Home / Business and Economy / Muthoot MCred Surges: Profits Double in Q3 FY26
Muthoot MCred Surges: Profits Double in Q3 FY26
18 Feb
Summary
- Muthoot MCred's net profit more than doubled to ₹52.16 crore in Q3 FY26.
- Total income from operations increased by over 44% year-over-year to ₹294.83 crore.
- Assets Under Management reached ₹5,494.58 crore by the end of Q3 FY26.
Muthoot MCred Limited, previously known as Muthoottu Mini Financiers Ltd, announced impressive financial results for the third quarter of fiscal year 2026 (Q3 FY26). The company achieved a net profit of ₹52.16 crore, a substantial increase from ₹27.18 crore in Q3 FY25. This strong performance is attributed to steady portfolio expansion and improved operating leverage.
During Q3 FY26, Muthoot MCred's total income from operations rose to ₹294.83 crore, up from ₹203.52 crore in the same period last year. The company's Assets Under Management (AUM) reached ₹5,494.58 crore as of December 31, 2025, underscoring the continued growth of its secured gold loan portfolio. The company's leadership highlighted a commitment to portfolio quality and enhanced customer experience through technology.
Mathew Muthoottu, Managing Director, stated that the transition to Muthoot MCred signifies an evolution into a future-ready, professionally managed institution. P E Mathai, CEO, emphasized the focus on strengthening portfolio quality and leveraging technology for improved customer experience while maintaining prudent risk management.
