Stock Report

Muthoot Homefin (India) Limited Q1 FY27 Performance Overview

Posted On : 2026-08-02 19:27:41( TIMEZONE : IST )

Muthoot Homefin (India) Limited (MHIL), the wholly owned housing finance subsidiary of Muthoot Finance Limited, reported its financial performance for the first quarter ended June 30, 2026 (Q1 FY27).

The affordable housing lender registered a 13% year-on-year (YoY) expansion in Loan Assets Under Management (AUM), alongside a doubling of net profits compared to the corresponding period last fiscal year.

Key Financial Highlights

1. Loan Portfolio & Customer Base

Loan AUM: Reached ₹3,496 crore in Q1 FY27, up 13% YoY from ₹3,096 crore in Q1 FY26 (and up marginally from ₹3,485 crore in Q4 FY26).

Loan Assets: Stood at ₹3,012 crore, compared to ₹2,677 crore in Q1 FY26 and ₹2,974 crore in Q4 FY26.

Customer Base: Served 35,184 customers as of June 30, 2026, up from 31,783 in Q1 FY26.

2. Revenue & Profitability

Total Revenue: Increased 11% YoY to ₹110 crore in Q1 FY27 compared to ₹99 crore in Q1 FY26 (down sequentially from ₹119 crore in Q4 FY26).

Total Expenses: Stood at ₹104 crore, compared to ₹94 crore in Q1 FY26 and ₹85 crore in Q4 FY26.

Profit Before Tax (PBT): Reported at ₹6 crore, up 20% YoY from ₹5 crore in Q1 FY26.

Profit After Tax (PAT): Surged 114% YoY to ₹4 crore, compared to ₹2 crore in Q1 FY26 (down sequentially from ₹26 crore in Q4 FY26).

3. Capital Structure & Balance Sheet

Shareholders' Funds: Expanded to ₹765 crore as of June 30, 2026, compared to ₹517 crore in Q1 FY26 and ₹761 crore in Q4 FY26.

Capital Adequacy Ratio (CAR): Well-capitalized at 29%, well above regulatory requirements.

Total Assets: Stood at ₹3,299 crore, while Total Outside Liabilities were recorded at ₹2,534 crore.

4. Asset Quality & Provisions

Stage III Loan Assets: Stood at ₹76 crore as on June 30, 2026.

% Stage III Assets: Gross Stage III ratio came in at 2.52%, improving sequentially from 2.63% in Q4 FY26, though higher than 1.60% in Q1 FY26.

ECL Provisions: Total Expected Credit Loss (ECL) provisions stood at ₹49 crore (1.64% of Gross Loan Assets), with Stage III ECL provisions at ₹25 crore.

Operational Footprint & Credit Ratings

Network & Infrastructure

Operating Model: Operates on a Hub and Spoke model, with centralized loan processing managed from its corporate headquarters in Mumbai.

Geographic Presence: Footprint spans 15 states and 3 Union Territories (including Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Kerala, Karnataka, Telangana, Andhra Pradesh, Haryana, Chandigarh, Uttar Pradesh, Chhattisgarh, Punjab, Tamil Nadu, Delhi, Pondicherry, Uttarakhand, and Himachal Pradesh).

Branch Network: Operates 176 branches and 176 sales offices, supported by a staff strength of 957 employees.

Credit Ratings Profile

MHIL maintains top-tier credit ratings across rating agencies:

Commercial Paper (Short-Term): Rated ICRA A1+ and CARE A1+, indicating a very strong degree of safety regarding timely payment of financial obligations and lowest credit risk.

Bank Limits & NCDs (Long-Term): Rated CRISIL AA+/Stable and CARE AA+/Stable, indicating a high degree of safety with regard to timely servicing of financial obligations and very low credit risk.

Shares of Muthoot Finance Limited was last trading in BSE at Rs. 3120.10 as compared to the previous close of Rs. 3008.55. The total number of shares traded during the day was 61492 in over 5022 trades.

The stock hit an intraday high of Rs. 3144.60 and intraday low of 3015.00. The net turnover during the day was Rs. 191022784.00.