Consolidated Loan Assets Under Management increased by 18% YoY at Rs.40228crs Consolidated Profit after Tax increased by 9% YoY at Rs.563crs Standalone Loan Assets Under Management increased by 16% YoY at Rs.35816crs for Q1 FY20 Standalone Profit after tax increased by 8% YoY at Rs.530crs for Q1 FY20

0

Consolidated Results of Muthoot Finance Ltd

Muthoot Finance Ltd Consolidated Loan Assets under management achieved a YoY increase of 18% at Rs.40228crs as against last year of Rs.33954crs. During the quarter, Consolidated Loan Assets under management increased by 5% of Rs.1924crs. Consolidated Profit after tax achieved a YOY increase of 9% of Rs.563crs as against last year of Rs.518crores.

 

Q1 FY20

Q1 FY19

FY19

YoY %

Group Branch Network

5092

4688

5020

9

Consolidated Gross Loan Assets of the Group (Rs. In crores)

40228

33954

38304

18

Consolidated Profit of the Group (Rs. In crores)

563

518

2103

9

Contribution in the Consolidated Gross Loan Assets of the Group

Muthoot Finance

35406

30634

33746

16

Subsidiaries

4822

3320

4558

45

Contribution in the Consolidated Profit of the Group

Muthoot Finance

522

489

1946

7

Subsidiaries

41

29

157

41

 

Standalone Results of Muthoot Finance Ltd and its subsidiaries

Muthoot Finance Ltd (MFIN), the largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 8%, at Rs.530crs for Q1 FY20 as against Rs.492crs in the previous year.  Loan Assets stood at Rs.35816crs as at June 30, 2019 as against Rs.30997crs as at June 30, 2018, Y-o-Y growth of 16%. During Q1 FY20, Loan Assets increased by Rs.1570crs.

Muthoot Homefin (India) Ltd (MHIL), the wholly owned subsidiary, increased its loan portfolio to Rs.1988crs as against previous year of Rs.1621crs, a YoY increase of 23%. During Q1 FY20, loan portfolio increased by Rs.80crs. Total revenue for Q1 FY20 stood at Rs.62crs as against previous year total revenue of Rs.49crs. It achieved a profit after tax of Rs.6crs in Q1 FY20 as against previous year profit of Rs.11crs. Its Stage III Asset on Gross Loan Asset % as on June 30, 2019 stood at 0.81%.

M/s. Belstar Investment and Finance Private Limited (BIFPL) , an RBI registered micro finance NBFC and Subsidiary Company where Muthoot Finance holds 70.01% stake, grew its loan portfolio to Rs. 1939crs as against last year of Rs. 1237crs, a YoY increase of 57%. During Q1 FY20, loan portfolio increased by Rs. 97crs. It achieved a profit after tax of Rs. 23crs in Q1 FY20 as against previous year profit after tax of Rs. 12crs. Its Stage III Asset on Gross Loan Asset % as on June 30, 2019 stood at 1.16%.

Muthoot Insurance Brokers Pvt Limited (MIBPL), an IRDA registered Direct Broker in insurance products and a wholly owned subsidiary company generated a total premium collection amounting to Rs. 61crs in Q1 FY20 as against Rs. 50crs in the previousyear. It generated a Profit after Tax of Rs. 3crs in Q1 FY20 as against Rs. 2crs in the previous year.

The Sri Lankan subsidiary – Asia Asset Finance PLC. (AAF) where Muthoot Finance holds 72.92% stake, increased its loan portfolio to LKR 1290crs as against last year of LKR 10,68crs, a YoY increase of 21%. During Q1 FY20, loan portfolio increased by LKR 33crs. Total revenue for Q1 FY20 stood at LKR 80crs as against previous year total revenue of LKR 69crs. It generated a profit after tax of LKR 3crs in Q1 FY 20 as against previous year profit after tax of LKR 2crs.

Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recently, Company has started extending loans for Commercial Vehicles and Equipments. During Q1 FY20, it has increased its loan portfolio to Rs.393crs.During Q1 FY20, loan portfolio increased by 82crs. Total revenue for Q1 FY20 stood at 14crs.

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