Latest news with #Muthoot
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Business Standard
7 days ago
- Business
- Business Standard
Thomas Cook teams up with Muthoot Forex for wider payments reach
Travel company Thomas Cook on Friday announced a strategic partnership with Muthoot Forex — the foreign exchange division of the Muthoot Group — to expand the reach of its Borderless Travel and Study Buddy cards. Through this collaboration, both prepaid forex cards will now be available across Muthoot's extensive network of over 7,000 branches, including 43 full-fledged forex branches across India's metros, mini-metros, and tier II to tier IV source markets, the travel company said in a release. 'Our alliance with The Muthoot Group leverages our powerful synergies — combining our expertise in travel and foreign exchange with Muthoot's extensive network across India's tier I to IV source markets,' said Deepesh Varma, Executive Vice President, Foreign Exchange, Thomas Cook India. 'Through this partnership, we aim to bring our Borderless Travel and Study Buddy cards closer to consumers across India's metros and regional markets, making international travel and study abroad even more convenient and accessible.'
The Hindu
27-05-2025
- Business
- The Hindu
Muthoot signs a partnership with Bundesliga giant Borussia Dortmund
Kerala-based Muthoot Football Academy turned over a new leaf for youth development as its parent company, Muthoot Pappachan Group (MPG), signed a partnership with Bundesliga giant Borussia Dortmund this week. Dortmund, with one of Europe's best youth academies, has honed youngsters like Mario Goetze (academy product), Erling Haaland and Jude Bellingham, who went on to become FIFA World Cup (Goetze) and UEFA Champions League (Bellingham - Real Madrid, Haaland - Manchester City) winners. 'I have been to several places in India, and have had the chance also to meet with some of the ISL (Indian Super League) clubs,' Christian Diercks, the managing director of the club's Academy, said. 'What I feel on working with Muthoot is that the holistic approach is more important than just supporting one player to become a professional and make a living (out of football), and get transferred to Europe one day. I think this is the most important factor.' Muthoot has made inroads in age-group tournaments and State football in the last few years, lifting the Kerala Premier League this year and finishing third in the Reliance Foundation Development League (U-19) the year before. 'The first six months to one year will be about assessing what our requirements are in Kerala to start, from the grassroots upwards,' Hannah Muthoot, Director of Sports at MPG, said. 'Coaches will be travelling to Dortmund, and coaches from there will come to Kerala. We'll have players from here going to Dortmund and the same way back.' This is not the first investment from the German side in India. Dortmund previously joined hands with Hyderabad FC in the ISL in 2020, which got discontinued during the COVID-19 pandemic. In 2023, the club partnered with AMM Foundation, the philanthropic arm of the Murugappa Group in Chennai, to help the lesser-privileged communities – one that is still active.
News18
15-05-2025
- Business
- News18
Muthoot Finance Falls 5% Despite 22% YoY Jump in Q4 Profit, Record AUM; Should You Invest?
Last Updated: Muthoot Finance stock fell 5.22% during the day to Rs 2,142 per share, biggest intraday loss since April 11 this year; Check target price Muthoot Finance Share Price Today: Shares of Muthoot Finance dropped over 5% on Thursday, even as the company reported a 30% year-on-year rise in net profit for Q4 FY2025 and achieved its highest-ever assets under management (AUM). The stock fell as much as 5.22% intraday to Rs 2,142 — its sharpest single-day decline since April 11. It later trimmed losses to trade 4.5% lower at Rs 2,157, underperforming the Nifty 50, which was down 0.5% at 9:45 AM. While the stock has remained rangebound in May, it has recovered roughly 10% from last month's lows of Rs 1,965. Year-to-date, Muthoot Finance has gained 0.7%, compared to a 3.6% rise in the benchmark Nifty 50. The company's current market capitalisation stands at Rs 86,664.01 crore. Should You Invest in Muthoot Finance? Brokerages remain largely positive on the stock despite the recent dip. Nirmal Bang Institutional Equities maintained its 'Buy' rating and raised the target price to Rs 2,693 (from Rs 2,680), citing a 13.3% premium to the five-year average price-to-adjusted book value (P/ABV) multiple of 2.65 for the standalone business. Motilal Oswal Financial Services (MOFSL) noted that Muthoot delivered a strong operational performance in Q4, driven by robust gold loan growth, increased gold tonnage, and healthy customer additions. However, margins contracted sequentially due to higher borrowing costs, although yield pressure remained minimal. Asset quality improved, aided by gold auctions that helped reduce credit costs. Looking ahead, MOFSL said Muthoot is well-positioned to sustain loan growth amid reduced competition from banks and limited availability of unsecured credit. However, it warned that uncertainty around final RBI guidelines on gold lending could be a short-term drag on the stock, setting a target price of Rs 2,400. Nuvama Institutional Equities also retained its 'Buy' recommendation, raising its target price to Rs 2,625 (from Rs 2,550), based on 3.1x FY26E book value. Nuvama highlighted that NBFCs have suggested changes to the draft RBI guidelines on loan-to-value (LTV) ratios, which could benefit both lenders and borrowers. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 15, 2025, 11:24 IST
Mint
15-05-2025
- Business
- Mint
Muthoot Finance share price declines 5% despite stellar Q4 earnings
Muthoot Finance delivers stellar FY25 results, but stock under pressure amid broader market sentiment Muthoot Finance, India's largest gold loan company, delivered a strong performance for the quarter as well as financial year ended March 31, 2025. Despite the strong fundamentals, its shares fell over 5 percent on Thursday, May 15, amid overall weak market sentiment. For the March quarter (Q4FY25), the Kerala-headquartered firm reported a 22 percent year-on-year increase in consolidated net profit at ₹ 1,444 crore, up from ₹ 1,182 crore in the same quarter last year. This surge was supported by robust growth in its lending portfolio. On a standalone basis, net profit stood at ₹ 1,479 crore, marking a 41 percent rise compared to ₹ 1,050 crore in the year-ago quarter. The company's consolidated assets under management (AUM) jumped 37 percent year-on-year to ₹ 1.22 lakh crore, while standalone AUM surged 41 percent to ₹ 1.06 lakh crore. Muthoot's gold loan portfolio continued to be its main growth driver, with gold loan AUM reaching an all-time high of ₹ 1,02,956 crore—a 41 percent jump over the previous year. Annual consolidated profit after tax for FY25 stood at ₹ 5,352 crore, up 20 percent from ₹ 4,468 crore last year. Standalone profit also saw a sharp 28 percent rise to ₹ 5,201 crore. The company reported its highest-ever interest income of ₹ 15,586 crore for the year, reflecting strong customer repayment trends and an expanding lending base. In terms of operational metrics, Muthoot Finance achieved multiple milestones. The average gold loan AUM per branch touched a new high of ₹ 21.21 crore. The company disbursed ₹ 21,888 crore in gold loans to nearly 18 lakh new customers during the year—both the highest-ever figures in its history. The total gold pledged as security in Muthoot's lockers reached 208 tonnes. To reward shareholders, Muthoot Finance declared its highest-ever dividend of 260 percent, translating to ₹ 26 per equity share of face value ₹ 10 each. However, performance from its subsidiaries presented a mixed picture. The group's microfinance arm, Belstar Microfinance, reported a 20 percent decline in AUM to ₹ 7,980 crore, down from ₹ 10,023 crore in the previous year. The subsidiary also saw its annual net profit shrink sharply to ₹ 46 crore from ₹ 340 crore amid industry-wide stress and asset quality concerns. Despite the exceptional earnings report, Muthoot Finance shares dropped as much as 5.1 percent to ₹ 2,139.20 on the BSE. The stock remains over 12 percent below its 52-week high of ₹ 2,444.65 touched in March 2025. It has gained 35 percent from its 52-week low of ₹ 1,580 hit in June 2024. On a yearly basis, the stock is still up over 34 percent. But it has struggled in recent months—down around 1 percent so far in May after a 9 percent correction in April. This follows a 12 percent rally in March, a 5.5 percent decline in February, and a 5.7 percent gain in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
14-05-2025
- Business
- Time of India
Muthoot Finance Q4 Results: Pcrofit jumps 22% YoY to Rs 1,444 crore; AUM grows 37% on gold demand
India's largest gold loan company Muthoot Finance reported a 22% year-on-year rise in fourth quarter consolidated net profit at Rs 1444 crore as compared with Rs 1182 crore in the year ago period, backed by robust business expansion. The Karala-headquartered group grew its consolidated assets under management 37% year-on-year to Rs 1.22 lakh crore. The annual net profit for the group rose 20% at Rs 5352 crore against Rs 4468 crore in the year ago period. On a standalone basis, Muthoot's net profit stood at Rs 1479 crore for the quarter under review, up 41% over Rs 1050 crore in the year ago period. Standalone AUM grew 41% year-on-year to Rs 1.06 lakh crore. All the subsidiaries taken together booked a Rs 35 crore net loss. 'The rising gold prices have attracted customers to monetise their gold, which has resulted in rising AUM for us. Customers have seen that getting personal loans has become difficult, so they have monetised their household gold," managing director George Alexander Muthoot told ET. "For customers, it has been less gold and more money. We have achieved the highest ever gold loan advance to new customers of Rs 21,888 crore in FY25," he said. The company declared its highest ever dividend of 260% on equity share of face value of Rs10 each, which translates into Rs 26 per equity share. Its micro loan subsidiary, Belstar MIcrofinance, has seen a 20% squeeze in AUM to Rs 7980 crore at the end of March from Rs 10023 crore a year back, mirroring the industry trend of slower disbursement as the sector is going through a rough patch facing high asset quality stress. This led to a fall in annual net profit at Rs 46 crore from Rs 340 crore earlier.
