Muthoot Finance reported a strong Q3FY26 performance, marked by sharp balance sheet expansion, elevated profitability and improving asset quality. The gold loan portfolio scaled to historic highs, driving standalone AUM up 51% YoY, while consolidated AUM rose 48% YoY. Profitability remained robust, with standalone PAT for 9MFY26 growing 91% YoY, supported by operating leverage, benign credit costs and recovery-led income. Importantly, average LTVs remain conservative, providing strong downside protection amid gold price volatility. Additionally, recent RBI relaxations on branch expansion are structurally...