Muthoot Finance, a leading gold loan non-banking financial company (NBFC), announced outstanding financial results for the fiscal year ending March 31, 2024 (FY24). The company achieved record-breaking milestones in various key parameters, demonstrating its robust growth and financial strength.
Key Highlights for FY24:
Highest Ever Consolidated Loan AUM (Assets Under Management): Reached ₹89,079 crore, marking a substantial 25% YoY increase.
Highest Ever Standalone Loan AUM: Attained ₹75,827 crore, reflecting a significant 20% YoY increase.
Highest Ever Consolidated Profit After Tax (PAT): Recorded a remarkable ₹4,468 crore, demonstrating a solid 22% YoY increase.
Highest Ever Standalone Profit After Tax (PAT): Reached ₹4,050 crore, showing a commendable 17% YoY increase.
Highest Ever Gross Gold Loan Advance in any Year: Crossed ₹1,65,746 crore.
Highest Ever Gold Loan Advance to New Customers: Surpassed ₹16,415 crore.
Increase in Gold Loan AUM: Witnessed an 18% YoY increase, reaching ₹11,003 crore.
All-Time High Interest Collection: Achieved a remarkable ₹10,984 crore.
Overall Performance:
Muthoot Finance's FY24 performance reflects its consistent growth trajectory and resilience in the financial market. The company's strong focus on gold loans, coupled with its vast network and customer-centric approach, has contributed significantly to its success. The record-breaking figures in various financial parameters demonstrate the company's ability to capitalize on market opportunities and deliver exceptional results.
For further information, you can refer to the following resources:
Muthoot Finance Financial Reports: https://www.muthootfinance.com/financial-reports
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/muthoot-finance-ltd
5paisa Share Price: https://www.5paisa.com/stocks/muthootfin-share-price
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