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Muthoot Finance 11% Lower from Top — Is Consolidation Building Base for Upside?

Muthoot Finance 11% Lower from Top — Is Consolidation Building Base for Upside?

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Financial Highlights – Muthoot Finance (NSE: MUTHOOTFIN) Q3FY26: Profit Surges 94.94%, Gold Loan AUM at Record High

  • Standalone net profit rose 94.94% YoY to ₹2,656.00 crore, compared with ₹1,363.00 crore in Q3FY25.
  • Revenue from operations climbed 64.00% YoY to ₹7,243.00 crore, led by a 00% rise in interest income to ₹7,114.00 crore.
  • Gold loan AUM increased by ₹14,740.00 crore in Q3, registering 00% sequential growth.
  • Standalone loan AUM reached an all-time high of ₹1.48 lakh crore, up 00% YoY as of 9MFY26.
  • Nine-month AUM expanded 36.00%, prompting management to revise FY26 loan growth guidance upward to 00%.
  • Consolidated loan AUM touched ₹1.65 lakh crore, reflecting 00% growth during 9MFY26.
  • Shares declined 00% following the results, amid questions around the durability of the sharp earnings acceleration.

Muthoot Finance (NSE: MUTHOOTFIN)

Muthoot Finance (NSE: MUTHOOTFIN) declined 11.37% on 13 February 2026, trading near ₹3,604.30, even as underlying business momentum remained steady. The company continues to benefit from healthy expansion in its gold loan portfolio and stable demand conditions across lending segments. While the recent price movement reflects short-term recalibration, operational trends indicate sustained growth in assets under management. Overall, the broader structure in the gold financing space remains supported by consistent credit demand and disciplined expansion.

Q3 FY26 Results: Muthoot Finance (NSE: MUTHOOTFIN) Falls 11% on Doubts Over Sustainability of Earnings Jump

Muthoot Finance (NSE: MUTHOOTFIN) fell 11% following its December quarter results, as questions emerged around the sustainability of the sharp earnings acceleration. The decline came despite the company reporting record expansion in its loan portfolio and profitability. Gold loan disbursements remained elevated, supported by steady credit demand and operating leverage gains. Management also raised its full-year growth outlook, while consolidated performance reflected improving traction across subsidiary businesses.

Technical View: Muthoot Finance Slides 11.37%, Tests Key Levels After Breaking 50-Day Average

From a technical perspective, Muthoot Finance Ltd. (NSE: MUTHOOTFIN) declined to ₹3,604.30, down 11.37% in the latest session, slipping below its 50-day SMA at ₹3,817.36 and indicating a softer near-term structure. The move reflects heightened volatility following the prior uptrend, while the broader trajectory remains relatively elevated. Momentum has moderated, with the RSI at 43.53. On the downside, levels are observed near ₹3,400.00 and ₹3,000.00, while upside hurdles are placed around ₹4,000.00 and ₹4,500.00.

Bottom Line: Muthoot Finance 11% Drop — Pause or Trend Shift?

Despite record earnings and accelerated AUM growth, Muthoot Finance saw an 11% correction, reflecting caution around the durability of its earnings surge. While fundamentals remain robust, near-term price behaviour suggests consolidation as markets reassess the sustainability of recent momentum.

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