Muthoot Finance share price soars nearly 18% in 2 sessions on strong Q4 results - DATA HIGHLIGHTED

Muthoot Finance share price was trading at Rs 1520, up Rs 10 or 7.5% on Tuesday. Muthoot Finance stocks also made new Life high of Rs 1537.5 today. The market cap of Muthoot Finance is Rs 61000 crore. The 52-week low on the stock was Rs 841. 

Key Financial Highlights of FY 2020-21 of Muthoot Finance:

Consolidated Loan AUM increased by 24% YoY at Rs 58280 cr for FY21

Consolidated Profit after Tax increased by 21% YoY at Rs 3819 cr for FY21

Standalone Loan AUM increased by 26% YoY at Rs 52622 cr for FY21

Standalone Profit after tax increased by 23% YoY at Rs 3722 cr for FY21

CRISIL and ICRA upgrades long term credit rating from AA to AA+/Stable

Dividend of 200% on face value of shares of Rs 10 each involving a payout of Rs 802 cr

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Consolidated Results of Muthoot Finance:

Muthoot Finance Consolidated Loan Assets under management achieved a YoY increase of 24% at Rs 58280 cr vs Rs 46871 cr for FY21 YoY. Consolidated Profit after tax achieved a YOY increase of 21% of Rs 3819 cr vs Rs 3169crs for FY21 YoY.

Standalone Results of Muthoot Finance and its subsidiaries:

Muthoot Finance, the largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 23%, at Rs 3722 cr for FY21 vs Rs 3018 cr YoY. Loan Assets stood at Rs 52622 cr as at March 31, 2021 vs  Rs 41611 cr as at March 31, 2020, YoY growth of 26%. During the quarter, gold loan assets increased by Rs 2304 cr.

Commenting on the results, George Jacob Muthoot, Chairman stated that “As we complete the 10 years of public listing of equity shares through IPO, we are extremely delighted and overwhelmed to note that we have crossed several landmarks in our business parameters. 

During the year, our long-term credit ratings were upgraded to ‘AA+ ‘by CRISIL and ICRA which makes us the only Gold Loan NBFC with a ‘AA+’ rating from these rating agencies, Our Gold Loan Portfolio crossed Rs 50000 cr , the Total revenue for the year crossed Rs 10000 cr , Profit before tax for the year crossed Rs 5000 cr and Networth crossed Rs 15000 cr, all such landmarks being achieved for the first time in Company’s history. During the last decade since our IPO, we believe that we have been able to create significant value additions for all our stakeholders at different levels. 

Being the market leader in our industry we are resolutely confident of continuing our journey in this direction in future too. Following our track record of consistent dividend payout, we declared a dividend of Rs 20 per share for the financial year 2020-21 involving a total payout of Rs 802 cr in April 2021.”