Gold loan lender Muthoot Finance saw 21 per cent rise in its consolidated PAT in Q3 of FY25 at ₹1,392 crore as against ₹1,145 crore in Q3 FY24. Consolidated PAT for 9M FY25 stood at ₹3,908 crore against ₹3,285 crores last year, an increase of 19 per cent.
Consolidated Loan AUM
During the quarter, consolidated Loan AUM increased by ₹7,159 crore, an increase of 7 per cent. Consolidated Loan AUM grew 34 per cent to ₹1,11,308 crore as at nine months of FY25 against ₹82,773 crore last year.
George Jacob Muthoot, Chairman, said “Amid favourable 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, Reserve Bank of India (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.”
“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 per cent over the next 5 years”.
George Alexander Muthoot, Managing Director, said, “among our subsidiaries, we have witnessed growth in housing finance arm disbursing ₹880 crore in 9M FY25, up from ₹493 crore 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.”
