Muthoot Finance reported a consolidated profit of Rs 2,016.2 crore for Q1 FY26, marking a 73.2% year-on-year increase from Rs 1,164 crore. Its net interest income rose 42.8% to Rs 3,933.1 crore compared to Rs 2,753.8 crore in the previous year. Following these results, Muthoot Finance shares surged between 10% and 12%, reaching an all-time high with price targets raised to Rs 2,920 and Rs 2,950 by analysts. Meanwhile, Muthoot FinCorp's Q1 FY26 profit declined 34% to Rs 200.54 crore, although revenue increased 12.83% to Rs 2,260.41 crore and assets under management (AUM) grew 31.85% to Rs 51,867 crore, with disbursements up 53.69%. Muthoot Microfin aims to increase its AUM from Rs 12,253 crore to Rs 20,000 crore by FY27, focusing on raising its secured loan share to 35% through loan against property (LAP), gold co-lending, and individual lending products. In other corporate earnings, Ashok Leyland posted a Q1 FY26 profit of Rs 657.72 crore, driven by record commercial vehicle volumes, improved market execution, and cost discipline, with revenue rising 9.5% and exports reaching an all-time high. Sumitomo Mitsui Financial Group's stock climbed to an 18-year high at ¥4,164, supported by rising interest rates and strong earnings momentum, with a 13.72% gain over four weeks and 28.18% over the past year. Additionally, shares of Nuvama Wealth rose 3% after in-line Q1 results, and Rishabh Instruments shares jumped 20% despite a weak broader market. Zydus Lifesciences reported improved Q1 performance but maintained a cautious outlook. Japanese stocks including Tokai Carbon, Fujikura, Furukawa Electric, and Amuse also saw notable gains amid positive earnings and market sentiment.
With RBI rate cuts yet to fully pass through to bank loans, corporate India is tapping bond and equity markets at record levels, taking advantage of lower costs and better valuations. @subratapanda reports #RBI #Loans #Bonds #EquityMarkets https://t.co/s1kzR9IUpn
Ashok Leyland Q1 FY26 profit rose to ₹657.72 crore on record CV volumes, improved market execution and cost discipline, with revenue up 9.5% and exports at an all-time high. #AshokLeyland #Q1FY26 #CV #Q1Results | @shinejac https://t.co/7TLvDZbJxs
Muthoot Microfin plans to grow AUM from ₹12,253 cr to ₹20,000 cr by FY27, raising secured loan share to 35% through LAP, gold co-lending and individual lending products. Aathira Varier reports #MuthootMicrofin #AUM #Loans #GoldLoan https://t.co/t9Qgvv3Vuq