategic direction. Muthoot Finance has received three major international rating upgrades in the past year. Fitch Ratings upgraded the company from BB to BB+ with a Stable outlook, Moody’s upgraded its long-term corporate family rating from Ba2 to Ba1 with a Stable outlook, and S&P Global Ratings upgraded its long-term issuer credit rating from BB/B to BB+/B with a Stable outlook. Together, these upgrades, along with the successful $600 million global bond issuance, further strengthen the company’s financial profile and reinforce its global standing.