Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q3 FY2025 Earnings Presentation
96 slides from Muthoot Finance's earnings presentation, Feb 12, 2025
Slide 1: Cover letter to stock exchanges
Ref: SEC/MFL/SE/2025/6015 February 12, 2025 National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza BSE Limited Plot No. C/1, G Block, Bandra - Kurla P.J. Tower, Dalal Street Complex, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Symbol: MUTHOOTFIN Scrip Code: 533398 NS
Slide 2: Financial Results Q3 FY 2025
Financial Results Q3 FY 2025 December 2024
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 4: The Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 66.13 Muthoot Money Limited Gold Loans, Vehi
Slide 5: ₹1,11,000+ Crore Consolidated Loan AUM
₹ 1,11,000+ CRORE CONSOLIDATED LOAN AUM 3
Slide 6: Performance highlights for the 9 months ended Dec 31, 2024
Performance highlights for the 9 months ended Dec 31, 2024 Highest Ever Consolidated Loan AUM: 34% YoY increase at ₹ 1,11,308 Crores Highest Ever Standalone Loan AUM: 37% YoY increase at ₹ 97,487 Crores Highest Ever Consolidated Profit After Tax in 9 months of any year: 19% YoY increase at ₹ 3,908 C
Slide 7: Consolidated Loan AUM 1,11,308 Crores
CONSOLIDATED LOAN AUM AS ON DEC 31, 2024 1,11,308 Crores HIGHEST EVER CONSOLIDATED LOAN AUM AS ON DEC 31, 2023 34% YoY INCREASE AT 82,773 Crores 1,11,308 Crores 5
Slide 8: Standalone Loan AUM 97,487 Crores
STANDALONE LOAN AUM AS ON DEC 31, 2024 97,487 Crores HIGHEST EVER STANDALONE LOAN AUM AS ON DEC 31, 2023 37% YoY INCREASE AT 71,182 Crores 97,487 Crores 6
Slide 9: Consolidated Profit After Tax 3,908 Crores
CONSOLIDATED PROFIT AFTER TAX 9 MONTHS ENDED DEC 31,2024 3,908 Crores HIGHEST EVER CONSOLIDATED PROFIT AFTER TAX 9 MONTHS ENDED IN 9 MONTHS OF ANY YEAR DEC 31,2023 19% YoY INCREASE AT 3,285 Crores 3,908 Crores 7
Slide 10: Standalone Profit After Tax 3,693 Crores
STANDALONE PROFIT AFTER TAX 9 MONTHS ENDED DEC 31, 2024 3,693 Crores HIGHEST EVER STANDALONE PROFIT AFTER TAX IN 9 MONTHS OF ANY YEAR 9 MONTHS ENDED DEC 31, 2023 23% YoY INCREASE AT 2,993 Crores 3,693 Crores 8
Slide 11: Gold Loan AUM 92,964 Crores
GOLD LOAN AUM AS ON DEC 31, 2024 92,964 Crores HIGHEST EVER INCREASE IN GOLD LOAN AUM AS ON DEC 31, 2023 34% YOY INCREASE AT 69,221 Crores 92,964 Crores 9
Slide 12: Average Gold Loan AUM per Branch
AVERAGE GOLD LOAN AUM PER BRANCH AS ON DEC 31, 2024 19.15 Crores HIGHEST EVER AVERAGE GOLD LOAN AUM AS ON DEC 31, 2023 PER BRANCH 14.50 Crores 19.15 Crores 10
Slide 13: Gold loan disbursement to new customers
GOLD LOAN DISBURSEMENT TO NEW CUSTOMERS AS ON DEC 31, 2024 15,723 Crores HIGHEST EVER GOLD LOAN DISBURSEMENT TO NEW CUSTOMERS IN 9 MONTHS OF ANY YEAR 15,723 Crores to 13,70,178 Customers 11
Slide 14: Gold held as security: 202 Tonnes
GOLD HELD AS SECURITY IN OUR LOCKERS AS ON DEC 31, 2024 202 Tonnes HIGHEST EVER QUANTITY OF GOLD AS ON DEC 31, 2023 HELD AS SECURITY 184 Tonnes 202 Tonnes 12
Slide 15: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY FY 9M FY 2025 9M FY 2024 H1 FY 2025 Q1 FY 2025 (%) 2024 Group Branch Network (Nos) 7,340 6,321 16 7,097 6,759 6,541 Consolidated Loan Assets Under Management* 1,113,078 827,731 34 1,041,492 980,478 890,786 of the Group (₹ in million) Consolidated Profit after ta
Slide 16: Loan Assets Under Management of the Group
THE GROUP Loan Assets Under Management* of the Group (₹ in millions) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 YoY (%) Muthoot Finance Limited 974,872 901,965 843,238 758,270 711,821 37 Muthoot Homefin (India) Limited 27,196 24,410 21,986 20,353 17,834 52 Belstar Microfinance Limited 87,032 96,253 99,519 1
Slide 17: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (₹ in millions) 9M FY 2025 9M FY 2024 Q3 FY 2025 Q3 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Muthoot Finance Limited 36,929 29,934 13,631 10,273 12,511 10,787 40,497 Muthoot Homefin (India) Limited 267 134 94 43 97 77 185 Muthoot Insurance Brokers Private
Slide 18: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 ASSETS Financial assets Cash and cash equivalents 51,764 74,070 53,549 60,373 86,263 Bank Balance other than above 1,531 1,548 1,993 2,346 4,719 Derivative Financial Instruments 839 - - -
Slide 19: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 LIABILITIES Financial Liabilities Derivative Financial Instruments - 82 765 139 61 Trade Payables 1,335 1,460 1,552 1,380 1,508 Other Payables 908 1,061 1,080 1,281 532 Debt Securities 208
Slide 20: Consolidated Financial Results
Consolidated Financial Results (₹ in millions) 9M FY 9M FY YoY Q3 FY Q3 FY YoY Q2 FY Q1 FY Particulars FY 2024 2025 2024 (%) 2025 2024 (%) 2025 2025 Income Interest Income 141,971 105,669 34 50,673 36,832 38 47815 43,483 145,457 Service Charges 2,133 1,540 39 592 710 (17) 782 759 2,659 Sale of Servi
Slide 21: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 22: MFIN - A Glimpse
MFIN - A GLIMPSE 29 202 tonnes States/Union territory presence Gold jewellery kept as security 4,800+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 28,000+ 200,000+ Team members Customers served every day ₹ 974,872 mn Loan Assets Under Management (
Slide 23: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake NSE Ticker MUTHOOTFIN 23.72 (%) Shareholding as on 2.93 December 31, 2024 BSE Ticker 533398 Promoter & Promoter group Market Capitalisation FII, FC, MF & Others (as on December 31,2024) Public ₹ 857,587 million 73.35 21
Slide 24: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 22
Slide 25: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Joseph Korah Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Usha Sunny Abraham Chacko C A Mohan Independent Director Independent Director Independent Director 23
Slide 26: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Dividend (% )* 240 220 200 200 150 120 100 60 60 Dividend payout (₹ in millions) 9,635 8,832 8,027 8,024 7,249 5,796 4,813 2,885 2,877 Dividend Payout Ratio (%) 2
Slide 27: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4855 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 17 Himachal Pradesh 59 Punjab 13 Chandigarh 191 Uttarakhand 10 East West Haryana 23 142 Delhi 17 North South Rajasthan 230 Uttar Pradesh 150 200 Assam 37 Bihar 2
Slide 28: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit cards account issued by banks • NEFT/RTGS/IMPS/UPI mode of bank • Swiping charges for Interest transfer payments waiv
Slide 29: Digital Initiatives
DIGITAL INITIATIVES Gold Loans • DIY & iMuthoot App journey enhanced to allow customers to avail loans at their convenience. • Loan journeys built on Muthoot website and iMuthoot App enhance the service experience for users for their eligible loans. • No Cost Loans DIY journey on ecommerce site enab
Slide 30: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan Muthoot Online • Our online services has now been re-branded to Muthoot Online, from WebPay earlier. • Customers can now make payment of interest and principal re-payments using Debit Card/Net Banking/UPI. • Withdraw available eligible loan amount through our Onl
Slide 31: Digital Initiatives: iMuthoot Mobile App
DIGITAL INITIATIVES iMuthoot Mobile App • Launched in Nov’16 has about 13.8M downloads, New User acquisition 8.7M and 2.8M registered Users. • Simplified registration process for new users • Revamped app homepage to simplify the ease of use and navigation on the app leading to higher Xsell • Online
Slide 32: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 ASSETS Financial assets Cash and cash equivalents 43,456 65,928 44,741 50,365 78,811 Bank Balance other than above 231 217 230 93 2,144 Derivative Financial Instruments 839 - - - - Trade Rec
Slide 33: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 LIABILITIES Financial Liabilities Derivative Financial Instruments - 82 765 139 62 Trade Payables 1,246 1,255 1,338 1,002 1,616 Other Payables 760 925 970 1,037 - Debt Securities 204,395 197
Slide 34: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (₹ in millions) YoY YoY 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY Growth Growth FY 2024 2025 2024 2025 2024 2025 2025 (%) (%) INCOME Interest Income 120,935 90,900 33 43,690 31,176 40 40,685 36,560 124,476 Other than Interest Income 1,740 1,856 (6) 622 581 7 5
Slide 35: Equity
EQUITY Strong Capital Base Networth (₹ in millions) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Equity Share Capital 4,015 4,015 4,015 4,015 4,015 Other Equity 265,996 252,823 239,793 238,888 228,373 Total 270,011 256,838 243,808 242,903 232,388 33
Slide 36: Assets
ASSETS Core focus continues to be gold loan Loan Assets under management* Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Growth Growth (₹ in million) (₹ in million) (₹ in million) (₹ in million) (₹ in million) YoY (%) QoQ (%) Loan assets under 9,74,872 901,965 843,238 758,270 711,821 37 8 management Break-up of
Slide 37: Liabilities
LIABILITIES Stable sources of funding* Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Growth Growth YoY (₹ in million) (₹ in million) (₹ in million) (₹ in million) (₹ in million) QoQ (%) (%) Secured Non-Convertible Debentures - - - - 205 - - (Muthoot Gold Bonds) Secured Non-Convertible Debentures- 2,04,511 197,
Slide 38: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (₹ in billions) 1,000 930 900 862 809 800 729 700 692 619 600 575 519 500 408 400 336 300 272 288 233 243 216 200 100 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Dec-23 Mar-24 Jun-24 Sep-2
Slide 39: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 250 199 202 200 188 194 187 180 184 169 176 171 142 149 155 150 131 118 100 50 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 37
Slide 40: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Dec- Mar- Sep- Dec- Jun-24 14 15 16 17 18 19 20 21 22 23 23 24 24 24 East 6 6 7 7 8 8 9 9 9 10 10 10 10 10 10 West 13 15 17 18 19 20 19 19 1
Slide 41: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (₹ in millions) 215 195 191.5 177.5 175 166.7 155 145.0 150.1 130.6 135 124.6 115 112.1 95 89.3 66.7 74.9 75 63.2 55.0 56.9 55 50.6 35 15 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-2
Slide 42: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (₹ in billions) 245 242 219 219 179 165 150 151 137 133 123119 120 114 104 104 99 94 88 84 81 75 61 58 55 54 43 42 48 45 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Avg Monthly Disbursemen
Slide 43: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 66% 60% 61% 60% 66% 62% 62% 67% 64% % of collections to disbursement 80% 60% 40% 20% 0% FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion
Slide 44: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Dec- Sep- Jun- Mar- Dec- Mar- Mar- Mar- Mar- Mar- Mar- Mar- 24 24 24 24 23 23 22 21 20 19 18 17 Gold Loan assets (₹ in Billions) 930 862 809 729 692 619 575 519 407 336 288 272 Quantity of Gold content in 202 199 194 188
Slide 45: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Gold Loan AUM 9,29,636 861,636 809,219 728,785 692,214 675,171 660,388 618,753 (₹ in Millions) QoQ % change in Gold Loan 8 6 11 5 3 2 7 9 AUM No. of Loan Accounts 99,94,412 9,719,492 91,83,579 8
Slide 46: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 3,72,566 443,335 463,390 438,350 408,758 428,114 412,206
Slide 47: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.43 21.23 22.00 20.27 22.00 19.72 20.06 20.00 19.31 20.00 17.7 17.94 18.62 18.65 18.00 18.26 18.54 18.00 17.79 17.89 15.29 15.53 16.00 14.2 14.24 16.00 14.00 12.74 13.03 14.00 11.38 11.23 12.00 10.84 11
Slide 48: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.43 21.23 22.00 22.00 20.27 20.06 19.31 19.72 20.00 20.00 18.62 17.94 18.65 17.7 18.26 18.54 17.89 18.00 18.00 17.79 16.00 16.00 14.04 13.45 13.49 14.00 14.00 11.88 12.23 11.99 12.00 10.93 10.8 12.00 10.53 9.69 9.45
Slide 49: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 8.11 9.00 7.99 8.00 7.24 8.00 7.00 6.36 7.00 5.93 5.84 6.00 5.81 6.19 6.00 5.86 5.66 5.89 5.74 5.39 5.00 4.47 5.00 4.00 3.22 4.00 3.03 3.32 3.00 3.00 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18*Mar-19*Ma
Slide 50: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (₹ in millions) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Stage I Loan Assets 927,604 851,124 783,009 719,867 681,546 Stage II Loan Assets 6,089 12,034 26,697 13,557 4,508 Stage III Loan Assets 41,179 38,807 33,532 24,845 25,767 % Stage III
Slide 51: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 5 Secured Non-Convertible Debentures – Listed – ₹ 204,511 mn (26%) 13 Other Loans – ₹ 6,565 mn (1%) 26 Borrowings from Banks/FIs - ₹ 437,989 mn (56%) External Commercial Bonds- Senior secured Notes – ₹ 98,463 mn (13%) Subordinated Debt –
Slide 52: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 53: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 54: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (₹ in millions) Yearly Quarterly 1,40,000 1,40,000 124476 1,20,000 1,20,934 1,09,560 1,20,000 1,03,285 1,03,686 1,00,000 1,00,000 90,900 85,644 80,000 80,000 62,021 67,570 60,000 60,000 49,077 48,130 56,546 43,690 40,685 36,560 42,703 40,000 31,176 40,000 20,
Slide 55: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 5.63 6.00 5.43 5.50 5.50 5.01 5.1 4.89 4.94 5.00 5.00 4.46 4.50 4.50 4.24 4.00 3.92 4.01 3.48 3.62 3.64 4.00 3.89 3.91 3.50 3.49 3.50 3.23 3.00 3.00 2
Slide 56: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (₹ in million) Quarterly (₹ in millions) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2025* 2024* Employee Benefit 12,816 11,044 9,487 9,270 9,657 8,415 7,393 4,014 3,105 3,706 3,699 11,819 9
Slide 57: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2025* 2024* Employee Benefit 49 51 49 49 52 54 47 43 53 43 43 44 52 Expenses Rent 10 11 12 12 12 13 12 8 12 9 8 8 11 Advertiseme
Slide 58: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY (Based on Income) Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2025* 2024* Interest expense to 36.67 35.08 34.56 34.92 32.00 32.51 30.50 37.18 38.16 37.58 36.42 37.08 37.00 Gross Inco
Slide 59: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Loan Assets) 2025* 2024* 2025* 2025* 2025* 2024* Interest income to avg. loan 17.94 17.70 20.06 22.17 23.03 21.63 22.21 18.62 17.79 18.65 18.26
Slide 60: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (₹ in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 53,094 54,488 55,000 50,065 50502 50,000 50,000 45,000 46,664 45,000 40574 39,543 40,252 40,000 40,000 40,497 36929 35,000 37,222 35,000 30768 34,735 30,000 28447 29,934 30,000 30
Slide 61: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (₹ in millions) 3,00,000 2,70,011 2,80,000 2,56,838 2,60,000 2,43,808 2,42,903 2,40,000 2,32,388 2,20,000 2,10,619 2,00,000 1,80,000 1,83,445 1,60,000 1,52,389 1,40,000 1,15,718 1,20,000 97,928 1,00,000 78,120 80,000 65,164 56,192
Slide 62: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 30 28.26 27.77 25 30 20.7 24.81 19.99 19.2 18.02 23.55 20 18.09 25 22.40 17.73 19.50 19.44 17.86 15 20 17.63 14.35 15.13 10 15 5 10 0 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*
Slide 63: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement of 15% Capital Adequacy Ratio (%) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Capital Adequacy Ratio 25.11 26.96 27.47 30.37 30.86 Tier-I 24.37 26.21 26.73 29.61 30.10 Tier-II 0.74 0.75 0.74 0.76 0.76 61
Slide 64: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside 9M FY 9M FY FY Q3 FY 2025 Q3 FY 2024 Q2 FY 2025 Q1 FY 2025 2025 2024 2024 Earnings per share (₹) - Basic 33.96 25.58 31.16 26.87 91.99 74.56 100.88 - Diluted 33.95 25.59 31.16 26.87 91.98 74.56 100.87 Dec-24 Sep-24 Jun-2
Slide 65: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (₹ In millions) Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Outside Liabilities 813,058 748,344 681,785 607,381 598,543 Cash and Cash Equivalents & Bank 70,296 66,053 44,866 50,365 78,936 Balances Tangible Networth 269,973 256,804 243,772 242,863 232,351
Slide 66: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 30000 28779 28758 29000 28478 27961 28000 28286 27273 27000 26716 25911 26000 25012 25000 25554 24205 24224 24000 23000 23455 22882 22781 22000 21000 20000 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 M
Slide 67: Belstar Microfinance Limited
BELSTAR MICROFINANCE LIMITED A Subsidiary of Muthoot Finance Linted 65
Slide 68: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of December 2024 , Muthoot Finance holds 66.13% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effec
Slide 69: Total Revenue 1,684 Crores
TOTAL REVENUE AS ON DEC 31, 2024 1,684 Crores INCREASE IN TOTAL REVENUE 30% YoY AT AS ON DEC 31, 2023 1,295 Crores 1,684 Crores 67
Slide 70: Key Financial Parameters
Key Financial Parameters (₹ in millions) Particulars 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of Branches 1,224 1,009 1,224 1,111 1,020 1,014 Number of Employees 13,043 10,169 13,043 12,075 11,202 10,559 Loan AUM (₹) 87,032 88,346 87,032 96,253 99,519 100,232 Loan Assets
Slide 71: Muthoot Homefin
Muthoot Homefin
Slide 72: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 73: Loan AUM 2,720 Crores
LOAN AUM AS ON DEC 31, 2024 2,720 Crores INCREASE IN LOAN AUM 52% YoY AT AS ON DEC 31, 2023 1,783 Crores 2,720 Crores 71
Slide 74: Loan Disbursement 880 Crores
LOAN DISBURSEMENT 9 MONTHS ENDED DEC 31, 2024 880 Crores INCREASE IN LOAN DISBURSEMENT 9 MONTHS ENDED 78% YoY AT DEC 31, 2023 493 Crores 880 Crores 72
Slide 75: Profit After Tax 27 Crores
PROFIT AFTER TAX 9 MONTHS ENDED DEC 31, 2024 27 Crores INCREASE IN PROFIT AFTER TAX 9 MONTHS ENDED DEC 31, 2023 100% YoY AT 13 Crores 27 Crores 73
Slide 76: Business Performance
Business Performance (₹ in millions) Particulars 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of branches 163 118 163 147 118 118 Number of Sales Offices 163 118 163 147 120 118 Number of Employees 878 569 878 838 702 601 Loan AUM (₹) 27,196 17,834 27,196 24,410 21,986 20,35
Slide 77: Business Performance
Business Performance (₹ in millions) Particulars 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Disbursement (₹) 8,800 4,932 3,508 3079 2,213 8,146 Borrowings (₹) 19,941 10,222 19,941 18178 13,738 13,147 Debt Equity Ratio (%) 3.97 2.17 3.97 3.69 2.84 2.76 Yield on Advances (%) 13.28
Slide 78: Financial Highlights and Growth
• Disbursements of INR 3508 mm in Q3 FY 2025: AUM INR 27196 mm as on December 31, 2024: Loan Book INR 23520 mm as on December 31, 2024: • Average Ticket Size as on December 31, 2024: INR 1.13 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh,
Slide 79: Muthoot Money
&) Muthoot Money
Slide 80: Our Subsidiary Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending gold loans. As of December 31, 2024, MML operations are spread over 21 States a
Slide 81: Loan AUM 2,982 Crores
LOAN AUM AS ON DEC 31 2024 2,982 Crores INCREASE IN LOAN AUM AS ON DEC 31, 2023 265% YoY AT 818 Crores 2,982 Crores 79
Slide 82: Total Revenue 268 Crores
TOTAL REVENUE 9 MONTHS ENDED DEC 31, 2024 268 Crores 9 MONTHS ENDED INCREASE IN TOTAL REVENUE DEC 31, 2023 228% YoY AT 82 Crores 268 Crores 80
Slide 83: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (₹ in millions) Particulars 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of branches 998 340 998 893 674 470 Number of Employees 4,302 1,748 4,302 3,555 2,840 2,130 Loan AUM (₹) 29,822 8,176 29,822 22,652 16,574 11,227 Capital Adequacy
Slide 84: Muthoot Insurance Brokers
CG) Muthoot Insurance Brokers
Slide 85: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 86: Key Business and Financial Parameters
Key Business Parameters (₹ in millions) Particulars 9MFY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Premium Collection (₹ ) 4,563 4,656 1,355 1,727 1,481 6,560 Number of Policies 20,15,223 27,60,625 5,27,126 6,93,154 794,942 37,65,644 Key Financial Parameters (₹ in millions) Particular
Slide 87: Asia Asset Finance PLC
ASIA ASSET FINANCE PLC A finance company with a golden heart 85
Slide 88: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on December 31,2024, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio sta
Slide 89: Loan AUM LKR 2840 Crores
LOAN AUM AS ON DEC 31, 2024 LKR 2840 Crores INCREASE IN LOAN AUM 50% YoY AT AS ON DEC 31, 2023 LKR 1890 Crores LKR 2840 Crores 87
Slide 90: Profit After Tax LKR 50 Crores
PROFIT AFTER TAX 9 MONTHS ENDED DEC 31, 2024 LKR 50 Crores INCREASE IN PROFIT AFTER 9 MONTHS ENDED TAX 124% YoY AT DEC 31, 2023 LKR 22 Crores LKR 50 CRORES 88
Slide 91: Branch Network: 100 Branches
BRANCH NETWORK AS ON DEC 31, 2024 100 Branches INCREASE IN BRANCH NETWORK 25% YoY AT AS ON DEC 31, 2023 80 Branches 100 BRANCHES 89
Slide 92: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 90
Slide 93: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 91
Slide 94: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 LKR/INR 0.29243 0.25682 0.29243 0.2821465 0.272452 0.277406 Number of branches 100 80 100 91 85 85 Number of Employees 748 512 748 699 636 564 Loan AUM (LKR) 28,404 18,903 28,404 26,
Slide 95: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (₹ In millions) 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Networth 1,263 1,189 1,263 1,243 1,224 1,207 MUTHOOT TRUSTEE PRIVATE LIMITED (₹ In millions) 9M FY 2025 9M FY 2024 Q3 FY 2025 Q2 FY 2025 Q1 FY 2025 FY 2024 Netwo
Slide 96: Thank You
Thank You