Muthoot Finance Limited — Updates, 14-11-2024: Press Release

Muthoot Finance Limited reported impressive financial performance for the first half of FY25. The company's consolidated loan assets under management (AUM) surged 31% year-on-year to ₹1,04,149 Crore, supported by the highest-ever gold loan disbursement of ₹10,687 Crore, serving over 966,000 new customers. Profit after tax for the half-year reached ₹2,517 Crore, marking an 18% YoY increase. Standalone results reflected a similar trend, with profit after tax at ₹2,330 Crore, also up 18% YoY.

Operationally, Muthoot Finance opened an additional 556 branches in H1 FY25, enhancing its footprint across India. Key subsidiaries like Muthoot Homefin and Belstar Microfinance displayed robust growth, with AUMs increasing by 51% and 22% YoY, respectively. The Group's credit quality remained solid, with reported GNPA ratios lower than the previous year. As the company diversifies its portfolio beyond gold loans, it maintains a positive outlook, with growth guidance for gold loans revised from 15% to 25%. Investors are encouraged to watch Muthoot Finance as it continues to strengthen its market position.