Muthoot Finance Share Price Live blog for 13 Nov 2023
Muthoot Finance stock price went up today, 13 Nov 2023, by 0.4 %. The stock closed at 1273.65 per share. The stock is currently trading at 1278.8 per share. Investors should monitor Muthoot Finance stock price closely in the coming days and weeks to see how it reacts to the news.
MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement of Unaudited Financial Results for the quarter ended September 30, 2023
Muthoot Finance shares tank 7 percent as net profit in Q2 below estimates
Muthoot Finance's management continued to guide for 15-20 percent gold loan growth in FY24. H1FY24 Bi-Annual Result Announced for Muthoot Finance Ltd.
Non-banking Financial company Muthoot Finance announced H1FY24 results: Highest growth in loan assets of Rs 11,771 crore in H1FY24, up by 21% YoY Highest growth in gold loan assets of Rs 11,016 crore in H1FY24, up by 20% YoY Consolidated loan assets under management stood at Rs 79,493 crore, up by 24% YoY Consolidated profit after tax stood at Rs 2,140 crore for H1FY24, up by 24% YoY Standalone loan assets under management stood at Rs 69,002 crore, up by 21% YoY Standalone profit after tax stood at Rs 1,966 crore for H1 FY24, up by 18% YoY Opened 331 new branches by the group in H1FY24 Raised Rs 700 crore through the 32nd Public Issue of Secured Redeemable Non-Convertible Debentures which was oversubscribed on the first day of the issue George Jacob Muthoot, Chairman, The Muthoot Group said, “Muthoot Finance continues its growth journey delivering 24% YoY consolidated loan AUM growth reaching Rs 79,493 crore and 24% YoY growth in consolidated profit after tax of Rs 2,140 crore for first half of FY 2024. This was aided by strong growth in the gold loan portfolio of Rs 11,016 crore and the microfinance loan portfolio of Rs 2,736 crore. The increased profits came from gold loans, microfinance, housing finance as well and insurance broking businesses. We are focusing on maintaining strong leadership in the gold loan business and a gradual calibrated growth in the non-gold loan business comprising microfinance, housing finance, vehicle loans, personal loans, business loans, small business loans, and loans against property and corporate loans. Over the next five years, we are keen on increasing the proportion of non-gold businesses to 18% from the present 13%. The Indian economy continues to be resilient amidst global challenges and growth is underpinned by strong demand conditions, investment in public infrastructure, and a stable financial sector. As a result, we remain optimistic on strong growth momentum for our gold loans and non-gold loan business.” George Alexander Muthoot, Managing Director said, "Our gold loan assets under management demonstrated strong growth, led by strong demand trends in both urban and semi-urban markets. Gold loan AUM grew 20% YoY and by 9% during the 1st half of FY 2024 reaching Rs 67,517 crore. We also witnessed the highest-ever gold loan advance to new customers in the first half of a year of Rs 8,109 crore. We have continued our strategic emphasis on disbursements, operational efficiency, and margins, which has resulted in our profits growing 18% YoY at Rs 1,966 crore in the 1st half of FY2024. We strongly believe that the resilience of the Indian economy, its positive outlook coupled with optimistic consumer and business sentiments, will keep the gold loan demand strong, and we retain our guidance of growing our gold loan book by 10-15% in FY24. Further, our non-gold loan businesses in subsidiaries continue to do well, with disbursements during the first half of the year increasing by 76% to Rs 4,294 crore in the microfinance business and by 164% to Rs 278 crore in the housing finance business. Total revenue on insurance broking business during the first half of the year increased by 85% at Rs 47 crore. We retired USD-denominated Senior Secured Notes amounting to USD550 Million, during 1st half of FY2024 which carried a high cost. We also opened 331 new branches in the first half of the year including in subsidiaries and we will continue to expand our range of financial solutions, enhancing customer engagement, and addressing their diverse financial needs. Our investment in digital strategy is paying off well with nearly 39% of our customer transactions now happening via our various digital channels.” Result PDF
Muthoot Finance Results Earnings Call for Q2FY24
Conference Call with Muthoot Finance Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript. MUTHOOT FINANCE LTD. - 533398 - Disclosure Under Regulation 23
Disclosure under Regulation 23 MUTHOOT FINANCE LTD. - 533398 - Results-Unaudited Financials For The Quarter And Half Year Ended September 30,2023
Results-Unaudited Financials for the quarter and half year ended September 30,2023 MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on Unaudited financial results for the quarter and half year ended September 30, 2023 MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor presentation: quarter ended September 30,2023 MUTHOOT FINANCE LTD. - 533398 - Board Meeting Outcome for Outcome Of Board Meeting Held On November 09, 2023
Outcome of Board Meeting held on November 09, 2023