Kochi-based Muthoot Finance Ltd, a leading non-banking financial company, has reported its highest-ever consolidated net profit of Rs 1,196 crore for the first quarter of the financial year 2025. This impressive figure marks a 14% increase compared to the Rs 1,045 crore profit recorded during the same period last year.
The company’s consolidated loan assets under management (AUM) also reached an all-time high of Rs 98,048 crore, a significant 28% increase from Rs 76,799 crore in Q1 FY24. Similarly, the gold loan AUM surged by 23% to Rs 14,883 crore. Muthoot Finance also achieved its highest-ever gold loan disbursement in any quarter, with the figure standing at Rs 73,648 crore, including Rs 5,651 crore disbursed to new customers.
The subsidiaries of Muthoot Finance also delivered robust performances. Belstar Microfinance reported a net profit of Rs 90 crore, up 73% from Rs 52 crore in Q1 FY24. Muthoot Homefin (India) achieved a net profit of Rs 8 crore, a 60% increase from the previous year’s Rs 5 crore, with the loan AUM standing at Rs 2,199 crore, up from Rs 1,501 crore. Muthoot Money recorded total revenue of Rs 60 crore, a substantial 185% increase from Rs 21 crore in Q1 FY24, with the loan AUM increasing by 48% to Rs 534 crore.
George Jacob Muthoot, Chairman of Muthoot Finance said that, “Muthoot Finance has begun FY25 with a strong quarter with our Consolidated Loan Assets Under Management and Standalone Loan Assets Under Management reaching highest-ever level. Our subsidiaries have continued the strong growth momentum, contributing significantly to our consolidated loan assets which now stand at 15 per cent.”
“In the backdrop of India being on a positive growth trajectory, evolving as an attractive global investment destination, the financial sector is set to play a crucial role in this journey. With sweeping digitisation across the financial sector, we will continue to intensify our digital efforts to improve access to credit and include customers across the social pyramid. As we continue to retain our leadership position in the gold loan industry, our strategic emphasis on digital initiatives and the expansion of our non-gold loan portfolio positions us well for sustained success in FY25 and beyond,” he added.
George Alexander Muthoot, MD, Muthoot Finance said,“This growth is a testament to our three-pronged strategy to focus on disbursements, operational efficiency, and maintaining healthy margins. In this quarter, gold loan disbursements were the highest ever in any quarter amounting to Rs 73,648 crore. Further, the gold loan disbursements to new customers was also the highest ever in any quarter amounting to Rs 5,651 crore.”
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“Additionally, the Union Budget’s emphasis on MSMEs, women entrepreneurs, and the agricultural sector is particularly encouraging for us. The credit guarantee scheme will significantly enhance credit access for MSMEs, aligning perfectly with our commitment to supporting entrepreneurs with our small business loans. We are also in alignment with the initiative announced by the Finance Minister to boost job creation and employability for women and young talent and aim to offer valuable contribution in India Inc’s growth. This outlook, coupled with our strategic initiatives positions us well to achieve our growth targets for FY25,” he added further.
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