Muthoot Finance Limited has informed the Exchange about Transcript
MUTHOOTFIN · price
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Muthoot Finance reported its highest-ever consolidated loan AUM of Rs.1,22,000 crore (up 37% YoY) with consolidated PAT of Rs.5,352 crore (up 20% YoY). Standalone PAT rose 28% YoY to Rs.5,200 crore. Gold loan AUM crossed the Rs.1 lakh crore milestone at Rs.1,02,956 crore, growing 41% YoY. The company declared a 260% dividend (Rs.26 per share), opened 850 new branches, and received credit rating upgrades from S&P (BB to BB+) and Moody's (Ba2 to Ba1), both with stable outlook. Subsidiaries Belstar Microfinance, Muthoot Home Finance (AUM up 47%), and Muthoot Money (AUM up 248%) all reported strong growth. Management maintained its 15% YoY growth guidance and 9-10% interest spread target. ECL provisions rose to Rs.766 crore, with Rs.130 crore in write-offs and an increase in non-gold NPAs due to personal loan collection issues. Draft RBI gold lending guidelines were discussed, with the company flagging LTV concerns to the regulator.
Strong all-round performance with record AUM, profit growth, and rating upgrades signals robust business momentum, likely to be viewed positively by shareholders. The 260% dividend declaration provides attractive near-term return, while conservative 15% growth guidance and stable spread outlook suggest management is prioritizing quality over aggressive expansion amid regulatory uncertainty.