29.08% growth in consolidated loan disbursements with Assets under Management (AUM) at Rs39,256.92 crore
FinTech BizNews Service
Mumbai, August 14, 2024: Muthoot FinCorp Limited, the flagship company of 137-year-old business conglomerate Muthoot Pappachan Group (Muthoot Blue), reports strong Q1 results with consolidated loan disbursements totalling Rs19,631.06 crore, representing a 29.08% increase from Q1 FY24. The Loan Assets under Management (AUM) reached Rs39,256.92 crore, with a net profit of Rs303.51 crore, an increase of 42.17% from the corresponding quarter (Q1 FY24).
On a standalone basis, Muthoot FinCorp’s disbursements increased by 37.17% from Q1 of FY24, reaching Rs17,247.81 crore, up from Rs12,573.86 crore. Net profit rose by 64.72%, totalling Rs181.17 crore compared to Rs109.98 crore in the corresponding quarter of the previous year. Assets under Management (AUM) stood at Rs24,891.69 crore, reflecting a 32% growth from Q1 of FY24. Revenue for the April-June quarter of FY 25 was Rs1,244.22 crore, marking a 43.06% increase from Rs869.70 crore in Q1 of FY 24.
“This quarter has been strong, with growth across all our businesses, reflecting our continued dedication to our core objectives. Our focus remains on three key areas: first, bringing our purpose to life by improving the financial well-being of the common man; second, strengthening our digital capabilities to better serve our customers and drive financial inclusion; and third, maintaining robust compliance and risk management to ensure that our growth remains responsible and sustainable. These priorities guide our efforts as we strive to make a positive impact on the communities we serve”, said Thomas John Muthoot, Chairman of Muthoot FinCorp Limited.
“This is the highest ever quarterly loan disbursements in the history of the Company, and we look forward to continuing the momentum. Our impetus to serve the underserved with the stated Purpose of transforming their lives is stronger than ever. As we move towards diversifying our portfolio ensuring to meet our customer requirements across their lifecycle, we look forward to ensuring their financial inclusion while playing a contributory role in nation building”, said Shaji Varghese, CEO of Muthoot FinCorp Limited.
CONSOLIDATED FINANCIAL RESULTS HIGHLIGHTS (Q1 FY25 vs Q1 FY24)
Disbursements | Rs19,631.06 crore, up by 29.08% |
AUM | Rs39,256.92 cr, up by 28.50% |
Loan Assets | Rs34,581.28 cr, up by 20.99% |
Revenue | Rs1,980.82 cr, up by 39.66% |
PAT | Rs303.51 cr, up by 42.17% |
ROA | 3.23%, up by 43bps |
ROE | 20.41%, up by 84bps |
STANDALONE FINANCIAL RESULTS HIGHLIGHTS (Q1 FY25 vs Q1 FY24)
Disbursements | Rs17,247.81 crore, up by 37.17% |
AUM | Rs24,891.69 cr, up by 32% |
Loan Assets | Rs22,958.4 cr, up by 22.12% |
Revenue | Rs1,244.22 cr, up by 43.06% |
PAT | Rs181.17 cr, up by 64.72% |
ROA | 3%, up by 85bps |
ROE | 21.78%, up by 680bps |
