Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2025 Earnings Presentation
95 slides from Muthoot Finance's earnings presentation, Aug 13, 2024
Slide 1: Exchange filing cover letter
August 13, 2024 Ref: SEC/MFL/SE/2024/5824 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 NSE
Slide 2: Financial Results Q1 FY 2025
Financial Results Q1 FY 2025 June 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 Vehicle Finance
Slide 5: 2024 Has Started on a 'Rewarding Note'
2024 HAS STARTED ON A ‘REWARDING NOTE’ 3
Slide 6: Performance Highlights Q1 FY25
PERFORMANCE HIGHLIGHTS Q1 FY25 Highest Ever Consolidated Loan AUM: 28% YoY increase at ₹ 98,048 Crores Highest Ever Standalone Loan AUM: 25% YoY increase at ₹ 84,324 Crores Highest Ever Consolidated Profit After Tax in any Quarter: 14% YoY increase at ₹ 1,196 Crores Highest Ever Standalone Profit Af
Slide 7: Consolidated Loan AUM
CONSOLIDATED LOAN AUM HIGHEST EVER CONSOLIDATED LOAN AUM AS ON JUNE 30, 2024 28% YoY INCREASE AT ₹ 98,048 Crores ₹ 98,048 Crores AS ON JUNE 30, 2023 ₹ 76,799 Crores 5
Slide 8: Standalone Loan AUM
STANDALONE LOAN AUM AS ON JUNE 30, HIGHEST EVER STANDALONE LOAN AUM 2024 25% YoY INCREASE AT ₹ 84,324 Crores ₹ 84,324 Crores AS ON JUNE 30, 2023 ₹ 67,639 Crores 6
Slide 9: Consolidated Profit After Tax
CONSOLIDATED PROFIT AFTER TAX HIGHEST EVER CONSOLIDATED PROFIT Q1 FY25 AFTER TAX IN ANY QUARTER 14% YoY INCREASE AT ₹ 1,196 Crores ₹ 1,196 Crores Q1 FY24 ₹ 1,045 Crores 7
Slide 10: Standalone Profit After Tax
STANDALONE PROFIT AFTER TAX HIGHEST EVER STANDALONE PROFIT AFTER TAX IN ANY QUARTER Q1 FY25 11% YoY INCREASE AT ₹ 1,079 Crores ₹ 1,079 Crores Q1 FY24 ₹ 975 Crores 8
Slide 11: Gross Gold Loan Advance
GROSS GOLD LOAN ADVANCE HIGHEST EVER GOLD LOAN IN Q1 FY25 DISBURSEMENT IN ANY QUARTER ₹ 73,648 Crore ₹ 73,648 Crores 9
Slide 12: Gold Loan Advance to New Customers
GOLD LOAN ADVANCE TO NEW CUSTOMERS HIGHEST EVER GOLD LOAN DISBURSEMENT TO IN Q1 FY25 NEW CUSTOMERS IN ANY QUARTER ₹ 5,651 Crore ₹ 5,651 Crores 10
Slide 13: Gold Loan AUM
GOLD LOAN AUM HIGHEST EVER INCREASE IN GOLD LOAN AUM AS ON JUNE 30, 23% YOY INCREASE OF 2024 ₹ 80,922 Crores ₹ 14,883 Crores AS ON JUNE 30, 2023 ₹ 66,039 Crores 11
Slide 14: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY Q1 FY 2025 Q1 FY 2024 FY 2024 (%) Group Branch Network (Nos) 6,759 5,897 6,541 15 Consolidated Loan Assets Under Management* of the Group (` in 980,478 767,987 890,786 28 million) Consolidated Profit after tax of the Group (` in million) 11,957 10,447 44,676 14
Slide 15: The Group: Loan Assets Under Management
THE GROUP Loan Assets Under Management* of the Group (` in millions) Jun-24 Mar-24 Jun-23 YoY (%) Muthoot Finance Limited 843,238 758,270 676,385 25 Muthoot Homefin (India) Limited 21,986 20,353 15,007 47 Belstar Microfinance Limited 99,519 100,232 70,082 42 Muthoot Money Limited 16,574 11,227 4,961
Slide 16: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) YoY Q1 FY 2025 Q1 FY 2024 FY 2024 (%) Muthoot Finance Limited 10,787 9,751 11 40,497 Muthoot Homefin (India) Limited 77 47 64 185 Muthoot Insurance Brokers Private Limited 157 102 54 418 Belstar Microfinance Limited 898 517 74 3,399 Muth
Slide 17: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-24 Mar-24 Jun-23 ASSETS Financial assets Cash and cash equivalents 53,549 60,373 42,930 Bank Balance other than above 1,993 2,347 4,432 Derivative Financial Instruments - - - Trade Receivables 175 178 85 Loans 969,013 8
Slide 18: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-24 Mar-24 Jun-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 765 139 1,749 Trade Payables 1,552 1,380 1,165 Other Payables 1,080 1,281 795 Debt Securities 194,336 174,762 135,621 Borrowings(other
Slide 19: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Particulars Q1 FY 2025 Q1 FY 2024 FY 2024 (%) Income Interest Income 43,483 33,784 29 145,457 Service Charges 759 348 118 2,659 Sale of Services 20 25 (20) 89 Other Income 186 370 (50) 1,011 Income other than above 476 560 (15) 2,411 Total Income 44
Slide 20: 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 21: MFIN - A Glimpse
MFIN - A GLIMPSE 29 194 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 27,000+ 200,000+ Team members Customers served every day ` 843,238 mn Loan Assets Under Management (
Slide 22: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 23.77 NSE Ticker 2.88 MUTHOOTFIN (%) Shareholding as on June 30, 2024 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on June 30,2024) ` 720,969 million 73.35 20
Slide 23: 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 21
Slide 24: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Joseph Korah Jose 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 22
Slide 25: 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 26: 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 27: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Enables swiping of Debit • Loan proceeds credited to bank cards issued by banks account • Swiping charges for • NEFT/RTGS/IMPS/UPI mode of bank Interest payments transfer waiv
Slide 28: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • Consequent to RBI instructions, all loans above Rs.20,000/- are disbursed through direct credit iMuthoot App Muthoot Online • Our online services has now been re-branded to Mobile App Muthoot Online, from WebPay earlier. • Launched in Nov’16 has about 10.
Slide 29: Digital Initiatives
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 1.5 L downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 30: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-24 Mar-24 Jun-23 ASSETS Financial assets Cash and cash equivalents 44,741 50,365 34,871 Bank Balance other than above 230 93 2,296 Derivative Financial Instruments - - - Trade Receivables 25 10 33 Loans 850,451 770,014 68
Slide 31: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-24 Mar-24 Jun-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 765 139 1,734 Trade Payables 1,338 1,002 1,794 Other Payables 970 1,037 - Debt Securities 184,149 163,715 127,288 Borrowings(other than D
Slide 32: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 Growth FY 2024 (%) INCOME Interest Income 36,560 33,575 29,577 24 124,476 Other than Interest Income 541 609 686 (21) 2,465 Total 37,101 34,184 30,263 23 126,940 EXPENSES Finance Cost 13,511 12,228 10,
Slide 33: Equity
EQUITY Strong Capital Base Networth (` in millions) Jun-24 Mar-24 Jun-23 Equity Share Capital 4,015 4,015 4,014 Other Equity 239,793 238,888 207,756 Total 243,808 242,903 211,771 31
Slide 34: Assets
ASSETS Core focus continues to be gold loan Loan Assets under management* Jun-24 Mar-24 Jun-23 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Loan assets under management 843,238 758,270 676,385 25 11 Break-up of Loan Assets under management Gold Loans under management 80
Slide 35: Liabilities
LIABILITIES Stable sources of funding* Jun-24 Mar-24 Jun-23 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot - - 357 (100) - Gold Bonds) Secured Non-Convertible Debentures- Listed 184,306 163,890 127,067 45 12 Borrowings from Bank
Slide 36: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 880 840 809 800 760 729 720 680 660 640 619 600 575 560 520 519 480 440 408 400 360 336 320 288 280 243 272 240 216 233 200 160 120 80 40 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-
Slide 37: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 220 200 194 187 180 182 188 180 176 169 171 155 160 149 142 140 131 118 120 100 80 60 40 20 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Mar-24 Jun-24 35
Slide 38: 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-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Mar-24 Jun-24 East 6 6 7 7 8 8 9 9 9 10 10 10 10 West 13 15 17 18 19 20 19 19 19 19 19 19 20 North 22 22 22 23 23
Slide 39: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 175 166.68 155 150.14 139.26 135 130.57 124.61 115 112.10 95 89.28 74.97 75 66.70 63.20 55.01 56.93 50.63 55 35 15 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-2
Slide 40: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 245 219 179 165 150 137 123 119 120 114 104 104 99 94 88 84 81 75 61 58 55 54 43 41 43 42 48 45 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Avg Monthly Disbursement Avg Monthly Collec
Slide 41: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% 62% 67% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 FY 23 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion
Slide 42: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-24 Mar-24 Jun-23 Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 809 729 660 619 575 519 407 336 288 272 243 Quantity of Gold content in Ornaments held as Security 194 188 182
Slide 43: Customer Base (1/2)
CUSTOMER BASE Dynamic and growing customer base (1/2) Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Gold Loan AUM 809,219 728,785 692,214 675,171 660,388 618,753 568,244 565,014 561,766 (` in Millions) QoQ % change in Gold 11 5 3 2 7 9 1 1 (2) Loan AUM No. of Loan Accounts 91,83,579
Slide 44: Customer Base (2/2)
CUSTOMER BASE Dynamic and growing customer base (2/2) Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 463,390 438,350 408,758 428,114 412,206 401,6
Slide 45: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 23.03 22.21 22.17 22.00 21.23 20.27 22.00 21.43 20.06 19.31 20.00 20.00 19.72 17.94 18.26 18.00 17.70 18.27 18.08 18.00 15.29 15.53 16.00 14.24 16.00 14.00 14.20 13.03 14.00 12.74 12.00 10.84 11.51 11.62 12.00 11.58 9.79 1
Slide 46: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.43 22.00 21.23 20.27 19.72 20.06 22.00 20.00 19.31 20.00 17.70 17.94 18.26 18.08 18.00 18.27 18.00 16.00 14.04 16.00 13.45 13.49 14.00 12.23 14.00 11.88 11.99 12.00 10.93 10.80 12.00 10.90 9.69 9.45 10.00 8.99 9.76
Slide 47: 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 7.99 9.00 8.00 7.24 8.00 7.00 6.36 7.00 5.93 5.84 5.96 6.00 6.19 6.00 5.75 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*Mar-20*Mar-21*Mar
Slide 48: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Jun-24 Mar-24 Jun-23 Stage I Loan Assets 783,009 719,867 633,637 Stage II Loan Assets 26,697 13,557 13,958 Stage III Loan Assets 33,532 24,845 28,789 % Stage III Assets on Loan Assets 3.98 3.28 4.26 ECL Provision on L
Slide 49: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 7 8 Secured Non-Convertible Debentures – Listed – ` 184,306 mn (28%) 28 Borrowings from Banks/FIs - ` 362,628 mn (55%) External Commercial Borrowings- Senior secured Notes – ` 54,202 mn (8%) Subordinated Debt – Listed - ` 505 mn (0%) 55
Slide 50: 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 51: 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 52: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,40,000 1,40,000 1,24,476 1,20,000 1,09,560 1,03,686 1,20,000 1,03,285 1,00,000 1,00,000 85,644 80,000 62,021 67,570 80,000 60,000 49,077 48,130 56,546 60,000 42,703 36,560 33,575 40,000 40,000 29,577 20,000 20,000 0 0 Mar-14
Slide 53: 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 5.01 5.10 5.50 4.89 4.94 5.00 5.00 4.46 4.50 4.50 4.00 3.92 4.24 4.10 3.88 3.48 3.62 3.64 4.00 3.50 3.50 3.00 2.50 3.00 Mar-14 Mar
Slide 54: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q1 FY Q4 FY Q1 FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2025* 2024* 2024* Employee Benefit Expenses 12,816 11,044 9,487 9,270 9,657 8,415 7,393 7,280 3,699 3,412 3,226 Rent 2,696 2,487 2,350 2,189
Slide 55: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2025* 2024* 2024* Employee Benefit Expenses 49 51 49 49 52 54 47 48 43 44 50 Rent 10 11 12 12 12 13 12 12 8 9 10 Advertisement & Publicity 5 7 6 6 6 7 5 3 3 6 5 Co
Slide 56: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY (Based on Income) Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2025* 2024* 2024* Interest expense to Gross 36.67 35.08 34.56 34.92 32.00 32.51 30.50 39.92 36.42 35.77 35.15 Income Selling, general and administrative ex
Slide 57: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Q1 FY Q4 FY Q1 FY Assets) 2025* 2024* 2024* Interest income to avg. loan 17.94 17.70 20.06 22.17 23.03 21.63 22.21 21.43 18.26 18.27 18.08 assets Interest expense to av
Slide 58: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 60,000 60,000 54,488 55,000 53,094 55,000 50,065 46,664 50,000 50,000 45,000 45,000 40,497 40,574 39,543 40,000 40,000 35,000 37,222 35,000 30,768 34,735 30,000 30,000 28,447 30,183 25,0
Slide 59: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 2,60,000 2,43,808 2,40,000 2,42,903 2,20,000 2,11,771 2,10,619 2,00,000 1,83,445 1,80,000 1,60,000 1,52,389 1,40,000 1,20,000 1,15,718 97,928 1,00,000 78,120 80,000 65,164 60,000 50,835 56,192 42,646 40,000 20,000
Slide 60: 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 30 27.77 25 24.81 23.55 22.40 17.73 17.78 18.47 25 20 19.50 19.44 17.63 17.86 15 20 14.35 15.13 10 15 5 10 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar 20*Mar
Slide 61: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement of 15% Capital Adequacy Ratio (%) Jun-24 Mar-24 Jun-23 Capital Adequacy Ratio 27.47 30.37 30.03 Tier-I 26.73 29.61 29.27 Tier-II 0.74 0.76 0.76 59
Slide 62: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Earnings per share (`) - Basic 26.87 26.32 24.29 100.88 - Diluted 26.87 26.31 24.29 100.87 Jun-24 Mar-24 Jun-23 Book Value per share (`) 607.21 604.95 527.42 Market price per shar
Slide 63: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Jun-24 Mar-24 Jun-23 Outside Liabilities 681,785 607,381 530,708 Cash and Cash Equivalents & Bank Balances 44,866 50,365 35,136 Tangible Networth 243,772 242,863 211,732 Capital Gearing 2.61 2.29 2.34 61
Slide 64: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 30000 29000 28286 27701 27961 28000 27273 27000 26716 25911 26000 25554 25012 25000 24205 24000 24224 23455 22882 23000 22000 22781 21000 20000 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
Slide 65: Belstar Microfinance Limited
BELSTAR MICROFINANCE LIMITED A Subsidiary of Muthoot Finance Limted 63
Slide 66: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of June 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 effective
Slide 67: Belstar Loan AUM
LOAN AUM INCREASE IN LOAN AUM AS ON JUNE 30, 2024 42% YoY AT ₹ 9,952 Crores ₹ 9,952 CRORES AS ON JUNE 30, 2023 ₹ 7,008 Crores 65
Slide 68: Belstar Total Revenue
TOTAL REVENUE INCREASE IN TOTAL REVENUE AS ON JUNE 30, 59% YoY AT 2024 ₹ 573 Crores ₹ 573 CRORES AS ON JUNE 30, 2023 ₹ 360 Crores 66
Slide 69: Belstar Profit After Tax
PROFIT AFTER TAX INCREASE IN PROFIT AFTER TAX Q1 FY25 74% YoY AT ₹ 90 Crores ₹ 90 CRORES Q1 FY24 ₹ 52 Crores 67
Slide 70: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Number of Branches 1,020 1,014 782 1,014 Number of Employees 11,202 10,559 8,421 10,559 Loan AUM (`) 99,519 100,232 70,082 100,232 Loan Assets (`) 87,734 85,614 55,914 85,614 Capital Adequacy Ratio (%) 21 2
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: Homefin Loan AUM
LOAN AUM INCREASE IN LOAN AUM AS ON JUNE 30, 47% YoY AT 2024 ₹ 2,199 Crores ₹ 2,199 CRORES AS ON JUNE 30, 2023 ₹ 1,501 Crores 71
Slide 74: Homefin Loan Disbursement
LOAN DISBURSEMENT INCREASE IN LOAN DISBURSEMENT AS ON JUNE 30, 2024 102% YoY AT ₹ 221 Crores ₹ 221 CRORES AS ON JUNE 30, 2023 ₹ 109 Crores 72
Slide 75: Homefin Profit After Tax
PROFIT AFTER TAX Q1 FY25 INCREASE IN PROFIT AFTER TAX 63% YoY AT ₹ 8 Crores ₹ 8 CRORES Q1 FY24 ₹ 5 Crores 73
Slide 76: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Number of branches 125 118 111 118 Number of Sales Offices 125 118 111 118 Number of Employees 702 601 418 601 Loan AUM (`) 21,986 20,353 15,007 20,353 Loan Assets (`) 18,629 17,073 11,641 17,073 Capital Adequa
Slide 77: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Disbursement (`) 2,213 3,214 1,094 8,146 Borrowings (`) 13,738 13,147 8,191 13,147 Debt Equity Ratio (%) 2.84 2.76 1.77 2.76 Yield on Advances (%) 13.35 13.87 13.34 13.50 Interest Spread (%) 4.49 5.00 4.63 4.69
Slide 78: Financial Highlights and Growth
• Disbursements of INR 2,213 mm in Q1 FY 2025: AUM INR 21986 mm as on June 30, 2024: Loan Book INR 18629 mm as on June 30, 2024: • Average Ticket Size as on June 30, 2024: INR 1.07 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana,
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 and loans for commercial vehicles and equipments. The operations are
Slide 81: Muthoot Money Loan AUM
LOAN AUM INCREASE IN LOAN AUM AS ON JUNE 30, 234% YoY AT 2024 ₹ 1,657 Crores ₹ 1,657 CRORES AS ON JUNE 30, 2023 ₹ 496 Crores 79
Slide 82: Muthoot Money Total Revenue
TOTAL REVENUE INCREASE IN TOTAL REVENUE AS ON JUNE 30, 193% YoY AT 2024 ₹ 60 Crores ₹ 60 CRORES AS ON JUNE 30, 2023 ₹ 21 Crores 80
Slide 83: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Number of branches 674 470 185 470 Number of Employees 2,840 2,130 1,154 2,130 Loan AUM (`) 16,574 11,227 4,961 11,227 Capital Adequacy Ratio(%) 29 42 19 42 Total Revenue (`) 601 445 205 1,26
Slide 84: Muthoot Insurance Brokers
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 Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Premium Collection (` ) 1,481 1,904 1,477 6,560 Number of Policies 794,942 10,05,019 916,295 37,65,644 Key Financial Parameters (` in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Total Reve
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 June 30,2024, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 89: Branch Network
BRANCH NETWORK INCREASE IN BRANCH NETWORK AS ON JUNE 30, 2024 10% YoY AT 85 Branches 85 BRANCHES AS ON JUNE 30, 2023 77 Branches 87
Slide 90: Profit After Tax
PROFIT AFTER TAX INCREASE IN PROFIT AFTER TAX 110% YoY AT AS ON JUNE 30, 2024 LKR 12 CRORES LKR 12 Crores AS ON JUNE 30, 2023 LKR 6 Crores 88
Slide 91: 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 89
Slide 92: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 90
Slide 93: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 LKR/INR 0.272452 0.277406 0.26625 0.277406 Number of branches 85 85 77 85 Number of Employees 636 564 595 564 Loan AUM (LKR) 23,352 20,564 20,102 20,564 Capital Adequacy Ratio (%) 22 21 23 21 Total Revenu
Slide 94: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Networth 1,224 1,207 1,157 1,207 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) Q1 FY 2025 Q4 FY 2024 Q1 FY 2024 FY 2024 Networth 11 11 10 11 92
Slide 95: Muthoot Family - years of Business Legacy
Muthoot Family - 800 years of Business Legacy