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Muthoot Finance

Muthoot Finance shares rise 7% on strong Q3; PAT up 22%, revenue 36% YoY

On Wednesday, after market hours, Muthoot Finance reported a 22 per cent rise in net profit during the third quarter to Rs 1,392 crore, as compared to Rs 1,145 crore in Q3FY24

Muthoot Finance shares rise 7% on strong Q3; PAT up 22%, revenue 36% YoY
Updated On : 13 Feb 2025 | 1:16 PM IST

Stocks to Watch, Feb 13, 2025: Honasa, ITI, Godrej Ind, Muthoot Finance

Stocks to Watch on February 13, 2025: Investors will focus on Q3 results of Godrej Industries, ITI and others. They will also focus on stock specific development in Vi, ONGC, NTPC Green and others

Stocks to Watch, Feb 13, 2025: Honasa, ITI, Godrej Ind, Muthoot Finance
Updated On : 13 Feb 2025 | 7:54 AM IST

Muthoot Finance Q3 results: Net profit rises 22% to Rs 1,392 crore

The company's total revenue from operations also increased by 36 per cent to Rs 5,189 crore, compared to Rs 3,820 crore during the same period in FY24

Muthoot Finance Q3 results: Net profit rises 22% to Rs 1,392 crore
Updated On : 12 Feb 2025 | 6:42 PM IST

Q3 results today: HAL, Ashok Leyland, Siemens to post earnings on Feb 12

Q3 FY25 company results, February 12: PFC, RFC, Mamaearth, Dominoes, and Godrej Industries will be among 498 companies to release their performance report for the Oct-Dec quarter

Q3 results today: HAL, Ashok Leyland, Siemens to post earnings on Feb 12
Updated On : 12 Feb 2025 | 9:58 AM IST

Ruchit Jain of MOFSL recommends buying these three stocks on January 23

Bajaj Finserv stock has shown a relative outperformance to the broader markets in last few days and has now given a breakout from a consolidation phase

Ruchit Jain of MOFSL recommends buying these three stocks on January 23
Updated On : 23 Jan 2025 | 7:04 AM IST

New Year, New Highs: How to trade in Muthoot Finance, Kaynes Tech, Praj?

Muthoot Finance, Blue Star, Coromandel Fertilisers, Praj, Kaynes Technology, Lloyd Metals, IPCA Labs and Radico Khaitan were the 8 stocks to hit a new life-time high on January 1, 2025.

New Year, New Highs: How to trade in Muthoot Finance, Kaynes Tech, Praj?
Updated On : 01 Jan 2025 | 1:09 PM IST

Muthoot Finance hits new high; up 22% within 2 months on strong Q2 results

Since November 18, the market price of Muthoot Finance soared 22 per cent after for FY25 the company revised its gold loan growth guidance upwards to 25 per cent from earlier guidance of 15 per cent.

Muthoot Finance hits new high; up 22% within 2 months on strong Q2 results
Updated On : 01 Jan 2025 | 12:31 PM IST

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why

Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why
Updated On : 10 Dec 2024 | 12:17 PM IST

Muthoot Finance gains 7% as Q2 profit increases 21%, revenue up 37%

In the September quarter, the company reported a 21 per cent year-on-year (Y-o-Y) growth in the consolidated net profit to Rs 1,321 crore, compared to Rs 1,095 crore

Muthoot Finance gains 7% as Q2 profit increases 21%, revenue up 37%
Updated On : 18 Nov 2024 | 9:56 AM IST

Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr

Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24

Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr
Updated On : 14 Nov 2024 | 7:54 PM IST

Muthoot Finance Q2FY25 results: Net profit jumps 26% to Rs 1,251 crore

Muthoot Finance on Thursday reported over 26 per cent jump in net profit at Rs 1,251.1 crore in the second quarter ended September 2024. The company had a net profit of Rs 991 crore in the second quarter of 2023-24 fiscal. Muthoot Finance's total revenue from operation rose to Rs 4,117.4 crore during the latest July-September quarter from Rs 3,059.67 crore in the corresponding period a year ago. In a regulatory filing, Muthoot Finance said its board has approved additional equity infusion of Rs 500 crore in its wholly-owned subsidiary Muthoot Money Ltd. Shares of Muthoot Finance closed at Rs 1,800, up 1.53 per cent over previous close on the BSE.

Muthoot Finance Q2FY25 results: Net profit jumps 26% to Rs 1,251 crore
Updated On : 14 Nov 2024 | 5:25 PM IST

Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x

The funds raised will be used for onward lending and other activities permitted under the external commercial borrowing guidelines of the Reserve Bank of India

Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x
Updated On : 23 Oct 2024 | 6:36 PM IST

Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time

The country's largest gold finance company will pay a semi-annual coupon of 6.3750 per cent on this issue, the bankers said, adding that bids opened on Wednesday and closed earlier in the day

Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time
Updated On : 17 Oct 2024 | 4:17 PM IST

Tier II, smaller cities consuming over 80% credit: Google Pay exec

At 10th edition of Google for India, fintech major announced credit partnerships with two lenders: Aditya Birla Finance Limited for unsecured loans and Muthoot Finance for gold-backed secured credit

Tier II, smaller cities consuming over 80% credit: Google Pay exec
Updated On : 03 Oct 2024 | 7:46 PM IST

Google, Muthoot Finance tie up to provide gold-backed loans through GPay

Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay. Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available in Hindi, and later eight more Indian languages will be included. These announcements were made by the company officials at the 10th edition of 'Google for India' event here. GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India. People across India can now access this credit product, with affordable interest rates and flexible usage options--delivering flexibility to the borrower, and security to the lender, Google said. As regards AI assistant Gemini Live, Hema Budaraju, Senior Director, Product Management, Google India, said that over 40 per cent of the Gemini users rely on voi

Google, Muthoot Finance tie up to provide gold-backed loans through GPay
Updated On : 03 Oct 2024 | 7:03 PM IST

Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1

This growth is a testament to our three-pronged strategy to focus on disbursements, operational efficiency, and maintaining healthy margins, says George Alexander

Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1
Updated On : 13 Aug 2024 | 6:50 PM IST

RBI penalises CSB Bank, Union Bank of India, others for norms violation

The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on 'Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks' and 'Master Circular on Branch Authorisation'. In another statement, the RBI said a penalty of Rs 1.06 crore has been imposed on Union Bank of India for non-compliance with certain norms on 'Creation of a Central Repository of Large Common Exposures-Across Banks' and 'Know Your Customer (KYC)'. A fine of 5 lakh has been imposed on Muthoot Housing Finance Company for non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021', the central bank said in another release. The RBI has also imposed a penalty of Rs 5 l

RBI penalises CSB Bank, Union Bank of India, others for norms violation
Updated On : 12 Aug 2024 | 7:35 PM IST

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance

The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance
Updated On : 19 Jun 2024 | 9:39 AM IST

Muthoot Finance diversifying loan book to make customers 'stick': MD

Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot

Muthoot Finance diversifying loan book to make customers 'stick': MD
Updated On : 12 Jun 2024 | 11:31 PM IST

Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat

Muthoot Finance Q4: Muthoot Finance clocked its highest-ever consolidated loan asset under management (AUM) of Rs 89,079 crore in Q4FY24

Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat
Updated On : 31 May 2024 | 10:58 AM IST