Muthoottu Mini Financiers, has registered a profit before tax of ₹103.83 crore in the nine months of FY25, witnessing a 20.5 per cent rise compared to the same period last year. PAT also registered a growth of 24.35 per cent increase, reaching ₹74.66 crore against ₹60.04 crore.
The company maintained a robust asset quality, with net NPA at a low level of 0.77 per cent during the period. It also registered a strong 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 per cent during the first nine months of FY25, a press release said.
Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers, said,“the increasing popularity of gold loans as a reliable and accessible financial solution continues to drive our growth trajectory”.
P E Mathai, Chief Executive Officer, Muthoottu Mini Financiers, added, the strong revenue and PAT growth in FY25 clearly demonstrate the impact of the strategic initiatives and operational efficiencies, as the company expanded the branch network and improve digital initiatives. The impressive year-on-year improvements in profitability metrics during the quarter set a solid foundation for future growth.
Muthoottu Mini Financiers currently operates through 920+ branches across 10 States and Union Territories of Delhi and Puducherry serving 25 lakhs plus customers as of December 2024.
