logo
Muthoot FinCorp Q4 results: Profit dips 20% to ₹192 cr despite revenue rise

Muthoot FinCorp Q4 results: Profit dips 20% to ₹192 cr despite revenue rise

Muthoot FinCorp, a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025.
The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24.
The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement.
Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added.
For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24.
At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year.
The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sebi issues attachment order against Mehul Choksi for non-payment of penalties
Sebi issues attachment order against Mehul Choksi for non-payment of penalties

India Today

time16 minutes ago

  • India Today

Sebi issues attachment order against Mehul Choksi for non-payment of penalties

The Securities and Exchange Board of India (Sebi) on Friday issued a recovery attachment order against absconding diamond merchant Mehul Choksi, who is a co-accused in the Rs 13,850-crore Punjab National Bank (PNB) fraud case, which is one of the biggest banking scams in India's recovery officer has been assigned the task of taking action on the attachment order, issued on June 4 by the financial agency's Mumbai action against the fugitive diamond merchant had been initiated due to the non-payment of a Rs 1.5 crore penalty imposed by Sebi on January 31, 2022. Sebi went ahead with the attachment as it believed that Choksi might dispose of funds, thus obstructing the recovery of the total dues amounting to Rs 2.10 who has been wanted in India since 2018, was arrested in Belgium in April. His arrest, which took place on April 12, was made by Belgian authorities after a request from Indian agencies like the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).He was detained in a hospital in Belgium, where he was said to be receiving medical PNB SCAMThe Rs 13,850-crore PNB scam involved Choksi and his nephew Nirav Modi, who is currently languishing in a jail in the UK and is soon to be extradited to they were able to take loans from foreign banks using Letters of Undertaking (LoUs) issued by PNB's Brady House branch in Mumbai. An LoU is a bank guarantee which allows customers to get short-term credit from overseas 2011 to 2018, Choksi, Modi and their companies used these LoUs without following the normal procedures. Some bank officials were involved and allowed the LoUs to be issued without entering them into the bank's main system. This helped the fraud go unnoticed for funds, which were shown as being used for importing goods, were mostly never returned. Instead, new LoUs were taken to repay the earlier ones, and the money was used for business and personal total value of the fraud reached around Rs 13,850 crore. Out of this, Nirav Modi's companies were linked to Rs 6,498 crore and Choksi's Gitanjali Group to Rs 6,097 crore. The remaining amount includes interest and other Watch IN THIS STORY#Mumbai Indians

Big-ticket shuffle: SBI MF and Goldman Sachs pick up 1.8% in Bajaj Finserv; ZF promoter pares Rs 792 crore stake
Big-ticket shuffle: SBI MF and Goldman Sachs pick up 1.8% in Bajaj Finserv; ZF promoter pares Rs 792 crore stake

Time of India

time24 minutes ago

  • Time of India

Big-ticket shuffle: SBI MF and Goldman Sachs pick up 1.8% in Bajaj Finserv; ZF promoter pares Rs 792 crore stake

In a major secondary market transaction, marquee investors including SBI Mutual Fund, Goldman Sachs, and Morgan Stanley acquired a combined 1.8% stake in Bajaj Finserv on Friday for Rs 5,506 crore through a series of bulk transactions on the National Stock Exchange, according to exchange data. A total of 2.86 crore shares changed hands at an average price of Rs 1,925.20 per share. The buyers also included JP Morgan India, Citigroup Global, Societe Generale, SBI Life Insurance, BofA Securities, and Barclays Merchant Bank (Singapore), PTI reported. The shares were sold by promoter entities Bajaj Holdings and Investment Ltd and Jamnalal Sons, whose collective holding in Bajaj Finserv declined to 58.84% from 60.64% after the transaction. Following the deal, Bajaj Finserv shares rose 2.30% to close at Rs 1,988.70 on the NSE. In a separate transaction, Wabco Asia Pvt Ltd — the promoter of ZF Commercial Vehicle Control Systems India — divested a 3.16% stake in the company for Rs 791.63 crore through the open market. Wabco sold over 6 lakh shares at an average price of Rs 13,191 apiece. Its holding in the company declined from 63.16% to 60%. Among the buyers were Franklin Templeton Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Standard Life Insurance, Goldman Sachs (Singapore), Societe Generale, and Citigroup Global Markets Mauritius. Shares of ZF Commercial Vehicle Control Systems India closed 4.46% higher at Rs 13,917 on the NSE. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Owaisi files complaint over his deepfake video promoting investment scam
Owaisi files complaint over his deepfake video promoting investment scam

Time of India

time27 minutes ago

  • Time of India

Owaisi files complaint over his deepfake video promoting investment scam

Hyderabad: AIMIM president Asaduddin Owaisi has lodged a complaint with the city police regarding his deepfake video circulating in social media platforms to promote an investment scam. In his complaint, Owaisi said the deceptive content created using artificial intelligence (AI) put people at risk of financial fraud. The fake video promised people an income of Rs 53,000/day on the online platform. "The video was created and uploaded with malicious content to lure innocent people and make false propaganda in my name," the Hyderabad MP said in his complaint to the Hyderabad police commissioner. In the 7.35 minute deepfake video, Owaisi's AI-generated content is accompanied by AI-generated videos of Union finance minister Nirmala Sitaraman, industrialists Mukesh Ambani, Narayana Murthy and Bollywood biggie Amitabh Bachchan. In the fake video, Owaisi speaks in English. The MP requested immediate action, including the removal of the video from all social media platforms and a thorough investigation to trace its origins. He also called for a public advisory to warn citizens about the scam. Cyber Crime police station registered a case on Thursday under sections 66C (identity theft), 66D (cheating by personation), and 66E (violation of privacy) of the IT Act, 319(2) (cheating by personation), 336(3) (forgery for purpose of cheating), 336(4) (forgery for purpose of harming reputation), and 356 (defamation) of the Bharatiya Nyaya Sanhita (BNS). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo "The investigation is currently ongoing. We are writing to social media platforms to trace the source of the fraudulent content and identify those responsible for creating and distributing the deepfake video," said a Cyber Crime official. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store