Muthoot Finance Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Muthoot Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 1923.75, up 1.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.39% on the day, quoting at 23674.85. The Sensex is at 78171.81, up 1.32%. Muthoot Finance Ltd has dropped around 0.07% in last one month.

Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has dropped around 0.85% in last one month and is currently quoting at 23273.45, up 1.19% on the day. The volume in the stock stood at 3.29 lakh shares today, compared to the daily average of 5.79 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1922.45, up 1.34% on the day. Muthoot Finance Ltd is up 44.45% in last one year as compared to a 19.56% gain in NIFTY and a 20.23% gain in the Nifty Financial Services index.

The PE of the stock is 17.29 based on TTM earnings ending September 24.

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Sequentially, the NBFC's net profit and total income in Q2 FY25 jumped 15.99% and 11.17%, respectively.

Profit before tax advanced 28.4% to Rs 1,707.96 crore in Q2 FY25 as compared with Rs 1,330.22 crore posted in Q2 FY24.

Loan assets (AUM) stood at Rs 90,197 crore in the quarter ended September 2024, registering a growth of 31% YoY.

India's largest gold loan NBFC's consolidated net profit increased 20.63% to Rs 1,321.22 crore on 36.68% rise in revenue from operations to Rs 4,928.82 crore in Q2 FY25 over Q2 FY24.

Muthoot Finance consolidated Loan Assets Under Management (AUM) grew 31% YoY to Rs 1,04,149 crore in Q2 FY25.

George Jacob Muthoot, chairman, The Muthoot Group said, “As India’s economic and investment activities gain momentum, we are steadfast in our vision to diversify our portfolio beyond gold loans, evolving as a comprehensive financial services group.”

George Alexander Muthoot, managing director, said, “We are pleased to announce that we have achieved exceptional financial results for the first half of FY25. Our standalone loan AUM reached a historic high of Rs 90,197 crore, driven by a robust 28% YoY growth in our core gold loan portfolio. Our standalone profit after tax grew by 18% YoY at Rs 2330 crore. This half year saw the highest-ever gold loan disbursements to new customers of Rs 10,687 crore to 9.66 lakh customers.

Among the peer NBFC group, we have the highest average gold loan AUM per branch of Rs 17.75 crore. During the half year, gold loan portfolio grew by 18% of Rs 13,285 crore. On the back of these achievements, wewish to revise our earlier guidance for FY25 on gold loan growth from 15% to 25%. We are also encouraged by the progress in our non-gold loan portfolio, with notable growth across microfinance, personal loans, and home loans, strengthening our position as a diversified financial services conglomerate.”

Following the Q2 results, a foreign brokerage firm upgraded Muthoot Finance stock to 'Equal-weight' from 'Underweight' and raised the target price to Rs 1,600 from Rs 1,430.

Muthoot Finance is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education and hospitality. It is India's largest gold loan focused NBFC.

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Sequentially, the NBFC's net profit and total income in Q2 FY25 jumped 15.99% and 11.17%, respectively.

Profit before tax advanced 28.4% to Rs 1,707.96 crore in Q2 FY25 as compared with Rs 1,330.22 crore posted in Q2 FY24.

Loan assets (AUM) stood at Rs 90,197 crore in the quarter ended September 2024, registering a growth of 31% YoY.

India's largest gold loan NBFC's consolidated net profit increased 20.63% to Rs 1,321.22 crore on 36.68% rise in revenue from operations to Rs 4,928.82 crore in Q2 FY25 over Q2 FY24.

Muthoot Finance consolidated Loan Assets Under Management (AUM) grew 31% YoY to Rs 1,04,149 crore in Q2 FY25.

George Jacob Muthoot, chairman, The Muthoot Group said, “As India’s economic and investment activities gain momentum, we are steadfast in our vision to diversify our portfolio beyond gold loans, evolving as a comprehensive financial services group.”

George Alexander Muthoot, managing director, said, “We are pleased to announce that we have achieved exceptional financial results for the first half of FY25. Our standalone loan AUM reached a historic high of Rs 90,197 crore, driven by a robust 28% YoY growth in our core gold loan portfolio. Our standalone profit after tax grew by 18% YoY at Rs 2330 crore. This half year saw the highest-ever gold loan disbursements to new customers of Rs 10,687 crore to 9.66 lakh customers.

Among the peer NBFC group, we have the highest average gold loan AUM per branch of Rs 17.75 crore. During the half year, gold loan portfolio grew by 18% of Rs 13,285 crore. On the back of these achievements, wewish to revise our earlier guidance for FY25 on gold loan growth from 15% to 25%. We are also encouraged by the progress in our non-gold loan portfolio, with notable growth across microfinance, personal loans, and home loans, strengthening our position as a diversified financial services conglomerate.”

Muthoot Finance is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education and hospitality. It is India's largest gold loan focused NBFC.

The scrip rose 0.27% to close at Rs 1,777.70 on Thursday, 14 November 2024. The stock market is closed today on account of Guru Nanak Jayanti.

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Net profit of Muthoot Finance rose 20.01% to Rs 1271.60 crore in the quarter ended September 2024 as against Rs 1059.62 crore during the previous quarter ended September 2023. Sales rose 36.68% to Rs 4928.82 crore in the quarter ended September 2024 as against Rs 3606.14 crore during the previous quarter ended September 2023.

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