Page 5 - Muthoot Finance

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

Stringent rules for education loans turn parents towards gold loans

The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago

Muthoot Finance misses Q4 profit view amid weak macroeconomic environment

The gold loan industry has continued to benefit from a surge in the metal's prices amid an increase in safe-haven investment in gold due to market volatility

Muthoot Microfin to foray into Andhra Pradesh, Telangana in FY24

It is also expecting the disbursement too to touch Rs 11,000 crore during the year. In 2022-23, the company saw its disbursements increasing to Rs 8,104 crore, up from Rs 4,600 crore last year

ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100

Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index

Muthoot Microfin expects 25-30% growth in loan disbursals in FY23

The third largest microlender Muthoot Microfin expects to disburse 25-30 per cent more loans this fiscal, taking its assets to around Rs 12,000 crore. The Kerala-based firm, promoted by the diversified Muthoot Pappachen Group that's more known for its flagship gold loan business, closed FY23 with a loan book of Rs 9,209 crore and a likely net income of Rs 200 crore. In the pandemic-hit FY22, its loan book stood at Rs 6,300 crore from which it had earned Rs 79 crore of net income, chief executive Sadaf Sayeed told PTI. He attributed the massive loan book expansion to the low base in the pandemic hit year, and bases his optimism to maintain the momentum on the rising need for liquidity among its customers, even though the interest rates have risen. Given rising rates and the resultant higher spread, he expects a margin expansion and close the current fiscal with at least Rs 350 crore of profit. Sayeed said margin has improved from 10 per cent pre-May 2022 to over 12 per cent now. He

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts

Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

Muthoot Finance to raise Rs 500 crore through secured redeemable NCDs

Basic issue size is Rs 100 cr, with Rs 400 cr green shoe; open between Feb 8 and March 3 with listing on BSE

Muthoot Finance December quarter profit beats estimates on high gold prices

BENGALURU (Reuters) - Muthoot Finance Ltd reported a third-quarter profit on Monday that beat analysts' estimates, as higher gold prices boosted demand during the festive season

Muthoot Finance consolidated net dips 11% YoY to Rs 934 crore in Q3

Total income declines 4% to Rs 3,030 crore, loan assets grow 7% tp Rs 65,000 cr

Muthoot Finance to raise Rs 300 crore through secured redeemable NCDs

The issue offers an attractive rate of return of 7.75% to 8.25% to retail and HNI investors

Muthoot Finance Q2 profit down 10% to Rs 902 cr due to fall in income

Muthoot Finance on Thursday reported a decline of 10 per cent in its consolidated net profit at Rs 901.6 crore in the July-September quarter of FY23 as income fell. The country's largest gold financier in terms of loan portfolio had posted a net profit of Rs 1,002.90 crore in the same period of the previous fiscal year. Compared sequentially, however, the net profit rose by 9 per cent from Rs 825 crore in June 2022 quarter. Company's total income during July-September period of 2022-23 fell to Rs 2,841.9 crore as against Rs 3,064.8 crore in the same period of 2021-22, Muthoot Finance said in a regulatory filing. The interest income was down by 8.2 per cent at Rs 2,757.9 crore in Q2FY23 from Rs 3,003.3 crore in the year-ago period. With 4,641 branches across India, Muthoot Finance said that rural India accounts for about 65 per cent of total gold stock in the country. Muthoot Finance also offers services such as money transfer, collection services, business and personal loans. As

Here's why Mehul Kothari is bullish on Glenmark Pharma, Muthoot Finance

According to the technical analyst from Anand Rathi, Glenmark Pharma can surge to Rs 460, while Muthoot Finance can rally to Rs 1,175.

Varun Beverages, ABB, Page among six stocks that could become large-caps

They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics

Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt

Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015

Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr

Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'

M&M Finance, SBI Card: Financiers eye over 10% upside amid festive cheer

Among consumer financiers, Mahindra & Mahindra and Cholamandalam Investment look strong on charts, while Bajaj Finance and Muthoot Finance need to overcome key hurdles for an upside, indicate charts.

Stocks to Watch: NBFCs, RIL, Concor, IOL Chemicals, M&M, Jet Airways, VIL

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

Fitch affirms rating for 4 NBFCs, maintains stable outlook for all

The financial condition of Shriram Transport Finance, Muthoot Finance, Manappuram Finance and IIFL Finance is satisfactory, says agency

Top headlines: Vehicle sales up 8% in Aug; Fitch affirms rating for 4 NBFCs

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent