{"id":334733,"date":"2026-11-02T13:35:24","date_gmt":"2026-11-02T08:05:24","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334733"},"modified":"2026-11-02T13:35:24","modified_gmt":"2026-11-02T08:05:24","slug":"muthoot-finance-gold-loan-aum-growth-asset-quality-stress-competition-q2-fy27-analysis","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/muthoot-finance-gold-loan-aum-growth-asset-quality-stress-competition-q2-fy27-analysis\/","title":{"rendered":"Muthoot Finance Gold Loan AUM Loses Sheen? Q2 FY27 Shows 43% Growth to Rs 1.79 Lakh Crore but Gross NPA Jumps to 3.87%, Raising Asset Quality and Competition Questions"},"content":{"rendered":"

Muthoot gold loan AUM Rs 1,78,956 cr, up 43%; standalone profit Rs 2,977 cr, up 27%. But gross NPA rose to 3.87% from 2.28%. Stock Rs 2,487.60 (1:13 PM, 2 Nov).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Muthoot Finance gold loan AUM rose 43% year-on-year to Rs 1,78,956 crore in Q2 FY27 on a standalone basis, and consolidated loan AUM grew 42% to Rs 2,09,317 crore, but standalone gross NPA rose to 3.87% from 2.28% in the previous quarter. Profit grew 27% to Rs 2,977 crore (consolidated Rs 3,278 crore, up 36%). The stock was at Rs 2,487.60, up 3.28%, at 1:13 PM IST on 2 November 2026.<\/p>\n<\/p><\/div>\n

Muthoot Finance gold loan AUM<\/strong> is still growing at a pace most lenders cannot match, yet the quality of that growth is now under question. This article sets out the Q2 FY27 numbers, why asset quality<\/strong> has weakened, how competition and the RBI’s new gold loan rules fit in, and where the stock and its valuation stand.<\/p>\n

Share prices are as of 1:13 PM IST on 2 November 2026. Financials are from Muthoot Finance’s Q2 FY27 results of 30 and 31 October 2026.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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