Manappuram Finance stock hit all time high and Muthoot Finance stock gained after gold prices crossed ₹1,00,000
Share price of Muthoot Finance and Manappuram Finance hit their respective new highs, gaining 2% in Thursday's intra-day trade in an otherwise weak market
Muthoot Finance, Manappuram Finance and IIFL Finance shares jumped up to 7.7 per cent after RBI said LTV for gold loans below ₹2.5 lakh to be revised to 85 per cent from 75 per cent
The partnership brings Thomas Cook's Borderless Travel and Study Buddy cards to Muthoot's 7,000-branch network, expanding access to forex solutions across India
Shares of Muthoot Finance rose nearly 7 per cent on Friday after the government asked RBI to ensure small borrowers are not affected
Muthoot FinCorp, a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. The board has also approved a proposal to raise up to Rs 8,000 crore through non-converti
George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down
Muthoot Finance stock fell as much as 5.22 per cent during the day to ₹2,142 per share, the biggest intraday loss since April 11 this year
Muthoot Finance Q4 result: The company declared its highest interim dividend of ₹26 per share for FY25 in April
Q4 FY25 company results today: Muthoot Finance, Torrent Power, and Hitachi Energy will be among 126 companies to post earnings reports for the January-March quarter
Muthoot Finance share price: In past one year, Muthoot Finance shares have gained 30 per cent as against Sensex's rise of 7 per cent
Gold loan financier Muthoot Finance on Monday said its board has approved an interim dividend of Rs 26 per share ahead of their quarterly numbers for the fourth quarter of FY25. The board on Monday considered and approved the payment of an interim dividend of Rs 26 per equity share or 260 per cent of the face value of Rs 10 per share for the financial year 2024-25, Muthoot Finance said in a regulatory filing. Besides, it recommended for approval of the shareholders, an increase in the borrowing powers of the Board of Directors for an amount up to Rs 2 lakh crore, it added. The board also approved the appointment of George Joseph as an independent Director of the company. The proposals are subject to shareholders' approval, it added.
The Reserve Bank of India has proposed new rules to streamline gold loan practices, aiming to bring more transparency and control as lending in this segment grows rapidly.
In March, reportedly, India's central bank had plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds
Moody's Ratings has upgraded gold financier Muthoot Finance Ltd's long-term corporate family rating from Ba2 to Ba1. The rating outlook remains stable
Muthoot Finance is trading higher for the 3rd straight day, surging 10% after S&P Global Ratings upgraded the Long Term issuer rating of the company to 'BB+/B' from 'BB/B' with a stable outlook.
The flagship company of Muthoot Group is one of the largest gold loan-focused NBFCs in India
In India, Gold futures surpassed the Rs 86,000 per 10 gram-mark on the Multi-commodity Exchange (MCX) last week
On Wednesday, after market hours, Muthoot Finance reported a 22 per cent rise in net profit during the third quarter to Rs 1,392 crore, as compared to Rs 1,145 crore in Q3FY24
Stocks to Watch on February 13, 2025: Investors will focus on Q3 results of Godrej Industries, ITI and others. They will also focus on stock specific development in Vi, ONGC, NTPC Green and others