Muthoot Finance Ltd’s Consolidated Loan AUM increased by 13% YoY at Rs.40390crs for H1 FY20

0

Consolidated Results of Muthoot Finance Ltd

Muthoot Finance Ltd’s Consolidated Loan Assets under management achieved a YoY increase of 13% at Rs.40390crs as against last year of Rs.35835crs for H1 FY20. Consolidated Profit after tax achieved a YOY increase of 42% of Rs.1472crs as against last year of Rs.1033crs for H1 FY20

 

H1 FY20

H1 FY19

YOY %

Q2 FY20

Q1 FY20

QoQ %

FY19

YTD %

Group Branch Network

5190

4765

9%

5190

5092

1.9%

5020

3%

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

40390

35835

13%

40390

40228

0.4%

38304

5%

Consolidated Profit of the Group (Rs. In crores)

1472

1033

42%

909

563

61%

2103

Contribution in the Consolidated Gross Loan Assets of the Group

Muthoot Finance

35250

32132

10%

35250

35406

-0.4%

33746

4%

Subsidiaries

5140

3703

39%

5140

4822

7%

4558

13%

Contribution in the Consolidated Profit of the Group

Muthoot Finance

1375

971

42%

853

522

63%

1946

Subsidiaries

97

62

56%

56

41

37%

157

 

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 42%, at Rs.1388crs for H1 FY20 as against Rs.975crs in the previous year.  Loan Assets stood at Rs.35731crs as at September 30, 2019 as against Rs.32319crs as at September 30, 2018, Y-o-Y growth of 11%.

Muthoot Homefin (India) Ltd (MHIL), the wholly owned subsidiary, increased its loan portfolio to Rs.2098crs as against previous year of Rs.1775crs, a YoY increase of 18%. During Q2 FY20, loan portfolio increased by Rs.110crs, QoQ growth of 6%. Total revenue for Q2 FY20 & H1 FY20 stood at Rs.91crs & Rs.152crs as against previous year total revenue of Rs.55crs & Rs.104crs . It achieved a profit after tax of Rs.14crs & Rs.20crs in Q2 FY20 & H1 FY20 as against previous year profit of Rs.11crs & Rs.21crs. Its Stage III Asset on Gross Loan Asset % as on September 30, 2019 stood at 1.10%.

M/s. Belstar Microfinance Private Limited (BMPL) , an RBI registered micro finance NBFC and Subsidiary Company where Muthoot Finance holds 70.01% stake, grew its loan portfolio to Rs.2107crs as against last year of Rs.1381crs, a YoY increase of 53%. During Q2 FY20, loan portfolio increased by Rs.169crs. It achieved a profit after tax of Rs.28crs & Rs.51crs in Q2 FY20 & H1 FY20 as against previous year profit after tax of Rs.16crs & Rs.29crs. Its Stage III Asset on Gross Loan Asset % as on September 30, 2019 stood at 1.02%.

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.71crs & Rs.132crs in Q2 FY20 & H1 FY20 as against Rs.67crs & Rs.116crs in the previous year. It generated a Profit after Tax of Rs.4crs & Rs.7crs in Q2 FY20 & H1 FY20 as against Rs. 4crs & Rs.6crs 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 1314crs as against last year of LKR 1124crs, a YoY increase of 17%. During Q2 FY20, loan portfolio increased by LKR 24crs. Total revenue for Q2 FY20 & H1 FY20 stood at LKR 86crs & LKR 166crs as against previous year total revenue of LKR 69crs & LKR 138crs. It generated a profit after tax of LKR 3crs & LKR 5crs in Q2 FY20 & H1 FY20 as against previous year profit after tax of LKR 2crs & LKR 4crs.

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 Q2 FY20, it has increased its loan portfolio to Rs.426crs. During Q2 FY20, loan portfolio increased by Rs.34crs. Total revenue for Q2 FY20 & H1 FY20 stood at Rs.17crs & Rs.31crs.

Comments

comments

admin
Avatar

Leave A Reply

six + 5 =