Page 7 - Muthoot Finance

Muthoot Finance soars 17% in two days, hits new high on strong Q4 results

Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter

Muthoot Finance Q4 net profit up 22% at Rs 996 cr; loan assets up 27%

Gold loan finance company Muthoot Finance Ltd (MFIN) on Wednesday reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021.

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Muthoot Finance fourth quarter net profit up 22% at Rs 1,024 crore

The company had posted a net profit of Rs 835.75 crore during the corresponding January-March period of 2019-20.

Muthoot Finance declares interim dividend of Rs 20/share; stock rises 4%

Last month, rating agency Icra had upgraded ratings on the company's long-term debt facilities from 'AA(Stable)' to 'AA+(Stable)'

Market Ahead Podcast, April 13: Top factors that could guide markets today

Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago

Stocks to watch: Muthoot Finance, RIL, UCO Bank, Prakash Industries, Airtel

Anil Agarwal-led Vedanta Resources Ltd's sweetened offer to buy back 17.5 per cent share in its Indian flagship firm was subscribed 57.5 per cent, helping it raise its stake to about 65 per cent

India gold lenders cut tenor, seek more collateral as prices plunge

Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households

Muthoot Group Chairman, Whole Time Director M G George Muthoot passes away

Under his stewardship, Muthoot Finance achieved new heights of growth and became the market leader in the gold loan industry

Muthoot Finance chairman Mathai George Muthoot passes away at 71

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

Gold is down 11% so far in 2021; time to exit Muthoot Fin, Manappuram Fin?

While gold experts remain bullish on the yellow metal, analysts tracking the two non-bank finance companies (NBFCs) believe near-term headwinds continue to dampen outlook for the stocks

Muthoot Finance plans to raise Rs 6,000 crore through bonds

The firm plans to issue non convertible debentures (NCDs)

Crisil upgrades long-term debt rating of Muthoot Finance to AA positive

Crisil Ratings has upgraded its ratings on long-term debt facilities of Muthoot Finance to AA positive with a stable outlook from AA.The upgrade is driven by Muthoot Finance's demonstrated ability to profitably scale up its core gold loan business while maintaining its strong financial risk profile.The rating rationale said established track record and brand name in gold financing industry, strong capitalisation and profitability among the best in industry which is expected to remain healthy are the strengths of Muthoot Finance.The change from AA to AA positive signifies reaching the highest standing in the category and the rating is just one level below AAA rating, which is the highest rating for long term debt instruments.Muthoot Finance said the rating upgrade will enable it to raise more long-term debt funds as well as attract a wider set of investors. Moreover, the company will be able to raise funds at much more competitive rates."This upgrade can further attract investments ...

Stock picks by Sameet Chavan: Buy Muthoot Finance, sell Bharti Airtel

With last week's smart rally, the daily chart now exhibits a 'Range Breakout' in Muthoot Finance

Investors may be overplaying Muthoot Finance's growth prospects

Pace of new customer addition is slowing; lending to existing customers is on the rise

Muthoot Finance Q3 profit up 17% to Rs 1,006 cr, revenue rises 16%

Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21

Three stock ideas by Ajit Mishra: Buy Britannia, Muthoot Fin, Piramal Ent

Britannia has been among the top-performing FMCG counter for the last several years

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

Muthoot Finance to raise Rs 1,000 cr through public issue of bonds

The allotment will be on first come first serve basis

Conserve capital, the loud, clear message from RBI to NBFCs and banks

Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions