Highest Ever Consolidated Loan AUM at Rs. 1,11,308 crores as on December 31, 2024

 Historic Highest YoY Growth in Loan AUM of Rs. 28,535 crores, up by 34% 

Highest Ever Consolidated Profit after Tax at Rs. 3,908 crores in 9 months of any year, up by 19% YoY

Highest Ever Standalone Loan AUM at Rs. 97,487 crores as on December 31, 2024

Historic Highest YoY Growth in Loan AUM of Rs. 26,305 crores, up by 37% 

Historic Highest YoY Growth in Gold Loan AUM of Rs. 23,742 crores, up by 34%

Highest Ever Standalone Profit after tax at Rs. 3,693 crores in 9 months of any year, up by 23% YoY

Results 

A meeting of the Board of Directors of Muthoot Finance Ltd. was held today to consider and approve the unaudited standalone and consolidated results for the quarter ended December 31, 2024.

Bengaluru, February 12, 2025:

Consolidated Results of Muthoot Finance Ltd

Muthoot Finance Ltd Consolidated Loan Assets Under Management grew 34% YoY to Rs. 1,11,308 crores as at 9M FY25 as against Rs. 82,773 crores last year. During the quarter, Consolidated Loan Assets Under Management increased by Rs. 7,159 crores i.e., an increase of 7% QoQ. Consolidated Profit after Tax for 9M FY25 stood at           Rs. 3,908 crores as against Rs. 3,285 crores last year, an increase of 19% YoY. Consolidated Profit after Tax for Q3 FY25 increased by 21% YoY at Rs. 1,392 crores as against Rs. 1,145 crores in Q3 FY24.

(Rs. in crores)

Financial Performance	Q3 FY25	Q2 FY25	QoQ %	Q3 FY24	YoY %	9M FY25	9M   FY4	YoY %
Group Branch Network	7,340	7,097	3%	6,321	16%	7,340	6,321	16%
Consolidated Loan AUM of the Group	111,308	104,149	7%	82,773	34%	111,308	82,773	34%
Consolidated Profit after tax of the Group	1,392	1,321	5%	1,145	22%	3,908	3,285	19%
Contribution in the Consolidated Loan AUM of the Group
Muthoot Finance Ltd	96,072	89,081	8%	70,852	36%	96,072	70,852	36%
Subsidiaries	15,236	15,068	1%	11,921	28%	15,236	11,921	28%
Contribution in the Consolidated Profit after tax of the Group
Muthoot Finance Ltd	1,341	1,235	9%	1,024	31%	3,647	2,979	22%
Subsidiaries	51	86	-41%	121	-58%	261	306	-15%

Mr. George Jacob Muthoot, Chairman, The Muthoot Group, said, “We are glad to report continued growth momentum on quarter-on-quarter basis with our Consolidated Loan Assets Under Management crossing another milestone of Rs. 1,11,000 crores, while our Standalone Loan AUM surpassing Rs. 97,000 crores. The contribution of subsidiaries stands at 14%. Additionally, our Consolidated Profit after Tax for 9M FY25 increased by 19% YoY to Rs. 3,908 crores. Amid favorable macroeconomic indicators, the union budget’s positive tax reform announcements are expected to start a consumption cycle, combined with a steadfast commitment to the fiscal deficit target, the general economic outlook looks promising. Also, RBI’s focus on enhancing liquidity, and the move to slash the bench mark interest rate for the first time in 5 years, paint an optimistic outlook.  In line with our vision to emerge as a diversified financial services provider, we are actively expanding our new product portfolio, including Business Loans, SME Loans, Loan against Property, and Personal Loans. These offerings complement our core Gold Loan business, providing customers with tailored financial solutions while enabling us to broaden our customer base and revenue streams. As we scale up our non-gold loan segments and enhance the contribution from subsidiaries, we are on track to grow their share to 18%-20% over the next five years. We remain committed to leveraging our strengths to drive inclusive growth and long-term value creation for all stakeholders.”

Mr. George Alexander Muthoot, Managing Director, Muthoot Finance, said, “We are pleased to report another strong quarter, building on our robust performance trajectory. In Q3 FY25, our Standalone Loan AUM witnessed a significant growth of Rs. 26,305 crores, driven by a robust 37% YoY growth in our core gold loan portfolio. During 9M, gold loans increased by Rs. 21,660 crores registering a growth of 29%. This was in tandem with the accelerated demand for gold loans, especially during the festive season. Our Standalone Profit after Tax for 9M grew by 23% YoY at Rs. 3,693 crores. The surge in gold loan advances reflects not only the trust our customers place in us but also the resilience of India’s economic momentum. Among our subsidiaries, we have witnessed growth in our housing finance arm disbursing ₹880 crores in 9M FY25, up from ₹493 crores last year. We have tempered disbursements in response to challenges faced in microfinance sector, and our focus continues to be on strengthening collections and enhancing quality of loan book. We are closely monitoring the industry situation, and we see this as a transitionary issue, and expect it to get to be resolved in the next couple of quarters. The expansion of our branch network and the increasing adoption of digital platforms have further strengthened customer engagement, with a significant portion of transactions now being facilitated through digital channels.”

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