Muthoot Finance’s Net Up By 14% YoY In FY25

Driven by brand expansions and an upward trajectory in growth prospects, Muthoot Finance, a non-banking financial company-micro finance institution (NBFC-MFI) has posted a consolidated net profit of Rs 1,196 crore in the first quarter of the financial year (Q1FY25). As per the unaudited results for Q1FY25, the company’s consolidated profit after tax (Pat) witnessed 14 per cent YoY growth as compared with the Rs Rs 1,045 crore net profit in Q1FY24.

The consolidated gross loan assets under management (AMU) of the group stood at Rs 98,048 crore, registering a 28 per cent YoY increase in Q1FY25. The same was Rs 76,799 crore in Q1FY24. During the quarter, Consolidated Loan Assets Under Management increased by 10 per cent.

The company also reported its highest-ever gold loan disbursement in any quarter during the Q1FY25 as the number stood at Rs 73,648 crore. The gold loan disbursement to new customers in the quarter stood at Rs 5,651 crore.

As far as the subsidiaries are concerned, Belstar Microfinance reported a net profit of Rs 90 crore in Q1FY25, marking a 73 per cent increase on a YoY basis. In Q1FY24, the Pat stood at Rs 52 crore.

Muthoot Homefin (India) reported a net profit of Rs 8 crore in Q1FY25, an increase of 60 per cent on a YoY basis. The loan AUM stood at Rs 2,199 crore in the quarter as against Rs 1,501 crore in Q1FY24.

Muthoot Money’s total revenue for Q1 FY25 increased to Rs 60 crore as against Rs 21 crore in Q1 FY24, an increase of 185 per cent YoY. During the quarter, Loan AUM increased by Rs 534 crore, an increase of 48 per cent QoQ.

George Jacob Muthoot, Chairman said, “Muthoot Finance has begun FY25 with a strong quarter with our Consolidated Loan Assets Under Management reaching highest ever level of Rs 98,048 crore and Standalone Loan Assets Under Management reaching highest ever level of Rs 84,324 crore. It reflects a robust growth of 28 per cent YoY in Consolidated Loan Assets Under Management driven by 51 per cent growth in Loan Assets of subsidiaries from Rs 9,540 crore to Rs14,444 crore and 24 growth in Loan Assets of Muthoot Finance from Rs 67,259 crore to Rs 83,604 crore.”