Muthoot Finance Crosses Rs 1 Lakh Cr AUM Amid Strong H1FY25 Growth

Muthoot Finance has reported its highest-ever loan assets under management (AUM) in the first half of FY25, reaching Rs 1,04,149 crore on a consolidated basis—a 31 per cent year-on-year increase. The company's profit after tax (PAT) for H1 FY25 also reached a record Rs 2,517 crore, a 18 per cent rise from the previous year, driven by substantial growth in its core gold loan portfolio.

Muthoot Finance’s standalone loan AUM hit Rs 90,197 crore as of 30 September 2024, marking a 31 per cent increase year-on-year. The gold loan segment alone saw a 28 per cent growth, attributed to disbursements totalling Rs 10,687 crore to 9.66 lakh new customers in H1 FY25. "This milestone reflects the dedication of our team and the trust of our customers," said George Jacob Muthoot, Chairman, The Muthoot Group. He noted that the company maintains one of the lowest customer complaint rates among peers, highlighting Muthoot's commitment to customer service and responsible lending practices.

With continued demand, Muthoot Finance has raised its FY25 gold loan growth forecast from 15 per cent to 25 per cent. Additionally, the company raised USD 750 million via USD-denominated bonds to fund growth initiatives, including expansion in non-gold loans across microfinance, personal loans, and home loans. George Alexander Muthoot, Managing Director, commented on the company’s focus on digital transformation, adding that Muthoot’s omnichannel strategy aims to engage younger customers seeking both online convenience and branch support.