Latest news with #MuthootHomefin
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Muthoot Finance to inject ₹200 crore into home loan arm for growth
Gold loan firm Muthoot Finance plans to infuse Rs 200 crore into its housing finance subsidiary, Muthoot Homefin, for growth, said George Alexander Muthoot, MD and CEO of Muthoot Finance, in a telephonic interaction with Business Standard. Currently, the assets under management (AUM) of the home loan arm stand at Rs 3,096 crore in Q1 FY26, up from Rs 2,199 crore in Q1 FY25, registering a growth of 41 per cent. Muthoot also said that Belstar – the microfinance arm – will be diversified, as the Reserve Bank of India (RBI) reduced the qualifying assets criteria for microfinance institutions to 60 per cent. Belstar has also added 10 gold loan branches to diversify its loan book. Although collections and recoveries in the microfinance sector have returned to normal levels, a risk-based scoring model has been introduced as a new control measure to improve the quality of lending and to contain stress in the sector. "Earlier, [micro] loans were given left, right, and centre. Now, it is more responsible, and the focus is on giving loans to new customers," he added. Belstar's micro loan portfolio has decreased to Rs 7,500 crore in June 2025, from Rs 10,000 crore in April.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Muthoot Fin hits record high after posting Q1 results; Buy, sell or hold?
Muthoot Finance shares rose 11.4 per cent on BSE, recording an all-time high at ₹2,797 per share. The buying on the counter came after the company released its first quarter (Q1FY26) results on Wednesday, post-market hours. At 9:54 AM, Muthoot Finance's share price was trading 10.16 per cent higher at ₹2,765.8 per share. In comparison, BSE Sensex rose 0.18 per cent at 80,686.13. Muthoot Finance Q1 results recap Muthoot Finance's net profit surged 65 per cent during the April-June quarter (Q1) of FY26 at ₹19,742 crore, as compared to ₹11,957 crore a year ago. The company's interest income grew 45 per cent to ₹62,880 crore, as against ₹43,483 crore year-on-year (Y-o-Y). However, its total expenses also shot up by 35 per cent to ₹38,310 crore, as against ₹28,467 crore a year ago. Gold loan disbursement to new customers as of June 30, 2025, was at ₹6,355 crore and the average gold loan asset under management per branch was at ₹23.21 crore. Gold prices hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold. Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, according to reports. Muthoot Finance's standalone loan assets under management rose 42 per cent year-on-year (Y-o-Y) to ₹1.2 trillion at the end of the quarter, and interest income jumped about 53 per cent to ₹5,592 crore. "We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement. The company also approved equity infusion of ₹500 crore and ₹2 crore in its units, Muthoot Money and Muthoot Homefin, respectively. ALSO READ | Should you buy, sell or hold Muthoot Finance shares? Nuvama Institutional Equities has retained a 'Buy' on Muthoot Finance and has raised the target to ₹2,993 from ₹2,625. Muthoot reported a strong Q1FY26 unlike peers, with an all-round beat, according to brokerage. It added: Even without recoveries, yield was stable versus a decrease for peers. The contribution of subsidiaries to gold loans is increasing. Meanwhile, Kranthi Bathini, director-equity strategy, WealthMills Securities, recommends 'holding' stock at current levels for a few more quarters, but given the kind of global uncertainty in the market, in the short term, there is nothing wrong with taking some profit from the table. Nitin Jain, Sr. research analyst, Bonanza has also suggested holding the stock as Muthoot Finance's exceptional Q1 performance, expanded reach, and robust fundamentals place it on firm ground for continued growth and the quarter marks clear evidence of the company's resilience and expansion in India's NBFC gold loan sector. He added: Investors should remain attentive to regulatory changes and gold price trends.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Muthoot Fin hits record high after posting Q1 results; check key details
Muthoot Finance shares rose 11.4 per cent on BSE, recording an all-time high at ₹2,797 per share. The buying on the counter came after the company released its first quarter (Q1FY26) results on Wednesday, post-market hours. At 9:54 AM, Muthoot Finance's share price was trading 10.16 per cent higher at ₹2,765.8 per share. In comparison, BSE Sensex rose 0.18 per cent at 80,686.13. Muthoot Finance Q1 results recap Muthoot Finance's net profit surged 65 per cent during the April-June quarter (Q1) of FY26 at ₹19,742 crore, as compared to ₹11,957 crore a year ago. The company's interest income grew 45 per cent to ₹62,880 crore, as against ₹43,483 crore year-on-year (Y-o-Y). However, its total expenses also shot up by 35 per cent to ₹38,310 crore, as against ₹28,467 crore a year ago. Gold loan disbursement to new customers as of June 30, 2025, was at ₹6,355 crore and the average gold loan asset under management per branch was at ₹23.21 crore. Gold prices hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold. Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, according to reports. Muthoot Finance's standalone loan assets under management rose 42 per cent year-on-year (Y-o-Y) to ₹1.2 trillion at the end of the quarter, and interest income jumped about 53 per cent to ₹5,592 crore. "We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement. The company also approved equity infusion of ₹500 crore and ₹2 crore in its units, Muthoot Money and Muthoot Homefin, respectively. Nuvama Institutional Equities has retained a 'Buy' on Muthoot Finance and has raised the target to ₹2,993 from ₹2,625. Muthoot reported a strong Q1FY26 unlike peers, with an all-round beat, according to brokerage. It added: Even without recoveries, yield was stable versus a decrease for peers. The contribution of subsidiaries to gold loans is increasing.
Business Recorder
14-05-2025
- Business
- Business Recorder
India's Muthoot Finance beats profit estimates on strong loan growth
BENGALURU: Indian gold loan financier Muthoot Finance beat fourth-quarter profit estimates on Wednesday, aided by strong loan demand amid high prices of the precious metal. Gold prices hit multiple record highs during the quarter. Rising gold prices increase how much a customer can borrow against bullion, benefiting gold financiers in terms of loans issued. Additionally, analysts said that as unsecured lending continued to slow due to rising bad loans, people began shifting towards gold loans as an alternative source of funds. Muthoot Finance's profit for the January-March quarter came in at 15.08 billion rupees ($176.6 million), compared to analysts' average estimate of 14.91 billion rupees, as per data compiled by LSEG. Its standalone loan assets under management – excluding units such as Muthoot Homefin and Belstar Microfinance – rose 43% year-on-year to 1.09 trillion rupees at the end of the quarter. The company's interest income rose about 42% to 47.84 billion rupees. Smaller rival Manappuram Finance reported a surprise loss earlier this month, hurt by rise in stress in its microfinance arm.
Business Standard
10-05-2025
- Business
- Business Standard
Muthoot Homefin (India) standalone net profit rises 149.12% in the March 2025 quarter
Sales rise 49.56% to Rs 98.35 crore Net profit of Muthoot Homefin (India) rose 149.12% to Rs 12.73 crore in the quarter ended March 2025 as against Rs 5.11 crore during the previous quarter ended March 2024. Sales rose 49.56% to Rs 98.35 crore in the quarter ended March 2025 as against Rs 65.76 crore during the previous quarter ended March 2024. For the full year,net profit rose 113.52% to Rs 39.48 crore in the year ended March 2025 as against Rs 18.49 crore during the previous year ended March 2024. Sales rose 64.08% to Rs 326.33 crore in the year ended March 2025 as against Rs 198.88 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 98.3565.76 50 326.33198.88 64 OPM % 55.1241.01 - 55.9945.68 - PBDT 18.958.44 125 59.6330.45 96 PBT 17.327.08 145 54.0525.58 111 NP 12.735.11 149 39.4818.49 114
