Page 8 - Muthoot Finance
Muthoot to start mutual funds, vehicle finance business this fiscal
Non Banking Finance Company (NBFC) Muthoot Finance Ltd is expected to start its mutual funds business and vehicle finance business during this fiscal year as part of its plans to grow its non-gold loan portfolio gradually. The company is expecting its revenue to grow around 20 per cent during the current fiscal year, from the last year's 10 per cent growth."At present, almost 90 per cent of our portfolio is gold loan, with the rest coming from housing finance, microfinance and the Sri Lankan subsidiary. We are planning to bring the gold loan to 85 per cent by the end of this year and to 80 per cent during the next year," said George Alexander Muthoot, managing director of Muthoot Finance. He said that the effort is to grow the non-gold loan portfolio.The company has received in-principle approval to launch the asset management company and would be setting up the business in six months. At one point of time the company had a private placement debuntures of around Rs 120 billion, which .
 "Muthoot to start mutual funds, vehicle finance business this fiscal")
Muthoot Finance falls 7% post Q4 results
The stock dipped 7% to Rs 389 in early morning trade after the company reported 8% decline its standalone revenue from financing segment at Rs 15.73 billion in March quarter.
 "Muthoot Finance falls 7% post Q4 results")
Note ban impact behind us, on track to 12% growth: Muthoot Finance MD
Muthoot Finance Managing Director George Alexander Muthoot says the company is looking at options beyond gold loans
 "Note ban impact behind us, on track to 12% growth: Muthoot Finance MD")
Muthoot Finance Q2 net up 53% at Rs 454 cr
The company made reserves of Rs 1,571 crore as provision for NPAs or bad loans
 "Muthoot Finance Q2 net up 53% at Rs 454 cr")
Muthoot Homefin to raise Rs 100 crore
Parent Muthoot Finance Board gives nod to infuse the money
 "Muthoot Homefin to raise Rs 100 crore")
Muthoot Finance to raise up to Rs 1,400 cr via NCDs
Muthoot Finance said it will utilise the funds raised through this issue to lending activities of the company
 "Muthoot Finance to raise up to Rs 1,400 cr via NCDs")
Muthoot Finance gets upgradation in rating for long term debt: ICRA
Long term debt rating covers debt instruments of above one year
Muthoot Finance hits record high on strong Q1 earnings
The stock surged nearly 7% to Rs 340, also its record high on the BSE in intra-day trade.
 "Muthoot Finance hits record high on strong Q1 earnings")
Gold finance major Muthoot Finance's Q1 net up 48%
It had posted a net profit of Rs 183 crore in April-June 2015
 "Gold finance major Muthoot Finance's Q1 net up 48%")
Muthoot Finance Q1 net rises 48% to Rs 270 crore on retail demand
The company's stock closed up 3.19% at Rs 318.65 on BSE
Muthoot Finance completes acquisition of insurance broking arm
This will enable the company to diversify its investment products, said Muthoot Finance MD
 "Muthoot Finance completes acquisition of insurance broking arm")
Muthoot Finance extends gain post Q4 results
The stock moved higher by 6% to Rs 270 on the BSE, extending its 18% rally in past one week.
 "Muthoot Finance extends gain post Q4 results")
Muthoot Finance hits 52-week high on good Q4 results
The stock rallied 11% to Rs 239 after the company posted 61% YoY jump in profit at Rs 265 crore in Q4FY16.
 "Muthoot Finance hits 52-week high on good Q4 results")
Muthoot Finance is India's most trusted finance diversified brand: Brand Trust Report
The study was conducted by TRA Research
