'Muthoot Finance conducted a conference call on 14 November 2024 to discuss the financial results for the quarter ended September 2024. George Alexander Muthoot, MD of the company addressed the call:
Highlights:
The company has crossed the standalone asset under management (AUM) of Rs 90000 crore and consolidated AUM of Rs 1,00,000 crore end September 2024.
The standalone loan book has increased by a strong 31% to Rs 90171 crore end September 2024, while the gold loan AUM has jumped 28% to Rs 86164 crore.
The company has recorded 18% growth in the standalone net profit to Rs 2330 crore for H1FY2025.
The gold loan disbursements were highest at Rs 10687 crore in H1FY25 to 966405 lakh new customers.
The company has the highest AUM per branch among peers at Rs 17.75 crore.
With the strong growth in the gold loan AUM, the company has raised its AUM growth guidance to 25%+ from the earlier estimate of 15%.
The non-gold segments a...
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