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Business Today

Muthoot Finance shares slide 11% after softer June-quarter results; brokerages reset targets

AI Market Summary
Muthoot Finance's 11% drop after a June-quarter earnings miss highlights sensitivity of gold-loan lenders to weakening gold prices and tighter margins. Slower AUM growth and a sharp NIM compression suggest competitive pressure and less favorable collateral dynamics, while broker target cuts reinforce a more cautious near-term read-through for gold-backed credit. The news underscores how softer bullion prices can transmit into loan growth and profitability.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.18%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Muthoot Finance fell 11% after reporting a weaker-than-expected June-quarter performance, with standalone AUM growth slowing to 43% YoY and 6% QoQ. Net interest margin narrowed 297 basis points QoQ to 10.4%, resulting in a 17% miss on profit after tax. A brokerage said softer gold prices and intensifying competition in the gold-loan market were key drivers.
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