Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2026 Earnings Presentation
98 slides from Muthoot Finance's earnings presentation, May 14, 2026
Slide 1: Outcome of Board Meeting held on May 14, 2026
Ref: SEC/MFL/SE/2026/6600 May 14, 2026 National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Plot No. C/1, G Block, BSE Limited Bandra - Kurla Complex, Bandra (E), Mumbai P.J. Tower, Dalal Street, - 400 051 Mumbai - 400 001 Symbol: MUTHOOTFIN Scrip Code: 533398 NSE I
Slide 2: Board Meeting Outcome (continued)
4. Recommended, for approval of the shareholders in the upcoming Annual General Meeting, the appointment of Mr. Eapen Alexander (DIN: 03493601) as Whole Time Director of the Company; We enclose the following documents: 1. Audited standalone and consolidated financial results of the Company for the q
Slide 3: Annexure A: Joseph Korah
Annexure A SI No. Particulars Joseph Korah 1. Reason for Change Re-appointment as Independent Director for a second consecutive term 2. Date of With Effect from the ensuing date of Annual General Meeting Appointment/Cessation 3. Term of 3 Years Appointment (Till the date of 32nd Annual General Meeti
Slide 4: Annexure A: George M George
SI No. Particulars George M George 1. Reason for Change Re-appointment as Whole Time Director 2. Date of With Effect from 15.12.2026 Appointment/Cessation 3. Term of 5 Years Appointment 4. Brief Profile Mr. George M George holds a Master’s degree from ESSEC-Cornell University, Paris, and a graduate
Slide 5: Annexure A: George M Jacob
SI No. Particulars George M Jacob 1. Reason for Change Re-appointment as Whole Time Director 2. Date of With Effect from 15.12.2026 Appointment/Cessation 3. Term of Appointment 5 Years 4. Brief Profile George Muthoot Jacob is a Whole Time Director on the Board of Directors of Muthoot Finance Limited
Slide 6: Annexure A: George Alexander
6. Confirmation It is confirmed that at the time of re-appointment Mr. George Jacob Muthoot as a Whole Time Director of the Company he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority SI No. Particulars George Alexander 1. Reason for Change
Slide 7: Annexure A: Eapen Alexander
5. Disclosure of relationships Mr. George Alexander is the son of Mr. George Alexander Muthoot, Managing between directors Director of the Company. Except for the above, none of the other Directors, Key Managerial Personnel and their relatives are related. 6. Confirmation It is confirmed that at t
Slide 8: Outstanding Qualified Borrowings FY 2025-26
Ref: SEC/MFL/SE/2026/6600 May 14, 2026 National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Plot No. C/1, G Block, BSE Limited Bandra - Kurla Complex, Bandra (E), Mumbai P.J. Tower, Dalal Street, - 400 051 Mumbai - 400 001 Symbol: MUTHOOTFIN Scrip Code: 533398 NSE I
Slide 9: Incremental Borrowing Notes
Note: # “Incremental Borrowing” represents any borrowing done during a particular financial year, of original maturity of more than 1 year, irrespective of whether such borrowing is of refinancing/repayment of existing debt or otherwise and excludes external commercial borrowings and inter-corporate
Slide 10: Independent Auditors' Report on Consolidated Results
KRISHNAMOORTHY & KRISHNAMOORTHY . CHARTERED ACCOUNTANTS XXXIX/3217 Ol( I N D IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRI PTI LANE. PA LIAM ROAD NEAR MANORAMA JUNCTION KOCH! - 682 016 KOC H! - 682 016 Independent Auditors' Report on the Audited Consolidated Financial Results
Slide 11: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY ' CHARTERED ACCOUNTANTS XXXIX/32·17 PA LIAM ROAD CAIND IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRIPTI LA NE. NEAR MANORAM.A. JUNCTION KOCHI - 682 016 KOCHI - 682 016 vii. Muthoot Money Limited ii. is presented in accordance with the requiremen
Slide 12: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY ' CHARTERED ACCOUNTANTS XXXIX/3217 PAL:AM ROAD CA IND I A P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRIPTI LANE. NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI - 682 016 the Listing Regulations. The respective Management and the Board of Directors of
Slide 13: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY · CHARTERED ACCOUNTANTS XXXIX/3217 CA{ IND IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 151 FLOOR, TRIPTI LANE. PALIAM ROAD NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI -682 016 • Identify and assess the risks of material misstatement of the Statement, whethe
Slide 14: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY CHARTERED ACCOUNTANTS XXXIX/3217 CA{ IND I A P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516 , 1st FLOOR, TRIPTI LANE. PALIAM ROAD NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI' - 682 0 16 • Obtain sufficient appropriate audit evidence regarding the financial results
Slide 15: Auditors' Report (continued)
. KRISHNAMOORTHY & KRISHNAMOORTHY • CHARTERED ACCOUNTANTS XXXIX/3217 CA( P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS IND IA 38/516, 1st FLOOR, TRIPTI LANE. PALIAM ROAD NEAR MANORAMA JUNCTION KOCHI -682 016 KOCHI - 682 016 13. The statement includes the results for the quarter ended March 31, 2026 bei
Slide 16: Audited Consolidated Financial Results Q4 and FY2026
MUTHOOT FINANCE LIMITED Registered and Corporate Office: NH Bypass, Palarivattom, Kochi-682028, Kerala, India CIN : L65910KL1997PLC011300 Ph No: +91-484-480 4000, 239 4712 Website: www.muthootfinance.com Email: [email protected] STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTE
Slide 17: Consolidated Balance Sheet March 31, 2026
MUTHOOT FINANCE LIMITED Registered and Corporate Office: NH Bypass, Palarivattom, Kochi-682028, Kerala, India CIN : L65910KL1997PLC011300 Ph No: +91-484-480 4000, 239 4712 Website: www.muthootfinance.com Email: [email protected] AUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (BALANCE
Slide 18: Consolidated Cash Flow Statement
MUTHOOT FINANCE LIMITED Registered and Corporate Office: NH Bypass, Palarivattom, Kochi-682028, Kerala, India CIN : L65910KL1997PLC011300 Ph No: +91-484-480 4000, 239 4712 Website: www.muthootfinance.com Email: [email protected] AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH
Slide 19: Notes to Consolidated Results
MUTHOOT FINANCE LIMITED Registered Office: NH Bypass, Palarivattom, Kochi- 682028, Kerala, India CIN:L65910KL1997PLC011300 Ph. No.: 0484 4804000, 2394712, Website: www.muthootfinance.com Email: [email protected] Notes: 1. The consolidated results of the Company include the financial results of
Slide 20: Notes to Consolidated Results (continued)
6. No employee stock options were granted by the Company during the quarter and there are no outstanding options remaining to be exercised under the Scheme granted earlier. 7. The Company has maintained requisite full security cover as per the terms of Offer Document/Information Memorandum and/or De
Slide 21: Independent Auditors' Report on Standalone Results
KRISHNAMOORTHY & KRISHNAMOORTHY ' CHARTERED ACCOUNTANTS XXXIX/3217 CA{ IND I A P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 151 FLOOR, TRIPTI LANE. PALIAM ROAD NEAR MANORAMA JUNCTION KOCH! - 682 016 KOCH! - 682 016 Independent Auditors' Report on the Audited Standalone Financial Results of Mut
Slide 22: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY "CHARTERED ACCOUNTANTS XXXIX/3217 PALIAM ROAD CA IND I A PS DY & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRIPTI LANE. NEAR MANORAMA JUNCTION KOCH! - 682 016 KOCHI - 682 016 report. We are independent of the Company in accordance with the Code of Ethics iss
Slide 23: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY "CHARTERED ACCOUNTANTS XXXIX/3217 PALIAM ROAD CAIND IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRIPTI LANE. NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI - 682 016 6. The Management and the Board of Directors are also responsible for overseeing th
Slide 24: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY "CHARTERED ACCOUNTANTS XXXIX/321 7 PALIAM ROAD CAIND IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516, 1st FLOOR, TRIPTI LANE. NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI - 682 016 • Evaluate the appropriateness of accounting policies used and the reasonableness
Slide 25: Auditors' Report (continued)
KRISHNAMOORTHY & KRISHNAMOORTHY CHARTERED ACCOUNTANTS XXXIX/3217 PALIAM ROAD CA IND IA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS 38/516 , 1st FLOOR, TRIPTI LANE. NEAR MANORAMA JUNCTION KOCH! - 682 016 KOCH! - 682 016 the published unaudited year-to-date figures up to the third quarter of the curren
Slide 26: Audited Standalone Financial Results Q4 and FY2026
MUTHOOT FINANCE LIMITED Regis tered a n d Corporate Office: N H Bypass, Palarivattom, Kochi-682028, Kerala, India CIN: L65910KL1997PLC011300 P h. No. : 0484 4804000, 2394712, Website: www.mulhootfinance.com Email : mails@muthoolgrou p.com Statement of A udited Standalone Financial Results for the qu
Slide 27: Standalone Balance Sheet March 31, 2026
MUTHOOT FINANCE LIMITED Registered and Corporate Office: NH Bypass, Palarivattom, Kochi-682028, Kerala, India CIN: L65910KL1997PLC011300 Ph. No.: 0484 4804000, 2394712, Website: www.muthootfinance.com Email : [email protected] Audited Standalone Statement of Assets and Liabilities (Balance Shee
Slide 28: Standalone Cash Flow Statement
MUTHOOT FINANCE LIMITED Re~stered an d Corporate Office: NH Bypass, Paiarivattom, Kochi-682028, Keraia, India CIN ; L65910KL1997PLC011300 Ph. No. ; 0484 4804000, 2394712, Website ; www.muthootfinance.com Email ; [email protected] Audited Standalone Cash flow Statement for the Year ended March 3
Slide 29: Notes to Standalone Results
MUTHOOT FINANCE LIMITED Registered Office: NH Bypass, Palarivattom, Kochi - 682028, Kerala, India. CIN:L65910KL1997PLC011300 Ph. No.: 0484 4804000, 2394712, Website: www.muthootfinance.com Email: [email protected] Notes: 1. The above financial results have been reviewed by the Audit Committee a
Slide 30: Notes to Standalone Results (continued)
8. The information pursuant to regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in Annexure A. 9. The Company has applied its material accounting policies in the preparation of this financial results consistent with those followed in the standalo
Slide 31: Annexure A: Regulation 52(4) Disclosures
AnnexureA Disclosures required under Regulation 52(4) ofSEBI (Listing Obligations and Dis closure Requirements) Regulations, 2015 for the quarter ended March 31, 2026* Quarter Quarter Quarter ended Year ended Year ended ended ended S.No Particulars March 31, December March 31, March 31, March 31, 20
Slide 32: Auditors' Certificate on Security Cover
(A KRISHNAMOORTHY & KRISHNAMOORTHY P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS XXXIX/3217 38/516, 151 FLOOR, TRIPTI LAN E. PALIAM ROAD IND IA NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCH! - 682 016 Independent Auditors' Certificate on maintenance of security cover and compliance
Slide 33: Auditors' Responsibility
KRISHNAMOORTHY & KRISHNAMOORTHY CA P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS XXXIX/3217 38/516, 1st FLOOR, TRIPTI LANE. PALIAM ROAD IND IA NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI - 682 016 Auditors' Responsibility 3. Pursuant to the requirements of the Company as stated a
Slide 34: Auditors' Opinion on Security Cover
' KRISHNAMOORTHY & KRISHNAMOORTHY CA- P S D Y & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS XXXIX/3217 38/516, 1st FLOOR, TRIPTI LANE. PALIAM ROAD IND I A NEAR MANORAMA JUNCTION KOCHI - 682 016 KOCHI - 682 016 Information and Other Assurance and Related Services Engagements to the extent
Slide 35: Statement of Security Cover
Anncxu rc A Muthoot Finance Limited The Statement o f security cover for secured listed non-convc ruble debt securities issued by the Company as at March 3 1 2026 Column A Rs. In millions Column D Column C Exclusive Cha rge Column D Column E Column F Column G ~olurn n 0 Column I Column J Column I Co
Slide 36: Statement of Security Cover (continued)
I I I Column D Column C Column D Column E Column F C olumn G Col umn 11 Column I Column A Column J Colu mn Column Column Column N Colum n 0 K L M Exclusive C harge Exclusive Pari- Passu Pari- Passu Pari- Passu Debt not A sset s not Elimi nation (Total Cto Related to only those items covered by th is
Slide 37: Disclosures under Regulation 52(7A)
I Muthoot Finance Limited Registered Office : NH Bypass, Palarivattom, Kochi - 682 028, ~ Kera/a, India. . GIN: L65910KL 1997PLC011300 Phone : +91-484-480 4000, 239 4712 Muthoot Finance rTU'11nndTf\.llt~ [email protected] www.muthootgroup.com May 14, 2026 National Stock Exchange of India Ltd. D
Slide 38: Disclosures under Regulation 52(7) and 52(7A)
Muthoot Finance Limited I Registered Office : . ~ NH Bypass, Pafarivattom, Kochi - 682 028, Kera/a, India. GIN: L65910KL 1997PLC011300 Muthoot Finance Phone: +91-484-480 4000, 239 4712 [email protected] fTAA'1 l r•nd Trutt fleport www.muthootgroup.com May 14, 2026 National Stock Exchange of Ind
Slide 39: Investor Presentation: Financial Results Q4 & FY 2026
Investor Presentation Muthoot Finance Limited Financial Results Q4 & FY 2026 March 2026
Slide 40: Safe Harbour Statement
DISCLAIMER Safe Harbour Statement This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market
Slide 41: Contents
INDEX Contents Section 1 04-06 Section 2 07-14 Section 3 15-16 Section 4 17-42 Highlights of the Year Corporate Profile Understanding Our Financial the Market Overview Who We Are Standalone Financials What Sets Us Apart Consolidated Financials Section 5 43-54 Section 6 55-57 Section 7 58 Section 8 5
Slide 42: Staying the Course. Strengthening the Future.
Staying the Course. Strengthening the Future. Eight decades have taught us one enduring lesson: for Trust is what we lend against - and always have. growth to last, it must be balanced with prudence. This year, more Indians used their gold to build their lives, That is the discipline this Company wa
Slide 43: Highlights of the Year: Strong Growth
HIGHLIGHTS OF THE YEAR Strong Growth Driven by Sustained Momentum Consolidated Loan Consolidated Profit Standalone Loan Standalone Profit (AUM) After Tax FY 2026 (AUM) After Tax FY 2026 ₹1,81,916 Cr ₹10,607Cr ₹1,62,826 Cr ₹10,134 Cr 49% YoY Growth 98% YoY Growth 50% YoY Growth 95% YoY Growth 10% QoQ
Slide 44: Highlights of the Year: Gold Loan and Branches
HIGHLIGHTS OF THE YEAR Strong Growth Driven by Sustained Momentum Gold Loan Disbursement Consolidated Branch Consolidated Gold Loan Average Gold Loan AUM to New Customers FY 2026 Network (AUM) Per Branch (Standalone) (Standalone) ₹29,347 Cr ₹1,65,030 Cr ₹31.02 Cr to 17,71,094 7,568 Nos Customers 54%
Slide 45: India's Largest Gold Loan NBFC, Anchored in Trust
CORPORATE PROFILE WHO WE ARE India's Largest Gold Loan NBFC, Anchored in Trust Tracing our roots to 1887, our enduring leadership is built on nearly nine decades of deep customer trust and loyalty. Uniquely focused since 1939 on Recognised by the Reserve Bank of India as an Gold-Secured Lending Uppe
Slide 46: Muthoot Finance at a Glance
CORPORATE PROFILE MUTHOOT FINANCE AT A GLANCE Metrics that Define Our Position Distinctive Strengths ₹37,742 Cr 20.75% Tier-1: 19.84% Tier-2: 0.91% 6.41 Mn 2,00,000+ Net Worth Capital Adequacy Ratio Active Customers Customers Served Per Day Shareholder Value ₹252.43 ₹940.05 30.63% 300% at ₹30 Earnin
Slide 47: A Legacy Built on Trust and Gold
CORPORATE PROFILE OUR JOURNEY A Legacy Build on Trust and Gold 1887 – 1939 1940 – 2000 2001 – 2011 2012 – TODAY FOUNDING DIVERSIFICATION FORMALISATION SCALE AND RECOGNITION Rooted as an 1887 Kerala trading Operating as Muthoot Bankers, we Our RBI licence in 2001 marked By 2020, all three internation
Slide 48: A Strong Presence of 4,968 Branches Across India
CORPORATE PROFILE GEOGRAPHICAL PRESENCE A Strong Presence of 4,968 Branches Across India Branches Region Wise State wise Branch Network Jammu & Kashmir Himachal Pradesh 17 13 Punjab Chandigarh Haryana 199 10 8% Uttarakhand Assam 142 26 41 18% Delhi Tripura 230 5 Rajasthan Gujarat Jharkhand 150 Bihar
Slide 49: Gold Loan: Defining the Category We Lead
CORPORATE PROFILE OUR CORE COMPETENCY Gold Loan: Defining the Category We Lead Quick Turnaround Time A short, predictable disbursal experience with minimal TAT Our systems, processes and people of the Company are built around In-depth Product Knowledge this single product A workforce strengthened by
Slide 50: People at the Helm
CORPORATE PROFILE GOVERNANCE People at the Helm Our governance architecture is designed to provide confidence at every level, from the Boardroom to the branch counter, and across regulators, lenders and customers. Promoter Group Independent Directors George Jacob George Alexander George Thomas Alexa
Slide 51: Beyond Gold Loan
CORPORATE PROFILE OUR SUBSIDIARY ECOSYSTEM Beyond Gold Loan We have built the Group around a single idea: every subsidiary serves an existing or potential customer within our ecosystem. Each entity expands our reach across products, segments or geographies, while preserving the parent’s core focus o
Slide 52: The First Name in Trust
CORPORATE PROFILE WHAT SETS US APART The First Name in Trust India’s Most Trusted Financial Extensive Customer Base 87-Year Legacy Industry Leadership Services Brand Serving a massive, loyal, and Unmatched track record and Dominant market position and Recognised as the nation's premier consistently
Slide 53: A Large Market with Significant Untapped Potential
UNDERSTANDING THE MARKET A Large Market with Significant Untapped Potential India’s organised gold loan market has been growing at a strong pace, yet it still addresses only a small fraction of the gold held by Indian households. Market Snapshot ₹16 Lakh Cr Projected Size of the Organised Gold Loan
Slide 54: Shifts Expanding Future Opportunities
UNDERSTANDING THE MARKET Shifts Expanding Future Opportunities FROM TO Borrowers are shifting from local moneylenders to organised lenders for safer INFORMAL FORMAL custody, transparent valuation, & fairer rates, creating a massive industry tailwind. Rather than pledging in distress, micro-enterpris
Slide 55: Snapshot of Performance
OUR FINANCIAL OVERVIEW CONSOLIDATED Snapshot of Performance FY 2026 FY 2025 YoY (%) Group Branch Network (Nos) 7,568 7,391 2 Consolidated Loan AUM* of the Group (₹ in Mn) 1,819,165 1,221,809 49 Consolidated Profit After Tax of the Group (₹ in Mn) 106,069 53,524 98 Contribution in the Consolidated Lo
Slide 56: Loan AUM of the Group
OUR FINANCIAL OVERVIEW CONSOLIDATED Loan AUM* of the Group (₹ in Mn) Mar-26 Mar-25 YoY (%) Muthoot Finance Limited 1,628,259 1,086,478 50 Muthoot Homefin (India) Limited 34,846 29,846 17 Belstar Microfinance Limited 82,224 79,699 3 Muthoot Money Limited 97,943 39,027 151 Asia Asset Finance PLC 14,79
Slide 57: Gold Loan AUM
OUR FINANCIAL OVERVIEW CONSOLIDATED Gold Loan AUM* FY 2026 FY 2025 Loan AUM Gold Loan Accounts Customers Loan AUM Gold Loan Accounts Customers (₹ in Mn) (Tonnes) (No) (No) (₹ in Mn) (Tonnes) (No) (No) Muthoot Finance Limited 1,540,843 196 10,356,378 6,414,278 1,029,559 208 10,233,497 6,371,936 Mutho
Slide 58: Standalone Profitability
OUR FINANCIAL OVERVIEW CONSOLIDATED Standalone Profitability (₹ in Mn) FY 2026 FY 2025 Muthoot Finance Limited 101,341 52,008 Muthoot Homefin (India) Limited 454 395 Muthoot Insurance Brokers Private Limited 288 364 Belstar Microfinance Limited 247 464 Muthoot Money Limited 3,375 121 Asia Asset Fina
Slide 59: Statement of Assets and Liabilities
OUR FINANCIAL OVERVIEW CONSOLIDATED Statement of Assets and Liabilities (₹ in Mn) Assets Mar-26 Mar-25 Financial Assets Cash and Cash Equivalents 126,140 81,671 Bank Balance other than Above 2,538 1,789 Derivative Financial Instruments 17,580 - Trade Receivables 116 119 Loans 1,788,568 1,205,779 Inv
Slide 60: Statement of Assets and Liabilities
OUR FINANCIAL OVERVIEW CONSOLIDATED Statement of Assets and Liabilities (₹ in Mn) Liabilities Mar-26 Mar-25 Financial Liabilities Derivative Financial Instruments - 939 Trade Payables 1,446 1,371 Other Payables 2,036 1,617 Debt Securities 368,638 239,862 Borrowings (other than Debt securities) 1,136
Slide 61: Financial Results
OUR FINANCIAL OVERVIEW CONSOLIDATED Financial Results (₹ in Mn) FY 2026 FY 2025 YoY (%) Q4 FY 2026 Q3 FY 2026 Q2 FY 2026 Q1 FY 2026 Income Interest Income 303,709 196,629 54 90,087 79,829 70,913 62,880 Service Charges 4,347 3,035 43 1,536 1,046 927 838 Sale of Services 130 72 80 14 30 65 20 Other In
Slide 62: Statement of Assets and Liabilities
OUR FINANCIAL OVERVIEW STANDALONE Statement of Assets and Liabilities (₹ in Mn) Assets Mar-26 Mar-25 Financial Assets Cash and Cash Equivalents 116,860 71,705 Bank Balance Other than Above 206 208 Derivative Financial Instruments 17,549 - Trade Receivables 13 9 Loans 1,616,021 1,086,810 Investments
Slide 63: Statement of Assets and Liabilities
OUR FINANCIAL OVERVIEW STANDALONE Statement of Assets and Liabilities (₹ in Mn) Liabilities Mar-26 Mar-25 Financial Liabilities Derivative Financial Instruments - 939 Trade Payables 1,160 1,153 Other Payables 1,583 1,278 Debt Securities 360,988 235,413 Borrowings (other than Debt Securities) 1,020,4
Slide 64: Financial Results
OUR FINANCIAL OVERVIEW STANDALONE Financial Results (₹ in Mn) FY 2026 FY 2025 YoY (%) Q4 FY 2026 Q3 FY 2026 Q2 FY 2026 Q1 FY 2026 Income Interest Income 270,665 168,770 60 80,560 71,138 63,044 55,923 Other than Interest Income 5,334 2,581 107 1,379 1,395 1,282 1,188 Total 275,999 171,351 61 81,939 7
Slide 65: Growth Momentum
OUR FINANCIAL OVERVIEW ASSETS Growth Momentum (₹ in Mn) Standalone Loan AUM Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 YoY(%) QoQ (%) Loan AUM 1,628,259 1,475,524 1,323,049 1,200,310 1,086,478 50 10 Break-up of Loan AUM Gold Loan AUM 1,540,843 1,396,579 1,249,175 1,131,941 1,029,559 50 10 Other Loans 87,416
Slide 66: Secure Portfolio Strategy
OUR FINANCIAL OVERVIEW ASSETS Secure Portfolio Strategy Mar-26 Dec-25 Sept-25 Jun-25 Mar-25 Gold Loan AUM (₹ in Bn) 1,541 1,397 1,249 1,132 1,030 Quantity of Gold Content in Jewellery Held as Security (Tonnes) 196 205 209 209 208 Gold Price/gm (₹) 13,441 12,201 10,566 8,783 8,167 Lender’s Perspectiv
Slide 67: Customer Base – High Turnover, Strong Retention
OUR FINANCIAL OVERVIEW ASSETS Customer Base – High Turnover, Strong Retention Funding the Entrepreneurial Journey Funding a Household Dream A repeat customer since 2021, Anita Ji had a wish to see her son Virendra approached us again to expand his become an IAS officer. With years of nursery busines
Slide 68: Customer Base – High Turnover, Strong Retention
OUR FINANCIAL OVERVIEW ASSETS Customer Base – High Turnover, Strong Retention Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Above Gold Loan AUM and No. of Customers Includes: Fresh Gold Loans to Inactive Customers No. of Customers 400,342 390,732 411,376 410,303 397,150 % of Customers 6 6 6 6 6 O/s Loan Amount
Slide 69: Impairment of Loan Assets
OUR FINANCIAL OVERVIEW ASSETS Impairment of Loan Assets Stage-wise Classification of Loan Assets and Expected Credit Loss Provision (₹ in Mn) Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Stage I Loan Assets 1,579,396 1,447,699 1,287,935 1,158,809 1,044,433 Stage II Loan Assets 10,624 4,577 5,340 10,556 5,042
Slide 70: Stable Funding Profile
OUR FINANCIAL OVERVIEW LIABILITIES Stable Funding Profile* (₹ in Mn) Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 YoY (%) QoQ (%) Secured Non-Convertible Debentures-Listed 360,720 375,645 321,449 313,249 235,516 53 (4) Borrowings from Banks/FIs 677,134 623,103 556,303 521,410 476,060 42 9 External Commercial
Slide 71: Financial Resilience Meets Operational Efficiency
OUR FINANCIAL OVERVIEW LIABILITIES Financial Resilience Meets Operational Efficiency Maintaining a Diversified Funding Profile* Positioned for Greater Operating Leverage (₹ in Mn) As of Mach 31, 2026 1% Mar-26 5% Outside Liabilities 1,422,021 19% Cash and Cash Equivalents & Bank Balances 116,912 49%
Slide 72: Break-up of Operating Expenses
OUR FINANCIAL OVERVIEW EXPENSES Break-up of Operating Expenses Yearly (₹ in Mn) Quarterly (₹ in Mn) Q4 FY Q3 FY Q2 FY Q1 FY Q4 FY Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 2026 2026 2026 2026 2025 Employee Benefit Expenses 18,248 14,506 12,816 11,044 9,487 4,153 5,087 4,585 4,423 3,979 Rent 3,232 2,932 2,6
Slide 73: Operating Expenses to Average Loan Assets
OUR FINANCIAL OVERVIEW EXPENSES Operating Expenses to Average Loan Assets Operational Efficiency Over the Years Yearly (%) Quarterly (%) 3.90 3.62 3.64 3.48 2.92 3.69 3.08 2.98 2.91 2.85 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Investor Presentation Q
Slide 74: Profitability at a Glance
OUR FINANCIAL OVERVIEW PROFITS Profitability at a Glance Yearly (₹ in Mn) Quarterly (₹ in Mn) 41,669 1,36,455 35,817 31,514 30,862 27,455 26,564 1,01,341 23,452 70,706 20,204 20,463 53,094 54,488 15,078 46,664 52,008 39,543 40,497 34,735 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q1 FY 2026 Q2 FY
Slide 75: Profitability Ratios
OUR FINANCIAL OVERVIEW PROFITS Profitability Ratios Yearly (%) Quarterly (%) Based on Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Q4 FY 2026 Q3 FY 2026 Q2 FY 2026 Q1 FY 2026 Q4 FY 2025 Average Loan Assets Interest Income to Avg. Loan Assets 20.16 18.49 17.94 17.70 20.06 20.76 20.34 19.99 19.56 18.57 Interest
Slide 76: Yield on Loan Assets and NIM
OUR FINANCIAL OVERVIEW RATIOS Yield on Loan Assets and NIM Yearly (%) Quarterly (%) 20.34 20.76 19.56 19.99 18.57 20.06 20.16 18.49 17.70 17.94 13.38 12.66 12.77 12.15 11.27 13.03 12.76 11.38 11.23 11.45 7.3 7.41 7.33 7.57 7.38 7.02 6.71 7.04 7.40 6.31 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q
Slide 77: Interest Spread
OUR FINANCIAL OVERVIEW RATIOS Interest Spread Yearly (%) Quarterly (%) 20.34 20.76 19.56 19.99 18.57 20.06 20.16 18.49 17.70 17.94 12.18 11.21 11.5 10.68 11.99 11.38 8.99 9.58 8.88 8.78 8.84 8.58 9.69 9.45 9.59 8.49 8.90 8.78 8.07 8.01 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q1 FY 2026 Q2 FY 2
Slide 78: Return on Average Loan Assets
OUR FINANCIAL OVERVIEW RATIOS Return on Average Loan Assets Yearly (%) Quarterly (%) 7.55 7.24 7.95 7.44 7.59 7.16 5.93 5.84 5.70 5.85 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Investor Presentation Q4 & FY 2026 40
Slide 79: Return on Average Equity
OUR FINANCIAL OVERVIEW RATIOS Return on Average Equity Yearly (%) Quarterly (₹%) 30.63 34.17 32.03 30.61 28.28 23.55 19.73 21.76 17.63 17.86 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Q4 FY 2025 Q1 FY 2026 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Investor Presentation Q4 & FY 2026 41
Slide 80: Ownership and Valuation
OUR FINANCIAL OVERVIEW SHAREHOLDING Ownership and Valuation Equity Market Valuation Ratios Shareholding Pattern (%) Shareholding as on March 31, 2026 FY 2026 3% Earnings Per Share (₹) NSE Ticker - Basic 252.43 23% MUTHOOTFIN - Diluted 252.43 BSE Ticker Mar-26 73% 533398 Book Value Per Share (₹) 940.
Slide 81: Muthoot Homefin (India) Limited
OUR SUBSIDIARY ECOSYSTEM Muthoot Homefin (India) Limited Muthoot Homefin (India) Limited (MHIL) is a registered Housing Finance Company under the National Housing Bank (NHB). Driven by a mission to provide affordable housing finance, MHIL strategically targets customers within the Economically Weake
Slide 82: Financial Snapshot: Muthoot Homefin
OUR SUBSIDIARY ECOSYSTEM MUTHOOT HOMEFIN (INDIA) LIMITED Financial Snapshot (₹ in Mn) FY 2026 FY 2025 Number of Branches 175 163 Number of Sales Offices 175 163 Number of Employees 969 924 Loan AUM (₹) 34,846 29,846 Loan Assets (₹) 29,742 25,706 Capital Adequacy Ratio (%) 31 22 Total Revenue (₹) 4,4
Slide 83: Financial Snapshot: Muthoot Homefin
OUR SUBSIDIARY ECOSYSTEM MUTHOOT HOMEFIN (INDIA) LIMITED Financial Snapshot (₹ in Mn) FY 2026 FY 2025 Disbursement (₹) 9,941 12,419 Borrowings (₹) 24,251 21,028 Debt Equity Ratio (%) 3.19 4.08 Yield on Advances (%) 13.35 13.30 Interest Spread (%) 4.65 4.39 NIM (%) 6.22 5.83 Cost to Income Ratio (%)
Slide 84: Muthoot Money Limited
OUR SUBSIDIARY ECOSYSTEM Muthoot Money Limited Muthoot Money Ltd (MML) is an RBI-registered Non-Banking Financial Company (NBFC) that specialises in extending gold loans. While initially established to provide commercial vehicle and equipment financing, the Company executed a strategic pivot away fr
Slide 85: Financial Snapshot: Muthoot Money
OUR SUBSIDIARY ECOSYSTEM MUTHOOT MONEY LIMITED Financial Snapshot (₹ in Mn) FY 2026 FY 2025 Number of Branches 998 992 Number of Employees 4884 4,437 Loan AUM (₹) 97,943 39,027 Capital Adequacy Ratio (%) 24 25 Total Revenue (₹) 12,941 4,299 Total Expense (₹) 8,425 4,138 Profit Before Tax (₹) 4,516 1
Slide 86: Muthoot Insurance Brokers Private Limited
OUR SUBSIDIARY ECOSYSTEM Muthoot Insurance Brokers Private Limited Muthoot Insurance Brokers Private Limited (MIBPL), an unlisted private limited company, operates as a licensed Direct Broker registered with the IRDA since 2013. The Company actively distributes a comprehensive portfolio of both life
Slide 87: Financial Snapshot: Muthoot Insurance Brokers
OUR SUBSIDIARY ECOSYSTEM MUTHOOT INSURANCE BROKERS PRIVATE LIMITED Financial Snapshot Key Business Parameters (₹ in Mn) FY 2026 FY 2025 Premium Collection (₹) 4,556 5,885 Number of Policies 1,663,653 2,509,553 Key Financial Parameters (₹ in Mn) FY 2026 FY 2025 Total Revenue (₹) 1,363 1,660 Total Exp
Slide 88: Asia Asset Finance PLC
OUR SUBSIDIARY ECOSYSTEM Asia Asset Finance PLC Operating for over 55 years, Asia Asset Finance PLC (AAF) is a fully licensed, deposit-taking institution registered with the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange. Originally established in 1970 to provide retail finance,
Slide 89: Financial Snapshot: Asia Asset Finance
OUR SUBSIDIARY ECOSYSTEM ASIA ASSET FINANCE PLC Financial Snapshot (LKR in Mn) FY 2026 FY 2025 LKR/INR 0.30080 0.28910 Number of Branches 115 100 Number of Employees 1,098 913 Loan AUM (LKR) 49,181 31,334 Capital Adequacy Ratio (%) 24 29 Total Revenue (LKR) 10,219 6,901 Total Expense (LKR) 8,293 6,2
Slide 90: Belstar Microfinance Limited
OUR SUBSIDIARY ECOSYSTEM Belstar Microfinance Limited Incorporated in 1988 and registered as an NBFC in 2001, Belstar Microfinance Limited (BML) was acquired by the 'Hand in Hand' group in 2008 to empower Self Help Group entrepreneurs. After launching operations in 2009 with a modest ₹0.20 Mn disbur
Slide 91: Financial Snapshot: Belstar Microfinance
OUR SUBSIDIARY ECOSYSTEM BELSTAR MICROFINANCE LIMITED Financial Snapshot (₹ in Mn) FY 2026 FY 2025 Number of Branches 1,312 1,281 Number of Employees 11,514 13,076 Loan AUM (₹) 82,224 79,699 Loan Assets (₹) 67,645 71,869 Capital Adequacy Ratio (%) 24 25 Total Revenue (₹) 18,290 21,250 Total Expense
Slide 92: Other Subsidiaries
OUR SUBSIDIARY ECOSYSTEM Other Subsidiaries Muthoot Asset Management Private Limited (₹ in Mn) FY 2026 FY 2025 FY FY2026 2026 FY 2025 Networth 1,356 1,280 Profit After Tax 76 74 Muthoot Trustee Private Limited (₹ in Mn) FY 2026 FY 2025 FY 2026 FY 2025 Networth 12 11 Profit After Tax 0.54 0.57 Invest
Slide 93: Stories that Strengthen Trust
MARKETING AND BRANDING INITIATIVES Stories that Strengthen Trust Our marketing places real customer experiences at the centre, turning everyday journeys into powerful expressions of trust. Our Flagship Campaign Current Brand Campaign From a campaign to a Fronted by Shri Amitabh Sunheri Soch long-ter
Slide 94: Making Every Interaction Better
WHAT POWERS MUTHOOT DIGITAL INFRASTRUCTURE Making Every Interaction Better The way we engage with customers has evolved, what once required a branch visit can now be completed in minutes on a smartphone. Redifining Customer Experience Scaling Operational Impact NEFT 71% 42% 25 Mn 100% 16.2 Mn RTGS S
Slide 95: The Infrastructure behind Every Customer Interaction
WHAT POWERS MUTHOOT DIGITAL INFRASTRUCTURE The Infrastructure behind Every Customer Interaction What the Customer Can Do What the Stack Does ✦ Pay back loans, top up existing ones, and apply for new Gold, ✦ Accepts inbound repayments across all major digital rails, including Personal, Business, Home
Slide 96: The Platforms that Power Muthoot
WHAT POWERS MUTHOOT DIGITAL INFRASTRUCTURE The Platforms that Power Muthoot Every platform our customers use, and the system that runs behind it. Bingo Lite - Apps on Google Play Investor Presentation Q4 & FY 2026 58
Slide 97: Giving Back, with Intent
CORPORATE SOCIAL RESPONSIBILITY Giving Back, with Intent We continue to invest in initiatives that improve quality of life, expand access to opportunity and support inclusive community ₹1,143 Mn 33.7 Lakh development across underserved segments. CSR Expenditure during FY 2026 Beneficiaries Touched i
Slide 98: Thank You
Thank You Registered Office Contact Us NH Bypass, Kochi, Ernakulam, [email protected] Kerala – 682028, India. www.muthootfinance.com