Muthoot Finance is it getting the shine back?
With a higher share of non-gold business, growth may resume but return ratios will be compressed and earnings trajectory will be modest13-06-2023
13-06-2023
MUTHOOT FINANCE LTD. - 533398 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Secretarial Compliance Report for the year ended March 31, 202330-05-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Audio Recording and Transcript of the Analyst call on Audited Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2023.25-05-2023
Neutral Muthoot Finance; target of Rs 1125: Motilal Oswal
Motilal Oswal recommended Neutral rating on Muthoot Finance with a target price of Rs 1125 in its research report dated May 20, 2023.23-05-2023
Muthoot's Fin's AUM is growing, but what about asset quality?
Muthoot Finance's Q4 results saw an increase of 9% in gold loan assets under management, leading to an 8.6% rise in the company's stock. However, the increase in non-performing assets and potential contraction of net interest margin have left analysts cautious. The company's management expects over 15% gold loan AUM growth for FY24.22-05-2023
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement of Audited Financial Results for the Quarter and Year ended March 31, 202322-05-2023
MUTHOOT FINANCE LTD. - 533398 - Declaration With Respect To Audit Report With Unmodified Opinion
Declaration with respect to Audit report with unmodified opinion to the Audited Standalone Financial Results and Audited Consolidated Financial Results for the financial year ended March 31, 202319-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Muthoot Finance Ltd.
Non-banking Financial company Muthoot Finance announced Q4FY23 & FY23 results: Historic Highest Growth in Loan Assets of Rs 5,479 crore in Q4FY23 Historic Highest Growth in Gold Loan Assets of Rs 5,051 crore in Q4FY23 Historic Highest Disbursements in Gold Loan Assets of Rs 51,850 crore in Q4FY23 Consolidated Loan AUM stood at Rs 71,497 crore, up by 10% QoQ Consolidated Profit after Tax stood at Rs 1,009 crore for Q4FY23, up by 8% QoQ Standalone Loan AUM stood at Rs 63,210 crore, up by 9% QoQ Standalone Profit after tax stood at Rs 903 crore for Q4FY23 Loan portfolio for FY23 increased to Rs 387 crore, as against Rs 207 crore in FY22 Total revenue for FY23 grew by 24% to Rs 56 crore, as against Rs 45 crore during in FY22 Profit after Tax increased to Rs 0.24 crore in FY23 from a loss of Rs 7 crore in FY22 Interim dividend for FY23 of 220% i.e., Rs 22/- per Equity Share of Rs 10/- each involving a payout of Rs 883 crore Commenting on the company’s performance, George Jacob Muthoot, Chairman, Muthoot Group said, “We achieved highest ever consolidated loan assets growth in any Q4 of Rs 5,479 crore. Consolidated Profit after tax for Q4 stood at Rs 1,009 crore. Our vision is to remain a leader in the gold loan business and at the same time cater to a large customer base with various loan products to meet their varied requirements. In this process, we expect to grow the loan book by 10-15% during FY 24. We continue to engage in various social projects and has spent Rs 96 crore under CSR during FY23. We continue to share the profits generated during the year to our shareholders by paying an interim dividend of 220% ie., Rs 22/- per Equity Share of Rs 10/- each which involved a total payout of Rs 883 crore.” George Alexander Muthoot, Managing Director said, "The Gold Loan assets growth during Q4FY23 of Rs 5,479 crore was the highest ever in any Q4. The disbursements also stood a historic high in any Q4 at Rs 51,850 crore. Profit after tax remained steady for the quarter at Rs 903 crore. Increase in Stage 3 assets is purely an accommodation given to customers for few more months on the back of higher collateral value and we do not envisage any loss on account of the extended time. We have entered into new lending products like small business loans as well as micro personal loans. We intend to achieve calibrated growth in these new products during FY24. We also see revival in disbursements in subsidiaries. Microfinance achieved a YoY loan growth of Rs 1,827 crore. Housing Finance business achieved a QoQ loan growth of Rs 28 crore Vehicle finance business achieved a disbursement of Rs 24 crore in Q4FY23 as against Rs 20 crore during 9M FY23." Result PDF19-05-2023
MUTHOOT FINANCE LTD. - 533398 - Disclosure Under Regulation 23
Disclosure Under Regulation 2319-05-2023