Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q2 FY2020 Earnings Presentation
68 slides from Muthoot Finance's earnings presentation, September 2019
Slide 1: Financial Results Q2 FY 2020
Financial Results Q2 FY 2020 September 2019 MUTHOOT FINANCE LIMITED
Slide 2: 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 3: The Group: Diversified business of the Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Ltd Gold Loans Holding Company Muthoot Homefin (India) Ltd Affordable Housing Finance 100.00 Belstar Microfinance Private Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance H1 FY 2020 H1 FY 2019 Q1 FY 2020 FY 2019 YoY(%) Group Branch Network (Nos) 5190 4765 5,092 5,020 9 Consolidated Gross Loan Assets* of the Group (` in million) 403,903 358,353 402,263 383,036 13 Consolidated Profit of the Group (` in million) 14,719 10,326 5,633 21,0
Slide 5: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) H1 FY 2020 H1 FY 2019 Q1 FY 2020 FY 2019 YoY (%) Muthoot Finance Ltd 357,305 323,186 358,159 342,461 11 Muthoot Homefin (India) Ltd 20,975 17,753 19,875 19,075 18 Belstar Microfinance Private Limited 21,074 13,806 19,385 18,419 53 Muthoot Mon
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q2 FY 2019 Q1 FY 2020 FY 2019 Muthoot Finance Ltd 13,880 9,754 8,579 4,838 5,300 19,721 Muthoot Homefin (India) Ltd 202 210 139 105 62 363 Muthoot Insurance Brokers Private Limited 65 61 39 37 27 150 Bels
Slide 7: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS (` in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q2 FY 2019 Q1 FY 2020 FY 2019 Income Interest Income 43,577 35,431 23,318 17,891 20,259 74,160 Service Charges 422 383 229 205 193 881 Sale of Services 105 133 51 68 54 230 Other Income 134 50 90 28 44 66 Inc
Slide 8: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars H1 FY 2020 Q1 FY 2020 FY 2019 ASSETS Financial assets Cash and cash equivalents 24,828 10,867 20,057 Bank Balance other than above 3,379 3,366 1,978 Trade Receivables 246 219 217 Loans 405,631 406,018 387,225 Investments 2,158 2,255 2,111 Other
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars H1 FY 2020 Q1 FY 2020 FY 2019 LIABILITIES Financial Liabilities Trade Payables 1,448 1,305 1,664 Debt Securities 93,914 87,216 82,149 Borrowings(other than Debt securities) 220,938 221,108 211,314 Deposits 2,066 2,410 2,619 Subordinated Liabilit
Slide 10: 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 11: MFIN - A Glimpse
MFIN - A GLIMPSE 29 171 tonnes States/Union territory presence Gold jewellery kept as security 4,500+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 25,000+ 200,000+ Team members Customers served every day ` 357,305 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 23.29 NSE Ticker 3.06 MUTHOOTFIN (%) Shareholding as on September 30, 2019 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on September 30, 2019) ` 270,855 million 73.65 11
Slide 13: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 120 100 60 60 60 First Interim Dividend (%) 120 100 60 40 40 Second Interim Dividend (%) - - - 20 - Final Dividend (%) - - - - 20 Dividend Payout Ratio (%) 24.36 22.48 20.30 29.50
Slide 14: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4540 branches across India (%) Branches region wise State wise Branch Network Jammu &Kashmir 7 16 Himachal 60 Pradesh East West Punjab 10 Chandigarh 8 189 Uttarakhand 16 North South Haryana 21 Delhi 134 218 Assam 31 Rajasthan (As of September 30, 2019) 142
Slide 15: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank account • Enables swiping of Debit • NEFT/RTGS/IMPS mode of bank cards issued by banks transfer • Swiping charges for • Less cash handling at br
Slide 16: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 17.5% of our active Gold loan Customers are transacting Online Muthoot Online iMuthoot App Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 12.7 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold
Slide 17: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Sep-19 Jun-19 Mar-19 Sep-18 Equity Share Capital 4,007 4,007 4,007 4,002 Other Equity 101,979 93,425 93,921 83,903 Total 105,986 97,432 97,928 87,905 16
Slide 18: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Sep-19 Jun-19 Mar- 19 Sep-18 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 357,305 358,159 342,461 323,186 11 0 management Break-up of Gross Loan Assets
Slide 19: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Sep-19 Jun-19 Mar-19 Sep-18 Growth Growth YoY (` in million) (` in million) (` in million) (` in million) QoQ (%) (%) Secured Non-Convertible Debentures 3,869 4,254 5,351 7,034 (45) (9) (Muthoot Gold Bonds) Secured Non-Convertible Debentures- 86,492 79,134 75,1
Slide 20: Revenue & Profit
REVENUE & PROFIT Statement of Profit & Loss (` in millions) YoY YoY H1 FY H1 FY Q2 FY Q2 FY Q1 FY Growth Growth FY 2019 2020 2019 2020 2019 2020 (%) (%) INCOME Interest Income 39,331 32,424 21 21,057 16,316 29 18,274 67,570 Other than Interest Income 661 407 62 348 185 88 313 1,236 Total 39,992 32,8
Slide 21: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 390 352 349 360 336 330 320 300 288 260 243 272 270 244 233 240 216 210 180 150 120 90 60 30 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 Jun-19 Sep-19 *Principal amount of gold Lo
Slide 22: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 169 176 171 180 168 160 155 142 149 137 134 140 131 118 120 100 80 60 40 20 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 Jun-19 Sep-19 21
Slide 23: 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-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 Jun-19 Sep-19 East 4 5 6 6 7 7 8 8 8 8 9 West 10 11 13 15 17 18 19 19 20 20 20 North 17 19 22 22 22 23 23 22 23 23 23 South 69
Slide 24: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 85 78.12 76.96 73.31 74.97 75 66.39 66.70 65 63.69 63.20 56.93 55.01 55 50.63 45 35 25 15 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 Jun-19 Sep-19 *Principa
Slide 25: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 68 69 65 61 60 58 55 54 48 45 43 43 42 41 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Avg Monthly Disbursement Avg Monthly Collection Strong level of disbursements and collections 24
Slide 26: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within first 6 mo
Slide 27: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Sep-19 Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 349 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as Security 171 176 169 155 149 142 131 (Tonnes) Gold Price/gm (`)
Slide 28: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 23.55 22.34 21.43 22.21 21.63 22.00 22.31 20.27 22.00 20.69 20.87 21.04 21.66 19.31 20.00 20.00 19.72 18.00 18.00 16.00 16.05 15.29 14.47 16.00 14.87 14.31 14.00 13.92 13.54 12.74 14.00 11.69 11.38 12.00 10.84 10.47 12.00
Slide 29: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 23.55 22.34 22.21 21.66 21.63 22.31 22.00 21.43 22.00 20.27 20.69 20.87 21.04 19.72 19.31 20.00 20.00 18.00 18.00 16.00 16.00 13.45 14.25 14.00 14.00 12.42 13.05 12.20 11.88 12.63 11.96 11.70 12.32 12.00 12.00 10.93 10.80 10.90 10.14 9
Slide 30: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.59 9.00 9.00 8.00 7.87 8.00 7.00 6.31 7.00 6.36 6.33 6.00 6.11 6.05 6.00 5.00 4.40 4.47 5.00 4.05 4.00 4.00 3.22 3.03 3.32 3.00 3.00 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Q2 FY
Slide 31: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Sep-19 Jun-19 Mar-19 Sep-18 Stage III Loan Asset 12,267 11,474 9,326 6,169 % Stage III Asset on Gross Loan Asset 3.43 3.20 2.72 1.91 ECL Provision 7,014 6,896 6,359 5,795 ECL Provision as % of Gross Loan Assets 1.96 1
Slide 32: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 3,869 mn (1%) 3 17 Secured Non-Convertible Debentures – Listed – ` 86,492 mn (30%) 30 1 Borrowings from Banks/Fis - ` 133,732 mn (47%) Subordinated Debt – ` 96 mn (0%) Subordina
Slide 33: 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 CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to timely pa
Slide 34: 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 35: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 70,000 67,570 62,021 70,000 60,000 53,641 56,546 60,000 49,077 48,130 50,000 45,280 50,000 42,703 40,000 40,000 39,331 32,424 30,000 30,000 21,057 16,316 18,274 20,000 20,000 10,000 10,000 0 0 Q2 FY 2020* Q2 FY 2019* Q1 FY 202
Slide 36: 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 6.00 5.63 5.43 5.50 5.50 5.01 5.10 4.89 5.00 4.46 5.00 4.64 4.57 4.72 4.50 4.55 4.47 4.08 4.50 4.02 4.00 4.00 3.50 3.50 3.00 3.00 2.50 Mar-12 Mar-13 M
Slide 37: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2019* Employee Benefit 8,414 7,393 7,280 6,418 6,304 5,917 5,453 4,145 2,251 2,019 2,219 4,470 4,120 Expenses
Slide 38: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2019* Employee Benefit 54 47 48 49 53 52 52 49 53 55 55 54 56 Expenses Rent 13 12 12 13 14 14 12 12 13 13 13 13 13 Advertisement & P
Slide 39: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY (Based on Income) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2019* Interest expense to Gross 32.51 30.50 39.92 46.31 48.71 53.08 52.34 52.10 31.30 32.44 34.52 32.79 31.58 Income Selling
Slide 40: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q2 FY Q2 FY Q1 FY H1 FY H1 FY Loan Assets) 2020* 2019* 2020* 2020* 2019* Interest income to avg. loan 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.34 23.55 20.69 20.87 22.31 21.0
Slide 41: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 32,000 30,768 32,000 30,000 28,447 30,000 28,000 28,000 26,000 26,000 24,000 24,000 22,000 19,721 22,000 20,000 19,210 20,000 18,639 18,000 18,000 16,000 15114 17,776 16,000 15,003 14,00
Slide 42: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,20,000 1,10,000 105,986 97,928 97,432 1,00,000 90,000 87,905 78,120 80,000 70,000 65,164 56,192 60,000 50,835 50,000 42,646 37,356 40,000 29,257 30,000 20,000 10,000 0 Mar 12 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 M
Slide 43: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 41.90 40 40 33.74 35 35 30 30.15 27.23 22.70 21.70 23.57 30 25 24.10 22.40 25 20 19.50 19.44 15 20 14.35 15.13 10 15 5 10 0 Mar 12 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19*
Slide 44: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Sep-19 Jun-19 Mar-19 Sep-18 Capital Adequacy Ratio 27.11 24.72 26.05 25.92 Tier-I 26.74 24.33 25.61 25.32 Tier-II 0.37 0.39 0.44 0.60 43
Slide 45: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q2 FY 2020 Q2 FY 2019 Q1 FY 2020 H1 FY 2020 H1 FY 2019 FY 2019 Earnings per share (`) - Basic 21.41 12.09 13.23 34.64 24.38 49.27 - Diluted 21.37 12.07 13.20 34.57 24.31 49.18 Sep-19 Jun-19 Mar-19 Sep-18 Book Value per s
Slide 46: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Sep-19 Jun-19 Mar-19 Sep-18 Outside Liabilities 295,139 292,619 282,759 258,102 Cash & Bank Balances 23,064 10,829 17,355 4,520 Tangible Networth 105,934 97,376 97,868 87,836 Capital Gearing 2.57 2.89 2.71 2.89 45
Slide 47: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26000 25351 25091 24881 25012 25000 24644 24205 24224 23888 24000 23455 22882 22781 23000 22000 21000 20000 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 Jun-19 Sep-19 4
Slide 48: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 49: 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 September 30, 2019, total holding in AAF stood at 90 million equity shares representing 72.92% of their total capital. The loan portfolio
Slide 50: 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 49
Slide 51: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Puthukkudiyiruppu Ragala Chenkaladi Nawalapitiya Gampola Kalutara (SC) Thalawakele 50
Slide 52: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q1 FY 2020 Q2 FY 2019 FY 2019 INR/LKR 0.387005 0.428340 0.387005 0.389803 0.428340 0.395775 Number of branches 25 17 25 24 17 23 Number of Employees 549 493 549 559 493 553 Loan AUM (LKR) 13,143 11,237 13,143 12,
Slide 53: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 52
Slide 54: 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 55: Business Performance
Business Performance (` in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q1 FY 2020 Q2 FY 2019 FY 2019 Number of branches 103 73 103 101 73 96 Number of Sales Offices 132 132 132 132 132 132 Number of Employees 407 287 407 401 287 382 Loan AUM (`) 20,975 17,754 20,975 19,875 17,754 19,075 C
Slide 56: Business Performance
Business Performance (` in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q1 FY 2020 Q2 FY 2019 FY 2019 Disbursement (`) 2,543 3,754 1,449 1,094 1,894 6,543 Borrowings (`) 16,960 13,984 16,960 16,022 13,984 15,420 Debt Equity Ratio (%) 4.09 3.69 4.09 3.99 3.69 3.91 Yield on Advances (%) 12.7
Slide 57: Financial Highlights and Growth
• Disbursements in H1 FY 2020: Rs 2,543 mn. Loan Book as on September 30, 2019: Rs 19,975 mn • Direct assignment of Rs 1000 mn done in H1 FY 2020 • Average Ticket Size in H1 FY 2020: Rs.1.05 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, T
Slide 58: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 57
Slide 59: 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 60: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q1 FY 2020 Q2 FY 2019 FY 2019 Premium Collection (` ) 1,315 1,164 709 606 670 2,676 Number of Policies 11,67,009 9,98,786 7,25,805 4,41,204 5,48,410 22,40,560 Key Financial Parameters (` in millions) Particulars H1
Slide 61: Our Subsidiary: Belstar Microfinance Private Limited
OUR SUBSIDIARY Muthoot Finance Ay BELSTAR MICROFINANCE PRIVATE LIMITED 60
Slide 62: Belstar Microfinance – An Overview
BELSTAR MICROFINANCE – AN OVERVIEW As of September 2019 , Muthoot Finance holds 70.01% in BMPL . BMPL 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 effectiv
Slide 63: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars H1 FY 2020 H1 FY 2019 Q2 FY 2020 Q1 FY 2020 Q2 FY 2019 FY 2019 Number of Branches 498 305 498 441 305 400 Number of Employees 3,837 2,305 3,837 3,309 2,305 2,876 Gross Loan AUM (`) 21,074 13,806 21,074 19,385 13,806 18,419 Capital Adequacy Ratio (
Slide 64: Our Subsidiary
OUR SUBSIDIARY 63
Slide 65: 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 loans for vehicles. The operations are now centered in Hyderabad. Recently , Co
Slide 66: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars H1 FY 2020 Q2 FY 2020 Q1 FY 2020 FY 2019 Number of branches 24 24 24 21 Number of Employees 277 277 245 247 Gross Loan AUM (`) 4,263 4,263 3,927 3,107 Capital Adequacy Ratio(%) 24 24 26 32 Total Revenue (`) 311 169 142 156 Total Exp
Slide 67: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) H1 FY 2020 Q2 FY 2020 Q1 FY 2020 FY 2019 Networth 1,025 1,025 1,008 512 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) H1 FY 2020 Q2 FY 2020 Q1 FY 2020 FY 2019 Networth 10 10 10 1 66
Slide 68: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional