Muthoot Finance Achieves Record ₹98,048 Crore Loan AUM in Q1 FY25

Muthoot Finance Limited announced its financial results for the quarter ended June 30, 2024 (Q1 FY 2025).

The company achieved its highest-ever Consolidated Loan Assets Under Management (AUM) at ₹98,048 crores as of June 30, 2024, reflecting a historic year-on-year (YoY) growth of ₹21,249 crores, up by 28%. Consolidated Profit after Tax also reached an all-time high of ₹1,196 crores for Q1 FY25, representing a 14% YoY increase.

On a standalone basis, Muthoot Finance reported its highest-ever Loan AUM at ₹84,324 crores, with a notable YoY growth of ₹14,883 crores, up by 23%. Standalone Profit after Tax also reached a record ₹1,079 crores for Q1 FY25, an 11% increase YoY.

In Q1 FY25, the company successfully raised USD 650 million through a global bond issuance, further strengthening its financial position. Additionally, the Muthoot Finance Group expanded its reach by opening 218 new branches, reinforcing its presence across India.

In a significant recognition, Muthoot Finance became the only Indian Non-Banking Financial Company (NBFC) selected for the Financial Action Task Force (FATF) On-site Mutual Evaluation Report on India conducted in November 2023. India received an Outstanding Outcome and was placed in the ‘regular follow-up’ category.

As part of its ‘Bharosa India Ka’ brand campaign, Muthoot Finance also launched two new ad films, emphasising its commitment to trust and reliability in the financial services sector.

Commenting on the quarterly performance, Mr George Jacob Muthoot, Chairman, said, “Our subsidiaries have continued the strong growth momentum, contributing significantly to our consolidated loan assets, which now stand at 15%. Consolidated Profit after Tax also grew by 14% YoY to Rs. 1,196 crores. The contribution of our subsidiaries in consolidated Profit After Tax stood at 10% in Q1 FY25, reflecting our focus on emerging as a diversified financial services group. In the backdrop of India being on a positive growth trajectory, and evolving as an attractive global investment destination, the financial sector is set to play a crucial role in this journey.”

He further added, “With sweeping digitisation across the financial sector, we will continue to intensify our digital efforts to improve access to credit and include customers across the social pyramid. As we continue to retain our leadership position in the gold loan industry, our strategic emphasis on digital initiatives and the expansion of our non-gold loan portfolio positions us well for sustained success in FY25 and beyond.”

Mr George Alexander Muthoot, Managing Director, added, “The Union Budget’s emphasis on MSMEs, women entrepreneurs, and the agricultural sector is particularly encouraging for us. The credit guarantee scheme will significantly enhance credit access for MSMEs, aligning perfectly with our commitment to supporting entrepreneurs with our small business loans. We are also in alignment with the initiative announced by the FM to boost the job creation and employability for women and young talent and aim to offer valuable contributions to India Inc’s growth. This outlook, coupled with our strategic initiatives, positions us well to achieve our growth targets for FY25.”

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