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Kochi, February 10, 2025 – Muthoottu Mini Financiers, one of India’s leading NBFCs, popularly known as Muthoottu Yellow, has announced its unaudited financial results for the quarter ended December 31, 2024. Highlighting significant improvements in key financial metrics, the company achieved a 20.5% Year-on-Year increase in Profit Before Tax (PBT) and a remarkable 24.35% surge in Profit After Tax (PAT) during the first nine months of FY25 compared to the same period during FY24.
During the first nine months of the financial year, from April-December 2024, the company reported strong financial growth, with PBT rising by 20.50% to ₹103.84 crore from ₹86.18 crore in the same period last year. Profit After Tax (PAT) during the same period also saw a significant increase of 24.35%, reaching ₹74.66 crore compared to ₹60.04 crore in the previous year. Additionally, the company maintained a robust asset quality, with Net NPA at a low level of 0.77% during the period, reflecting the company’s strong risk management practices.
The company also registered a strong Assets under Management (AUM) growth, with the total loan portfolio at ₹3,816 crore as on December 31, 2024, while maintaining robust asset quality with net non-performing assets at 0.77% during the first nine months of FY25.
Commenting on the strong results, Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers, said, “We are proud to report yet another quarter of consistent growth, which reflects the strength of our brand and the trust of our customers. The increasing popularity of gold loans as a reliable and accessible financial solution continues to drive our growth trajectory. We remain committed to providing the best-in-class services to our customers and look forward to further enhancing our footprint across the nation.”
Mr. P E Mathai, Chief Executive Officer, Muthoottu Mini Financiers, added, “Our strong revenue and PAT growth in FY25 clearly demonstrate the impact of our strategic initiatives and operational efficiencies, as we expand our branch network and improve our digital initiatives, we are well-positioned to build on this momentum and deliver sustained growth in the coming years. The impressive year-on-year improvements in our profitability metrics during the quarter set a solid foundation for our future growth. We remain dedicated to further enhancing our financial performance while expanding our customer base and market reach.”
Muthoottu Mini Financiers currently operates through 920+ branches across 10 states and union territories of Delhi and Puducherry, in India, serving 25 lakhs plus customers as of December 2024. With a workforce of 5,000+ employees, the company continues to expand its presence, particularly in rural and semi-urban areas.
