Highest Ever Consolidated Profit After Tax: 22% YoY Increase at Rs 4,468 crore
Highest Ever Standalone Profit After Tax: 17% YoY Increase at Rs 4,050 crore
Highest Ever Gross Gold Loan Advance in any Year: Rs 1,65,746 crore
Highest Ever Gold Loan Advance to New Customers in any Year: Rs 16,415 crore
Increase in Gold Loan AUM: 18% YoY of Rs 11,003 crore
All Time High Interest Collection in any Year: Rs 10,984 crore
Highest Ever Dividend in any Year: 240% at Rs 24 per Equity Share
George Alexander Muthoot, Managing Director said,"We take immense pride in achieving a loan growth of 20% as against a guidance of 15% in FY24. In Q4FY24, the Standalone Loan AUM witnessed a historic high of Rs 75,827 crore, driven by the robust growth in Gold Loan of Rs 3,657 crore. The Standalone Profit after Tax for FY24 increased by 17% YoY at Rs 4,050 crore. This year, we achieved the highest ever Gold Loan advance to new customers of Rs 16,415 crore, reinforcing our position as a trusted partner in the gold loan industry. Complementing our core gold loan business, our non-gold loan offerings continued to gain traction, with our microfinance loans, personal loans, and home loans playing a pivotal role in diversifying our overall loan book. The housing finance arm achieved disbursements of Rs 815 crore in FY24 as against Rs 223 crore in FY 23. The micro finance arm also witnessed upward trend, with increased Loan AUM by 62% YoY reaching Rs 10,023 crore and Profit after Tax by 161% YoY of Rs 340 crore.
As part of our transformational journey, in FY24, we also focused on boosting our digital business and tapping new techsavvy millennials and Gen Z customers. Our phygital strategy has yielded positive results with critical infrastructure already in place to move remaining gold and non-gold customers to digital channels who were hitherto transacting in cash. We are confident that the impact of regulatory norm of Rs 20,000 cash disbursal limit on our business and volumes will be limited since it is an industry wide move. In alignment with strict vigilance from regulators on the NBFC industry, we also remain committed to maintaining the highest standards of corporate governance and compliance.”
Muthoot Finance Ltd is in the Finance sector with the Market Capitalization of worth Rs. 59,136.73 crores, it is incorporated in the year 1997. It has consolidated sales of Rs. 2955.83 crores in June 2021. The company is also listed within the Bombay Stock Exchange (BSE) with the code 533398 and listed within the National Stock Exchange (NSE) with the code MUTHOOTFIN.
Muthoot Finance is an Indian financial corporation and is known to be the largest gold loan NBFC within the country. Muthoot Finance was incorporated as a private limited company under the name of The Muthoot Finance Private Ltd on 14th March ’1997 and was converted into a public company in 2008. The primary area of business for the company is financing gold transactions however, it also provides other services such as foreign exchange services, funds transfer services, wealth management services along with travel & tourism services, and also sells gold coins. Muthoot Finance also performs philanthropic activities through the Muthoot M George foundation and provides scholarships and environmental, financial, and health assistance to the needy. The promoters of the company currently hold 73.4% of the stake in the company while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 15.02% and 7.73% of the stake. The balance of 3.86% is by others (retail investors). During the quarter ended 30th June ‘2021, the company has allotted 3555 shares under the ‘Muthoot ESOP 2013 Scheme’.
In June 2021, quarterly net sales were Rs. 2,713.80 crores, which has increased by approximately 13.78% from Rs. 2,385.08 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 971.16 crores, which has increased by 15.51% from a net profit of Rs. 840.76 crores in June 2020. In June 2021, operating profit was Rs. 2,558.78 crores, which is also increased by 13.34% as compared to a net profit of Rs. 2,257.68 crores for the quarter ending in June 2020. From Rs. 20.96 in June 2020, the EPS of Muthoot Finance has increased to Rs. 24.21 in June 2021. MUTHOOTFIN’s stock closed at Rs. 1,474.00 on 16th August’2021 (NSE) and has returned 11.57% in the last six months and 25.11% in the previous year.
Muthoot Finance Ltd is in the Finance sector with the Market Capitalization of worth Rs. 59,136.73 crores, it is incorporated in the year 1997. It has consolidated sales of Rs. 2955.83 crores in June 2021. The company is also listed within the Bombay Stock Exchange (BSE) with the code 533398 and listed within the National Stock Exchange (NSE) with the code MUTHOOTFIN.
Muthoot Finance is an Indian financial corporation and is known to be the largest gold loan NBFC within the country. Muthoot Finance was incorporated as a private limited company under the name of The Muthoot Finance Private Ltd on 14th March ’1997 and was converted into a public company in 2008. The primary area of business for the company is financing gold transactions however, it also provides other services such as foreign exchange services, funds transfer services, wealth management services along with travel & tourism services, and also sells gold coins. Muthoot Finance also performs philanthropic activities through the Muthoot M George foundation and provides scholarships and environmental, financial, and health assistance to the needy. The promoters of the company currently hold 73.4% of the stake in the company while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 15.02% and 7.73% of the stake. The balance of 3.86% is by others (retail investors). During the quarter ended 30th June ‘2021, the company has allotted 3555 shares under the ‘Muthoot ESOP 2013 Scheme’.
In June 2021, quarterly net sales were Rs. 2,713.80 crores, which has increased by approximately 13.78% from Rs. 2,385.08 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 971.16 crores, which has increased by 15.51% from a net profit of Rs. 840.76 crores in June 2020. In June 2021, operating profit was Rs. 2,558.78 crores, which is also increased by 13.34% as compared to a net profit of Rs. 2,257.68 crores for the quarter ending in June 2020. From Rs. 20.96 in June 2020, the EPS of Muthoot Finance has increased to Rs. 24.21 in June 2021. MUTHOOTFIN’s stock closed at Rs. 1,474.00 on 16th August’2021 (NSE) and has returned 11.57% in the last six months and 25.11% in the previous year.
Muthoot Finance share price as on 30 Jun 2024 is Rs. 1795.85. Over the past 6 months, the Muthoot Finance share price has increased by 21.57% and in the last one year, it has increased by 43.96%. The 52-week low for Muthoot Finance share price was Rs. 1182.35 and 52-week high was Rs. 1856.85.
You can buy Muthoot Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Muthoot Finance Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:58 PM the closing price of Muthoot Finance Ltd was Rs.1,795.85.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 28, 2024 03:58 PM, the market cap of Muthoot Finance Ltd stood at Rs. 72,096.55 Cr.
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