Latest news with #MuthootPappachanGroup
Business Standard
6 days ago
- Business
- Business Standard
Muthoot Capital tumbles as Q1 PAT slips into red
Muthoot Capital Services tumbled 11.13% to Rs 267.40 after the lender swung into the red for the June 2025 quarter, posting a net loss of Rs 4.41 crore. The loss marks a stark reversal from the Rs 5.92 crore profit reported in the March 2025 quarter and an even sharper fall from Rs 11.41 crore a year ago. Net interest income (NII) held firm, inching up 1% sequentially to Rs 70.21 crore in Q1 FY26. On an annual basis, NII rose a healthy 25%, suggesting the companys core lending operations remain stable, even as profitability took a hit. Interest income rose 6% QoQ and 45.32% YoY to Rs 145.32 crore. Pre-tax profit flipped into a loss of Rs 6.17 crore in Q1 FY26, compared to a profit of Rs 6.98 crore in Q4 FY25 and Rs 14.51 crore in Q1 FY25. Rising asset stress continued to weigh on performance. Asset quality showed signs of pressure. Gross non-performing assets (GNPA) rose to 5.76% from 4.88% in the previous quarter, though they improved significantly from 9.84% in the same period last year. Net NPA edged up to 2.70%, versus 2.30% in March and 3.41% a year ago. Disbursements were down 6% QoQ to Rs 618.58 crore but surged 24% year-on-year, pointing to an improving demand environment. However, operating expenses rose 5% sequentially to Rs 51.90 crore and jumped 40% over the year. Provisions and loan losses soared 61% QoQ and a massive 449% YoY to Rs 26.68 crore. The Capital Adequacy Ratio (CRAR) stood at 22.07%, compared to 22.37% in Q4 FY25 and 28.80% in Q1 FY25. Meanwhile, assets under management (AUM) saw strong growth, climbing 6% sequentially and a robust 49% year-on-year to Rs 3,238.74 crore. Muthoot Capital Services, promoted by the Muthoot Pappachan Group, is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India.
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Business Standard
10-07-2025
- Business
- Business Standard
Muthoot Capital Services rises 6% on plans to raise ₹125 crore via NCDs
Muthoot Capital Services share price gained 5.6 per cent in trade on Thursday on BSE, logging an intraday high at ₹354.85 per share. At 12:07 PM, Muthoot Capital Services shares were up 3.6 per cent at ₹348.1 per share on the BSE. In comparison, the BSE Sensex was down 0.42 per cent at 83,187.48. The company's market capitalisation stood at ₹571.14 crore. What led to northward movement in Muthoot Capital Services shares? The buying on the counter came after the board approved the issuance and allotment of Non-Convertible Debentures (NCDs) up to ₹125 crore, on private placement basis. The company proposes to issue 12,500 NCDs of face value ₹1,00,000 each, aggregating up to ₹ 125 crore. The tenure of the NCDs is 24 months. The coupon rate, the interest paid to investors, for the NCDs is fixed at 9.5 per cent per annum. This interest will be paid out every month. In June 2025 too, the company had issued NCDs of up to ₹100 crore, on private placement basis. 10,000 NCDs of face value ₹ 1,00,000 each, aggregating up to ₹100 crore were issued. The tenure of the issue was 21 months and the coupon rate was at 10.35 per cent per annum with monthly coupon frequency and quarterly principal payment. What are NCDs? NCDs are fixed-income instruments issued by companies to raise capital from investors. Unlike convertible debentures, NCDs cannot be converted into equity shares of the issuing company. Investors receive a fixed rate of interest—known as the coupon—at regular intervals (monthly, quarterly, or annually), and the principal amount is repaid at the end of the tenure. NCDs can be either secured, backed by company assets, or unsecured, depending on the structure. They generally offer higher returns than bank fixed deposits and are popular among those seeking predictable income streams. However, they do carry credit risk (if the issuer defaults), liquidity risk, and are subject to taxation as per the investor's income tax slab. About Muthoot Capital Services Muthoot Capital Services Ltd. promoted by the Muthoot Pappachan Group is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. The company's portfolio includes retail finance products such as two wheeler loans, used car loans and investment product in the form of fixed deposits.
Business Standard
03-07-2025
- Business
- Business Standard
SPARK-ing a Movement: Muthoot FinCorp SPARK Awards to celebrate Unsung Heroes of India's Small Businesses
VMPL New Delhi [India], July 3: Muthoot FinCorp, one of India's leading NBFCs and flagship Company of 138-year-old Muthoot Pappachan Group, also known as Muthoot Blue, announces the launch of Muthoot FinCorp SPARK Awards - a first of its kind initiative to celebrate India's small business owners. The initiative aims to provide a platform for recognizing the resilience, innovation, and contributions of India's small businesses -- the real drivers of our economy. With Muthoot FinCorp SPARK Awards, the Company takes a bold step forward to shine a national spotlight on these entrepreneurs and their journey. The participants can be from varied industries and the nominations are open to all small business owners across the country. There are seven different categories - Lifetime Achievement Award, Women Entrepreneur of the Year, Emerging Leader of the Year, Innovators of the Year, Tech Trailblazer, Social Impact Leader, Fastest Growing Business. Nominations are free and open till July 10, 2025 - or visit The Muthoot FinCorp SPARK Awards offer national recognition, expert business mentorship, and an exclusive, fully-sponsored trip for winners and one family member to attend a grand award ceremony -- where they will share the stage with Bollywood icon Shah Rukh Khan. Designed to connect with the most underserved yet high-potential segment of India's entrepreneurial landscape, the Muthoot FinCorp SPARK Awards underscores the Company's Purpose-driven vision. Winners will be selected by an independent jury of respected industry leaders, ensuring a credible and transparent evaluation process. "Muthoot FinCorp SPARK Awards is not just an event, but we want it to SPARK a movement that uplifts and supports the entire small business community. Through this unique initiative, we aim to honour the spirit of resilience and innovation that defines India's small business owners. Every participant will have access to knowledge, tools, and mentorship that can help them grow. This initiative reflects our deep and long-standing commitment to empowering grassroots entrepreneurs -- not just with financial support, but with the recognition and encouragement they truly deserve," said Mr. Shaji Varghese, CEO, Muthoot FinCorp. With over 3,700 branches across India and a robust digital network, Muthoot FinCorp is uniquely positioned to reach entrepreneurs in urban, semi-urban, and rural markets. The Muthoot FinCorp SPARK Awards further reinforces the company's mission to unlock opportunity and drive progress from the ground up. About Muthoot FinCorp Muthoot FinCorp Limited, the flagship company of 138-year-old business conglomerate Muthoot Pappachan Group, is India's leading Non-Banking Financial Company (NBFC) with an aim to transform the lives of common man by ensuring their financial wellbeing through an array of varied products and services. The Company today offers more than two dozen products and services through its 3700+ branches across India and aims to serve the underbanked, to be their most trusted financial partner, and ensure financial inclusion of every household in India. Muthoot FinCorp's long-standing experience, expertise and stronghold in the semi urban and rural areas has enabled the company to provide quick & customized finance options to the masses. About Muthoot Pappachan Group Founded in 1887, Muthoot Pappachan Group (MPG) is a significant entity in the Indian business landscape with nationwide presence and tailor-made products and services for its customers. The Group which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals, and Alternate Energy. With Muthoot FinCorp Limited as its Flagship Company and Bollywood icon Shah Rukh Khan as its brand ambassador, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India. With over 47000 Muthootians and a vast network of over 5200 branches across the country, the Group is deeply committed to Environmental, Social, and Governance (ESG) excellence aiming to create a long-term value for its stakeholders while contributing to a more sustainable and equitable future. Muthoot Pappachan Foundation, the CSR arm of the group facilitates the CSR activities for the entire Group companies focusing on Health, Education, Environment and Livelihood (HEEL).
United News of India
28-05-2025
- Business
- United News of India
Muthoot FinCorp appoints Dr. Apoorva Javadekar as Chief Economist
Kochi, May 28 (UNI) Muthoot FinCorp, the flagship company of the 138-year-old business conglomerate Muthoot Pappachan Group, also known as Muthoot Blue, has announced the appointment of Dr. Apoorva Javadekar as Chief Economist. Dr. Javadekar is a distinguished economist whose career spans top-tier academic, research, and policy institutions. He has previously served as Assistant Professor of Finance at the Indian School of Business and as Research Director at CAFRAL, an institution promoted by the Reserve Bank of India. His research on Indian banking and international finance has shaped the RBI's internal discussions and has been featured in prestigious forums such as the IMF, Federal Reserve Bank, American Finance Association, and various ministries within the Indian government. He also served as a member of the Research Advisory Committee formed by SEBI. As Chief Economist, Dr. Javadekar will lead economic and market research, provide insights into household balance sheets and sectoral trends, and support data-driven decision-making across the Group's businesses. His leadership will be vital as Muthoot FinCorp deepens its commitment to financial inclusion, affordable credit, and customer-centric innovation. 'My focus will be on delivering data-driven, actionable economic insights to drive informed decision-making and fuel business growth. We aim to build a solid economic research program at Muthoot FinCorp to better understand Indian credit markets, the role of gold in the credit ecosystem, and Indian household balance sheets. We plan to partner with regulators and prominent academic institutions in doing so. I'm excited to contribute to Muthoot FinCorp's continued success and growth, building on its strong foundation and heritage,' Dr. Apoorva Javadekar said. UNI DS SSP
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.
