While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans.
Gold-financers Muthoot Finance and Manappuram Finance saw a divergence in stock performance primarily due to stock re-rating, says Sunny Agrawal, Head of Fundamental Research at SBI Securities.
Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26.
Muthoot Finance was up 4.7 per cent intraday to ₹2,997.80, while Manappuram Finance rose 3.2 per cent to ₹351. IIFL Finance rose 3 per cent to ₹649 apiece, CSB Bank moved the most, gaining 5 per cent.
Muthoot Finance reported a 43 per cent increase in its consolidated profit to ₹2,825 crore for the first quarter ended June 2026.
Gold loan NBFC Muthoot Finance on Saturday reported a 43 per cent increase in its consolidated profit to Rs 2,825 crore for the first quarter ended June 2026. The company had posted a profit of Rs 1,974 crore in the corresponding quarter of the previous year. Total income rose to Rs 8,695 crore for the quarter under review from Rs 6,485 crore in the April-June quarter of FY26, Muthoot Finance said in a regulatory filing. At the same time, total expenses increased to Rs 4,898 crore as against Rs 3,812 crore reported in the first quarter of the previous financial year. The company's loan assets under management increased 43 per cent to Rs 191,532 crore as against Rs 1,33,938 crore last year in the same period. The board in its meeting also recommended the appointment of Alexander George as the managing director of the company, effective October 1, 2026. The appointment is subject to approval of the shareholders in the upcoming AGM of the company, it said. The board also cleared the
Q1FY27 company results: Firms including Aarti Surfactants, Aditya Birla Lifestyle Brands, APL Apollo Tubes, and Utkarsh Small Finance Bank are also to release their April-June earnings today
Investec noted that gold NBFCs are dependent on the gold price, with negligible volume growth. It expects a 12 per cent gold price appreciation in line with long-term history.
Nifty Next 50 index hit a 52-week high of 73,098.9, surging 4% on the National Stock Exchange in Monday's intra-day, and has soared 7% in the past two trading days.
Muthoot Finance share price hit an intra-day low of ₹2,870.45 and has corrected 31 per cent from its 52-week high of ₹4,149 touched on January 29, 2026.
Muthoot Fincorp on Saturday announced plans to go public and raise up to Rs 4,000 crore through an initial public offering (IPO). The non-bank lender reported a net profit of Rs 1,640 crore for FY26, more than double of the Rs 787 crore in in FY25. The gold loan-focused non-bank lender's IPO will comprise a fresh issue of equity shares which can be deployed for future growth, as per an official statement. The decision for an IPO was taken at a board meeting on Saturday. Without sharing any details on the timelines, the statement said the issue is subject to shareholder approval, market conditions and regulatory clearances. The IPO activity is very lull in FY26, after a very busy FY25, where companies raised record amounts. However, most of the IPOs were secondary transactions where existing investors were exiting and concerns were also raised about fresh issuances. Alongside the IPO plan, the Muthoot board also approved a stock split, subdividing equity shares of face value Rs 10
Muthoot Finance's total income increased by 65.1 per cent year-on-year to ₹9,291.36 crore, compared to ₹5,627.37 crore in the year-ago period
Notably, Indian equity markets will remain closed on Tuesday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti.
Bank, realty, auto and financial services stocks surged up to 10 per cent after the Reserve Bank of India (RBI) maintained status quo
The Indian equity market was trading sharply higher, driven by hopes of de-escalation in the war between US-Israel and Iran
Among others Dr. Reddy's, Apollo Hospitals, M&M Finance, Muthoot Finance, Tata Power, Balrampur Chini and Sammaan Capital soared up to 20% from recent lows to cross the long-term average, shows data.
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
Shares of midcap and smallcap companies came under pressure on Monday as Rising tensions between the US-Israel and Iran have raised concerns about potential disruptions to global oil supply