DBT Bureau
Pune, 9 Nov 2024
Muthoot FinCorp Limited, the flagship company of 137-year-old Muthoot Pappachan Group and a Non-Banking Financial Company (NBFC) has achieved net profit growth at Rs 59.68 crore in Q2 FY25 – 28.46% rise compared to Q2 FY24. The consolidated loan disbursements stood at Rs 15,633.50 crore, representing a 9.34% increase from Q2 FY24. The unaudited consolidated revenue for Q2 Fy25 grew to Rs 2,113.78cr, up by 35.48% compared to Q2 Fy24. The Loan Assets under Management (AUM) reached Rs 41,873.15 crore, with a net profit of Rs 269.37 crore, an increase of 28.46% from the corresponding quarter (Q2 FY24).
On a standalone basis, Muthoot FinCorp’s disbursements stood at Rs 12,741.80 crore, up by 11.34% in Q2 FY24. Net profit as per the unaudited financial results rose to Rs 198.17 crore, a 118.02% growth compared to Rs 90.90 crore in the corresponding quarter of the previous year. Assets under Management (AUM) stood at Rs 27,043.35 crore, reflecting a 35.46% growth from Q2 of FY24. Revenue for the July-September quarter of FY 25 was Rs 1,347.76 crore, marking a 46.44% increase from Rs 920.37 crore in Q2 of FY 24.
“Muthoot FinCorp’s performance in Q2 FY25 underscores the company’s commitment to financial empowerment through accessible, customer-centric solutions. By introducing products that meet the specific needs of our customers—whether it’s a micro-business looking for expansion capital or individuals aspiring to a secure financial future—we are pushing the boundaries of traditional financial services. This quarter’s results reflect our resilience and the continued trust of our customers. We remain dedicated to supporting their aspirations and contributing to their financial security, as we build on our legacy of service and innovation.” said Thomas John Muthoot, Chairman of Muthoot FinCorp Limited.
Reflecting on the quarter’s achievements, Shaji Varghese, CEO of Muthoot FinCorp Limited, said, “We are excited to share the Q2 FY25 results with you. We have seen substantial traction across the market, and we look forward to strengthening our product offering further in the coming quarters. With gold loans as our flagship service, we will continue our drive to move from product to segment ensuring to meet the lifecycle needs of our customers. This quarter’s results reflect our resilience and the continued trust of our customers, and we remain dedicated to being a catalyst to meet their aspirations while contributing to nation-building.”
