29.08% growth in consolidated loan disbursements with Assets under Management (AUM) at ₹39,256.92 crore
by Suman Gupta
Trivandrum, 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 ₹19,631.06 crore, representing a 29.08% increase from Q1 FY24. The Loan Assets under Management (AUM) reached ₹39,256.92 crore, with a net profit of ₹303.51 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 ₹17,247.81 crore, up from ₹12,573.86 crore. Net profit rose by 64.72%, totalling ₹181.17 crore compared to ₹109.98 crore in the corresponding quarter of the previous year. Assets under Management (AUM) stood at ₹24,891.69 crore, reflecting a 32% growth from Q1 of FY24. Revenue for the April-June quarter of FY 25 was ₹1,244.22 crore, marking a 43.06% increase from ₹869.70 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 | ₹19,631.06 crore, up by 29.08% |
| AUM | ₹39,256.92 cr, up by 28.50% |
| Loan Assets | ₹34,581.28 cr, up by 20.99% |
| Revenue | ₹1,980.82 cr, up by 39.66% |
| PAT | ₹303.51 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 | ₹17,247.81 crore, up by 37.17% |
| AUM | ₹24,891.69 cr, up by 32% |
| Loan Assets | ₹22,958.4 cr, up by 22.12% |
| Revenue | ₹1,244.22 cr, up by 43.06% |
| PAT | ₹181.17 cr, up by 64.72% |
| ROA | 3%, up by 85bps |
| ROE | 21.78%, up by 680bps |
About Muthoot FinCorp: Muthoot Fincorp Limited, the flagship company of 137-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. With over 3700 branches across the country, we aspire 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, Healthcare, Precious Metals, and Alternate Energy. With Muthoot FinCorp Limited as its flagship company, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India, with a workforce of over 40,000 employees, a vast network of more than 5,200 branches nationwide and Bollywood stars Shah Rukh Khan and Vidya Balan as its brand ambassadors. 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).
