Muthoot Finance stock shines on decent Q4; sustainability key
1 year, 7 months ago

Muthoot Finance stock shines on decent Q4; sustainability key

Live Mint  

Shares of gold loan provider Muthoot Finance Ltd surged over 7% on Monday, largely driven by a rebound in gold loan assets under management in the March quarter. According to analysts at Motilal Oswal Financial Services, “We still do not see strong signs of an organic improvement in gold loan demand, even as banks remain aggressive in this segment." Having said that, for the stock of Muthoot Finance to rerate further, sustainability in terms of gold AUM growth, tonnage increase, yield improvement, and stable asset quality are crucial. “Striking an appropriate balance between loan growth and margin will still remain an important deliverable in FY24," analysts from Motilal Oswal Financial Services said.

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History of this topic

Muthoot Finance Q2 Results 2024: Profit Rises by 20.01% YOY
1 month, 3 weeks ago

Muthoot Finance Q2 Results 2024: Profit Rises by 20.01% YOY

Live Mint  

Muthoot Finance Q2 Results 2024:Muthoot Finance has announced its Q2 results for the fiscal year 2024, revealing a robust financial performance. Muthoot Finance reported an earnings per share of ₹39.34 for Q2, an impressive increase of 41.02% year-on-year, further highlighting the company's profitability. Among 21 analysts covering Muthoot Finance, there is a mixed sentiment with 1 strong sell, 2 sell, …

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO
8 months ago

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO

New Indian Express  

MUMBAI: Belstar Microfinance, an arm of the largest gold loan company Muthoot Finance, has filed the final documents with the regulator Sebi for its initial share sale which seeks to raise up to Rs 1,300 crore. Apart from lending to women self help groups under the microfinance model, the Chennai-based firm also offers loans to micro enterprises, small enterprises, funding …

Muthoot Microfin share price Highlights: Shares open weak on debut on BSE, NSE
1 year ago

Muthoot Microfin share price Highlights: Shares open weak on debut on BSE, NSE

Hindustan Times  

Muthoot Microfinance IPO listing: The IPO of the microfinance subsidiary of the Muthoot Pappachan group was subscribed 11.52 times on the closing day of the bidding Muthoot Microfin share price Highlights: Muthoot Microfin's ₹960 crore-initial public offering made a weak debut on the Bombay Stock Exchange and the National Stock Exchange. “Trading Members of the Exchange are hereby informed that …

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth
1 year, 7 months ago

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth

Live Mint  

Muthoot Finance announced its Q4FY23 results on May 19, reporting a net profit of ₹1,009.2 crore, registering a meagre rise of 0.3 per cent, compared to ₹1,006 crore in the corresponding period last year. The gold financing company's revenue from operations stood at ₹3,274.8 crore in the January-March quarter, posting a growth of 8.4 per cent, compared to ₹3,021.1 crore …

Muthoot Finance declares 220% interim dividend to ₹22 per share
1 year, 9 months ago

Muthoot Finance declares 220% interim dividend to ₹22 per share

Live Mint  

The largest gold loan NBFC in the country, Muthoot Finance on Thursday announced it has declared an interim dividend of ₹22 per equity share for the financial year FY23. "The Board of Directors of Muthoot Finance Limited at their meeting held today at the registered office of the Company has considered and approved payment of an interim dividend of Rs. …

Gold loan companies may take time to shine
1 year, 10 months ago

Gold loan companies may take time to shine

Live Mint  

Gold loan companies continue to struggle. In the December quarter, Muthoot Finance’s gold AUM fell by 0.6% on a sequential basis and Manappuram saw a second consecutive quarter of drop in gold AUM. View Full Image Mint “We expect gold AUM to rebound by Q1FY24, as lower interest rates offered by new age fintechs will lead to cash burn and …

Muthoot Finance Q2 profit rises 2.5% to ₹931 crore
4 years, 2 months ago

Muthoot Finance Q2 profit rises 2.5% to ₹931 crore

Live Mint  

Muthoot Finance on Tuesday reported a 2.5% increase in consolidated net profit at ₹930.80 crore for the second quarter ended September of the current fiscal year. The results include financial numbers from its subsidiaries -- Muthoot Homefin Ltd, Belstar Microfinance Ltd, Muthoot Insurance Brokers Pvt Ltd, Muthoot Money Ltd and Sri Lankan subsidiary Asia Asset Finance Plc. "We are glad …

Why investors are betting on Muthoot Finance shares
4 years, 5 months ago

Why investors are betting on Muthoot Finance shares

Live Mint  

An Indian lender has seen its shares surge during the coronavirus pandemic, in a stark contrast with peers in a nation struggling with mounting bad loans. “This is like a season of gold loans,” Ashutosh Khajuria, the chief financial officer at Federal Bank Ltd., which also offers the loans. “Whenever there are uncertainties about business cycles, gold loans grow the …

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