MUTHOOT FINANCE LTD. - 533398 - Announcement Under Regulation 30 - Pendency Of Litigation
Announcement under Regulation 30 - Pendency of Litigation14-08-2023
14-08-2023
Muthoot Finance plunges 6% as Morgan Stanley cut rating after Q1 earnings
Morgan Stanley downgrades Muthoot Finance to underweight', citing structural risks to gold loan growth and yields from competition14-08-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of the Analyst Call on Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 202312-08-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement regarding quarterly financial results for the quarter ended June 30, 202312-08-2023
Muthoot Finance Results Earnings Call for Q1FY24
Conference Call with Muthoot Finance Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.12-08-2023
Muthoot Finance posts first quarterly profit growth in six quarters
The average loan ticket size grew by 14% year-over-year in the quarter while the total weight of pledged gold jewellery rose by 2%, the company said in a filing.11-08-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Acquisition
Infusion of Additional Equity in Muthoot Money Limited11-08-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of additional equity shares of Belstar Microfinance Limited11-08-2023
Q1FY24 Quarterly Result Announced for Muthoot Finance Ltd.
Non-banking financial company Muthoot Finance announced Q1FY24 results: Q1 historic highest growth in loan assets of Rs 4,429 crore in Q1FY24, up by 7% QoQ Q1 historic highest growth in gold loan assets of Rs 4,164 crore in Q1FY24, up by 7% QoQ Historic highest disbursements in gold loan assets of Rs 53,612 crore in Q1FY24 Consolidated loan assets Uunder management stood at Rs 76,799 crore, up by 21% YoY Consolidated profit after tax stood at Rs 1,045 crore for Q1FY24, up by 27% YoY Standalone loan assets under management stood at Rs 67,639 crore, up by 19% YoY Standalone profit after tax stood at Rs 975 crore for Q1FY24, up by 22% YoY Opened 59 new branches by the Group in Q1FY24 Muthoot Finance received permission from RBI in July 2023 to open 114 new branches Raised Rs 179 crore through the 31st Public Issue of Secured Redeemable Non-Convertible Debentures mainly from retail investors George Jacob Muthoot, Chairman, The Muthoot Group said, “Muthoot Finance has continued to deliver a strong performance in Q1FY24 and achieved Consolidated Loan AUM of Rs 76,799 crore, registering a growth of 21% YoY. Consolidated profit after tax grew by 27% YoY and stood at Rs 1,045 crore. We achieved the highest ever consolidated loan assets growth in any Q1 of Rs 5,302 crore. Our subsidiaries Muthoot Homefin, and Belstar Microfinance continue to report strong disbursements and as a result, the contribution of our subsidiaries to the overall consolidated loan AUM has increased to 12%. Our vision is to remain a leader in the gold loan business and at the same time cater to our large customer base with various loan products to meet their varied requirements. The Indian economy has been resilient so far, driven by strong domestic demand, and a pick-up in investment activity, signifying its enduring strength. As a result, we continue to foresee improved demand conditions for gold loans, small and personal and business finance loans in the current financial year.” George Alexander Muthoot, Managing Director said, "Our Gold loan AUM continued to grow at a robust pace of 18% YoY and 7% QoQ and stood at Rs 66,039 crore in Q1FY24. Our strategic focus on disbursements, operational efficiency, and margins has led to a profit after tax of Rs 975 crore in Q1FY24, and profits grew 22% YoY. A resilient Indian economy, and improved demand conditions, make us optimistic about growing our gold loan book by 10-15% in FY24. With a continued focus on loan disbursements and recovery efforts, we are confident of maintaining our NIMs around 11%. Our non-gold loan segments continue to witness an improved business environment, and our new products - small business loans and micro-personal loans have reported good traction this quarter. Result PDF11-08-2023
MUTHOOT FINANCE LTD. - 533398 - Results- Financial Result For Quarter Ended 30.06.2023
Results - Financial Result for quarter ended 30.06.202311-08-2023