Latest news with #MuthootBlue
Hans India
28-05-2025
- Business
- Hans India
Muthoot FinCorp Net profit zooms 40% to `787.15 cr in FY25
Trivandrum: Muthoot FinCorp Limited, the flagship company of the 138-year-old Muthoot Pappachan Group, also known as Muthoot Blue, reported a net profit growth of 39.86 per cent for FY25, reaching Rs787.15 crore, up from Rs562.81 crore in FY24. Year-on-year (Y-O-Y) revenue stood at Rs5,550.53 crore, a 38.22 per cent increase from Rs4,015.77 crore. Disbursements for the year were Rs66,277.31 crore, reflecting a 32.11 per cent growth Y-O-Y. Revenue for the quarter reached Rs1,478.59 crore, marking a 23.49 per cent increase from Rs1,197.31 crore in Q4 FY24. Assets Under Management (AUM) stood at Rs32,055.17 crore, up 46.22 per cent from Rs21,922.70 crore in the same quarter of the previous year. The standalone net profit for the quarter was Rs191.67 crore, compared to Rs239.79 crore in Q4 FY24, while disbursements rose to `19,648.29 crore from Rs14,130.08 crore, a 39.05 per cent increase. Thomas John Muthoot, Chairman of Muthoot FinCorp Limited, said: 'FY25 has been a deeply fulfilling year for us. The 39.86 per cent growth in net profit and over 38 per cent increase in revenue are not just financial achievements—they reflect the enduring trust of our customers, the strength of our purpose, and the dedication of our Muthootians across India. As our non-gold portfolio continues to expand and more households benefit from our inclusive offerings, we remain firmly committed to transforming lives by improving their financial wellbeing.' The board of directors has also approved the raising of up to Rs8,000 crore through the issuance of 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.
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
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.)
Business Standard
09-05-2025
- Business
- Business Standard
Muthoot Microfin tumbles after weak Q4 performance
Muthoot Microfin slumped 10.85% to Rs 130.25 after the company reported a net loss of Rs 401.15 crore in Q4 FY25 as against a net profit of Rs 119.76 crore in Q4 FY24. Revenue from operations declined by 13.71% YoY to Rs 555.03 crore during the quarter. Net Interest Income (NII) for the fourth quarter was Rs 321.05 crore, down 19.6% YoY. Pre-provision operating profit (PPOP) declined by 45.5% to Rs 130.29 crore in Q4 FY25 from Rs 239.28 crore in Q4 FY24. Impairment on financial instruments in the quarter ended on 31 March 2025 was Rs 652.01 crore, which is significantly higher as compared with the impairment charge of Rs 61.90 crore provided in the same period last year. The company posted a pre-tax loss of Rs 521.72 crore in Q4 FY25 as against a pre-tax profit of Rs 177.39 crore in Q4 FY24. For FY25, Muthoot Microfin has registered a net loss of Rs 222.52 crore as against a net profit of Rs 449.58 crore recorded in FY24. Revenue from operations added up to Rs 2561.69 crore (up 13.91% YoY). The companys gross loan portfolio (GLP) grew by 1.3% to Rs. 12,357 crore in FY25. The company disbursed loans amounting to Rs. 8,872 crore during the year. In FY25, the borrower base grew by 2.3% YoY to 34.3 lakhs across 1,699 branches. The GNPA of the company is at 4.84% as against GNPA of 2.29% a year ago. The NNPA (net of stage III provision) stood at 1.34% as against 0.91% last year. The company has maintained liquidity of Rs 697 crore of unencumbered cash and cash equivalents, alongside unutilized sanctions totalling Rs 596 crore. The capital position remained healthy, with a CRAR of 27.9%. Thomas Muthoot, chairman & non-executive director, Muthoot Microfin, said: FY25 has been a challenging year for the industry, testing our resilience and reaffirming that true strength lies not in avoiding adversity, but in responding to it with discipline, empathy, and adaptability. At Muthoot Microfin, we chose to prioritise asset quality and customer engagement over short-term profitability. While this conservative approach impacted our profitability due to elevated provisions and a deliberate management overlay of Rs 230 crore, but these were essential steps to strengthen our long-term portfolio health. As part of this effort, we have further tightened our underwriting norms and aligned fresh disbursements with the new SRO guardrails implemented from April 1, 2025. This has led to higher rejection rates, reduced borrower over-leverage, and early signs of improving credit discipline. With AUM reaching Rs. 12,357 crore as of March 2025, we continue to grow with discipline and caution. As we look ahead to FY26, we remain cautiously optimistic, guided by our belief that sustainable growth comes from strong fundamentals." Muthoot Microfin is a part of Muthoot Pappachan Group (also known as Muthoot Blue) and is one of the leading listed MFIs in India. As on 31 March 2025, the company has 3.43 million active customers served through 1,699 branches spread across 20 states and 388 districts with a gross loan portfolio (GLP) of 12,356.7 crore.
