Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q2 FY2025 Earnings Presentation
95 slides from Muthoot Finance's earnings presentation, Nov 14, 2024
Slide 1: Filing cover letter to stock exchanges
November 14, 2024 Ref: SEC/MFL/SE/2024/5929 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 Q2 FY 2025
Financial Results Q2 FY 2025 FinancialSeptember Results Q22024 FY 2024 September 2023
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: Consolidated loan AUM crosses Rs 1 lakh crore
Muthoot Finance CONSOLIDATED LOAN AUM CROSSES GOLDEN MILESTONE OF RS 1 LAKH CRORE ~~ INDIA’S \. fspbees To Work. FINANCIAL SERVICES/ [eeacucbica’ BRAND 2024* oa aan ZO Times Business Award 2024
Slide 6: Performance highlights for the half year ended Sep 30, 2024
Performance highlights for the half year ended Sep 30, 2024 Highest Ever Consolidated Loan AUM: 31% YoY increase at ₹ 1,04,149 Crores Highest Ever Standalone Loan AUM: 31% YoY increase at ₹ 90,197 Crores Highest Ever Consolidated Profit After Tax in any 1st Half of a Year : 18% YoY increase at ₹ 2,5
Slide 7: Consolidated Loan AUM 104,149 Crores
CONSOLIDATED LOAN AUM AS ON SEPT 30, 104,149 Crores 2024 HIGHEST EVER CONSOLIDATED LOAN AUM 31% YoY INCREASE AT AS ON SEPT 30, 2023 79,493 Crores 104,149 Crores 5
Slide 8: Standalone Loan AUM 90,197 Crores
STANDALONE LOAN AUM AS ON SEPT 30, 90,197 Crores 2024 HIGHEST EVER STANDALONE LOAN AUM 31% YoY INCREASE AT AS ON 69,002 Crores 90,197 Crores SEPT 30, 2023 6
Slide 9: Consolidated Profit After Tax 2,517 Crores
CONSOLIDATED PROFIT AFTER TAX HALF YEAR ENDED 2,517 Crores SEPT 30,2024 HIGHEST EVER CONSOLIDATED PROFIT AFTER TAX IN ANY 1st HALF OF A YEAR HALF YEAR 18% YoY INCREASE AT ENDED 2,140 Crores SEPT 30,2023 2,517 Crores 7
Slide 10: Standalone Profit After Tax 2,330 Crores
STANDALONE PROFIT AFTER TAX HALF YEAR ENDED SEPT 30,2024 2,330 Crores HIGHEST EVER STANDALONE PROFIT AFTER TAX IN ANY 1st HALF OF A YEAR HALF YEAR ENDED 18% YoY INCREASE AT 1,966 Crores SEPT 30,2023 2,330 Crores 8
Slide 11: Average Gold Loan AUM per Branch
AVERAGE GOLD LOAN AUM PER BRANCH AS ON SEPT 30, 17.75 Crores 2024 HIGHEST EVER AVERAGE GOLD LOAN AUM PER BRANCH 17.75 Crores 9
Slide 12: Gold Loan Advance to New Customers
GOLD LOAN ADVANCE TO NEW CUSTOMERS HALF YEAR ENDED SEPT 30, 2024 10,687 Crores HIGHEST EVER GOLD LOAN DISBURSEMENT TO NEW CUSTOMERS IN ANY 1st HALF OF A YEAR 10,687 Crores to 9,66,405 Customers 10
Slide 13: Gold Loan AUM 86,164 Crores
GOLD LOAN AUM AS ON SEPT 30, 86,164 Crores 2024 HIGHEST EVER GOLD LOAN AUM 28% YOY INCREASE AT AS ON SEPT 30, 2023 67,517 Crores 86,164 Crores 11
Slide 14: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 (%) Group Branch Network (Nos) 7,097 6,169 7,097 6,759 15 6,541 Consolidated Loan Assets Under Management* of 1,041,492 794,934 1,041,492 980,478 31 890,786 the Group (₹ in million) Consolidated Profit after ta
Slide 15: Loan Assets Under Management of the Group
THE GROUP Loan Assets Under Management* of the Group (₹ in millions) Sep-24 Jun-24 Mar-24 Sep-23 YoY (%) Muthoot Finance Limited 901,965 843,238 758,270 690,016 31 Muthoot Homefin (India) Limited 24,410 21,986 20,353 16,157 51 Belstar Microfinance Limited 96,253 99,519 100,232 78,741 22 Muthoot Mone
Slide 16: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (₹ in millions) H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q2 FY 2024 Q1 FY 2025 FY 2024 Muthoot Finance Limited 23,298 19,661 12,511 9,910 10,787 40,497 Muthoot Homefin (India) Limited 174 91 97 44 77 185 Muthoot Insurance Brokers Private 231 254 74 152 157 418
Slide 17: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Sep-24 Jun-24 Mar-24 Sep-23 ASSETS Financial assets Cash and cash equivalents 74,070 53,549 60,373 68,337 Bank Balance other than above 1,548 1,993 2,346 4,206 Derivative Financial Instruments - - - 6 Trade Receivables 179
Slide 18: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (₹ in millions) Particulars Sep-24 Jun-24 Mar-24 Sep-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 82 765 139 16 Trade Payables 1,460 1,552 1,380 1,216 Other Payables 1,061 1,080 1,281 730 Debt Securities 208,153 194,336 174,76
Slide 19: Consolidated Financial Results
Consolidated Financial Results (₹ in millions) H1 FY H1 FY YoY Q2 FY Q1 FY QoQ Q2 FY Particulars FY 2024 2025 2024 (%) 2025 2025 (%) 2024 Income Interest Income 91,298 68,837 33 47815 43,483 10 35,053 145,457 Service Charges 1,541 830 86 782 759 3 481 2,659 Sale of Services 40 79 (49) 19 20 (5) 54 8
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 29 199 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 ₹ 901,965 mn Loan Assets Under Management (
Slide 22: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake NSE Ticker 23.62 3.03 MUTHOOTFIN (%) Shareholding as on September 30, 2024 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Market Capitalisation Public (as on September 30,2024) ₹ 815,714 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 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 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 227 Uttar Pradesh 146 195 Assam 34 Bihar 2
Slide 27: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility New Initiatives • Loan proceeds credited to bank • Integrating various banks' statement APIs with CFSS account simplifies the process of reconciling branches' BRS. • NEFT/RTGS/IMPS/UPI mode o
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 Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 10.6m downloads, New User Muthoot Online
Slide 29: Digital Initiatives
DIGITAL INITIATIVES Gold Loans Personal loan • DIY & iMuthoot App journey enhanced to allow • Launched DIY journey customers to utilize their maximum eligible amounts. • Here Muthoot Finance existing customers can do end • No Cost Loans DIY journey on ecommerce site, thus to end journey within 10 mi
Slide 30: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Sep-24 Jun-24 Mar-24 Sep-23 ASSETS Financial assets Cash and cash equivalents 65,928 44,741 50,365 61,415 Bank Balance other than above 217 230 93 2,290 Derivative Financial Instruments - - - 6 Trade Receivables 26 25 10 28 L
Slide 31: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (₹ in millions) Particulars Sep-24 Jun-24 Mar-24 Sep-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 82 765 139 16 Trade Payables 1,255 1,338 1,002 1,760 Other Payables 925 970 1,037 - Debt Securities 197,035 184,149 163,715 134,94
Slide 32: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (₹ in millions) YoY QoQ H1 FY H1 FY Q2 FY Q1 FY Q2 FY Growth Growth FY 2024 2025 2024 2025 2025 2024 (%) (%) INCOME Interest Income 77,245 59,724 29 40,685 36,560 11 30,147 124,476 Other than Interest Income 1,118 1,275 (12) 577 541 7 589 2,465 Total 78,
Slide 33: Equity
EQUITY Strong Capital Base Networth (₹ in millions) Sep-24 Jun-24 Mar-24 Sep-23 Equity Share Capital 4,015 4,015 4,015 4,015 Other Equity 252,823 239,793 238,888 217,791 Total 256,838 243,808 242,903 221,805 31
Slide 34: Assets
ASSETS Core focus continues to be gold loan Loan Assets under management* Sep-24 Jun-24 Mar-24 Sep-23 Growth Growth (₹ in million) (₹ in million) (₹ in million) (₹ in million) YoY (%) QoQ (%) Loan assets under management 901,965 843,238 758,270 690,016 31 7 Break-up of Loan Assets under management G
Slide 35: Liabilities
LIABILITIES Stable sources of funding* Sep-24 Jun-24 Mar-24 Sep-23 Growth Growth (₹ in million) (₹ in million) (₹ in million) (₹ in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures - - 213 (100) - (Muthoot Gold Bonds) Secured Non-Convertible Debentures- Listed 197,166 184,306 163,890 134,
Slide 36: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (₹ in billions) 920 880 862 840 809 800 760 729 720 675 680 640 619 600 575 560 519 520 480 440 408 400 360 336 320 288 280 233 243 272 240 216 200 160 120 80 40 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar
Slide 37: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 250 199 200 188 194 187 180 183 169 176 171 142 149 155 150 131 118 100 50 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Sep-23 Mar-24 Jun-24 Sep-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 Sep-23 Mar-24 Jun-24 Sep-24 East 6 6 7 7 8 8 9 9 9 10 10 10 10 10 West 13 15 17 18 19 20 19 19 19 19 19 19 20 20 North 2
Slide 39: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (₹ in millions) 195 177.47 175 166.68 150.14 155 142.29 135 130.57 124.61 112.10 115 95 89.28 74.97 75 63.2 66.70 55.01 56.93 50.63 55 35 15 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Ma
Slide 40: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (₹ in billions) 245 219 179 165 150 151 137 133 123 119 120 114 104 104 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 Avg Monthly Disbursement Avg Monthly C
Slide 41: 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 42: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Sep-24 Jun-24 Mar-24 Sep-23 Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Gold Loan assets (₹ in Billions) 862 809 729 675 619 575 519 407 336 288 272 Quantity of Gold content in Ornaments held as Security 199 194 188
Slide 43: Customer Base (1/2)
CUSTOMER BASE Dynamic and growing customer base (1/2) Sept-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Gold Loan AUM (₹ in 861,636 809,219 728,785 692,214 675,171 660,388 618,753 568,244 565,014 Millions) QoQ % change in Gold 6 11 5 3 2 7 9 1 1 Loan AUM No. of Loan Accounts 9,719,492
Slide 44: Customer Base (2/2)
CUSTOMER BASE Dynamic and growing customer base (2/2) Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-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 443,335 463,390 438,350 408,758 428,114 412,2
Slide 45: 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 18.65 18.26 18.51 18.00 17.65 17.93 18.00 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 11.54 10
Slide 46: 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 18.65 17.7 17.94 18.26 18.51 18.00 18.00 17.65 17.93 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 9.52
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 6.19 7.00 5.93 5.84 6.00 5.9 6.00 5.74 5.8 5.58 5.39 5.00 4.47 5.00 4.00 3.22 3.32 4.00 3.03 3.00 3.00 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18*Mar-19*Mar-20*Ma
Slide 48: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (₹ in millions) Sep-24 Jun-24 Mar-24 Sep-23 Stage I Loan Assets 851,124 783,009 719,867 655,302 Stage II Loan Assets 12,034 26,697 13,557 7,075 Stage III Loan Assets 38,807 33,532 24,845 27,639 % Stage III Assets on Gross Loan Assets
Slide 49: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 6 Secured Non-Convertible Debentures (Muthoot Gold Bonds) - Nil (0%) 9 Secured Non-Convertible Debentures - Listed - ₹ 197,166 mn (27%) Borrowings from Banks/FIs - ₹ 413,926 mn (57%) 27 External Commercial Bonds- Senior secured Notes - ₹
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 1,20,000 1,03,285 1,03,686 1,00,000 1,00,000 85,644 80,000 77,245 80,000 62,021 67,570 59,724 60,000 56,546 60,000 49,077 40,685 42,703 48,130 40,000 30,147 36,560 40,000 20,000 20,
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 5.1 5.50 5.01 4.89 4.94 5.00 5.00 4.46 4.50 4.50 3.92 3.91 4.24 4.07 3.64 3.48 3.62 4.00 4.00 3.62 3.50 3.50 3.35 3.00 3.00 2.50 2
Slide 54: 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-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2024* Employee Benefit Expenses 12,816 11,044 9,487 9,270 9,657 8,415 7,393 3,706 3,074 3,699 7,405 6,300 Rent
Slide 55: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2024* Employee Benefit Expenses 49 51 49 49 52 54 47 43 52 43 43 51 Rent 10 11 12 12 12 13 12 8 11 8 8 11 Advertisement & Publicity 5
Slide 56: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY (Based on Income) Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* 2025* 2024* 2025* 2025* 2024* Interest expense to Gross 36.67 35.08 34.56 34.92 32.00 32.51 30.50 37.58 37.62 36.42 37.03 36.40 Income Selling, genera
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* Q2 FY Q2 FY Q1 FY H1 FY H1 FY Assets) 2025* 2024* 2025* 2025* 2024* Interest income to avg. loan 17.94 17.70 20.06 22.17 23.03 21.63 22.21 18.65 17.65 18.26 18.51 17.93 assets
Slide 58: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (₹ in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 53,094 54,488 45,000 50,065 50,000 46,664 40,000 45,000 40,574 39,543 40,497 35,000 40,000 31,997 35,000 37,222 30,000 34,735 26,447 28,447 30,768 30,000 25,000 23,298 30,183 25,0
Slide 59: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (₹ in millions) 2,80,000 2,56,838 2,60,000 2,42,903 2,43,808 2,40,000 2,21,805 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 60,000 42,646 50,835 56,
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 28.26 27.77 30 30 24.81 23.55 25 22.40 19.99 25 20 18.29 18.19 19.50 19.44 17.73 18.65 20 17.63 17.86 15 14.35 15.13 15 10 10 5 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19
Slide 61: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement of 15% Capital Adequacy Ratio (%) Sep-24 Jun-24 Mar-24 Sep-23 Capital Adequacy Ratio 26.96 27.47 30.37 30.31 Tier-I 26.21 26.73 29.61 29.55 Tier-II 0.75 0.74 0.76 0.76 59
Slide 62: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q2 FY 2025 Q2 FY 2024 Q1 FY 2025 H1 FY 2025 H1 FY 2024 FY 2024 Earnings per share (₹) - Basic 31.16 24.69 26.87 58.03 48.98 100.88 - Diluted 31.16 24.68 26.87 58.03 48.97 100.87 Sep-24 Jun-24 Mar-24 Sep-23 Book Value per
Slide 63: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (₹ In millions) Sep-24 Jun-24 Mar-24 Sep-23 Outside Liabilities 748,344 681,785 607,381 572,272 Cash and Cash Equivalents & Bank 66,053 44,866 50,365 61,680 Balances Tangible Networth 256,804 243,772 242,863 221,769 Capital Gearing 2.66 2.61 2.29
Slide 64: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 29000 28478 28286 28000 27273 28097 27961 27000 26716 25911 26000 25554 24881 25012 25000 24205 24224 24000 22882 23455 23000 22781 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18
Slide 65: Belstar Microfinance Limited
BELSTAR MICROFINANCE LIMITED A Subsidiary of Muthoot Finance Limited
Slide 66: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of September 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 effe
Slide 67: Belstar Loan AUM 9,625 Crores
LOAN AUM AS ON SEPT 30, 9,625 Crores 2024 INCREASE IN LOAN AUM 22% YoY AT AS ON SEPT 30, 2023 7,874 Crores 9,625 Crores 65
Slide 68: Belstar Total Revenue 1,165 Crores
TOTAL REVENUE HALF YEAR ENDED 1,165 Crores SEPT 30,2024 INCREASE IN TOTAL REVENUE 47% YoY AT HALF YEAR 791 Crores 1,165 Crores ENDED SEPT 30,2023 66
Slide 69: Belstar Profit After Tax 142 Crores
PROFIT AFTER TAX HALF YEAR ENDED 142 Crores SEPT 30,2024 INCREASE IN PROFIT AFTER HALF YEAR TAX 6% YoY AT ENDED 135 Crores SEPT 30,2023 142 Crores 67
Slide 70: Key Financial Parameters
Key Financial Parameters (₹ in millions) Particulars H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of Branches 1,111 946 1,111 1,020 1,014 Number of Employees 12,075 9,491 12,075 11,202 10,559 Gross Loan AUM (₹) 96,253 78,741 96,253 99,519 100,232 Gross Loan Assets (₹) 84,260 64,654 84,
Slide 71: Muthoot Homefin
‘ Muthoot Homefin 4
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 2,441 Crores
LOAN AUM AS ON SEPT 30, 2,441 Crores 2024 INCREASE IN LOAN AUM 51% YoY AT AS ON SEPT 30, 2023 1,616 Crores 2,441 Crores 71
Slide 74: Homefin Loan Disbursement 529 Crores
LOAN DISBURSEMENT HALF YEAR ENDED 529 Crores SEPT 30,2024 INCREASE IN LOAN DISBURSEMENT 90% YoY AT HALF YEAR ENDED SEPT 30,2023 278 Crores 529 Crores 72
Slide 75: Homefin Profit After Tax 17 Crores
PROFIT AFTER TAX HALF YEAR ENDED 17 Crores SEPT 30,2024 INCREASE IN PROFIT AFTER TAX 91% YoY AT HALF YEAR ENDED SEPT 30,2023 9 Crores 17 Crores 73
Slide 76: Business Performance
Business Performance (₹ in millions) Particulars H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of branches 147 122 147 125 118 Number of Sales Offices 147 122 147 125 118 Number of Employees 838 512 838 702 601 Loan AUM (₹) 24,410 16,157 24,410 21,986 20,353 Loan Assets (₹) 20,980 12,93
Slide 77: Business Performance
Business Performance (₹ in millions) Particulars H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Disbursement (₹) 5,292 2,779 3079 2,213 8,146 Borrowings (₹) 18,178 9,467 18178 13,738 13,147 Debt Equity Ratio (%) 3.69 2.03 3.69 2.84 2.76 Yield on Advances (%) 13.37 13.33 13.67 13.35 13.50 Intere
Slide 78: Financial Highlights and Growth
• Disbursements of INR 3079 mm in Q2 FY 2025: AUM INR 24410 mm as on September 30, 2024: Loan Book INR 20980 mm as on September 30, 2024: • Average Ticket Size as on September 30, 2024: INR 1.11 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Prades
Slide 79: 77
77
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. The Operations of MML are spread across India. As on 30th September,
Slide 81: Muthoot Money Loan AUM 2,265 Crores
LOAN AUM AS ON SEPT 30, 2,265 Crores 2024 INCREASE IN LOAN AUM 259% YoY AT AS ON 2,265 Crores SEPT 30, 630 Crores 2023 79
Slide 82: Muthoot Money Total Revenue 146 Crores
TOTAL REVENUE HALF YEAR ENDED SEPT 30,2024 146 Crores INCREASE IN TOTAL REVENUE 209% YoY AT 146 Crores HALF YEAR ENDED SEPT 30,2023 47 Crores 80
Slide 83: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (₹ in millions) Particulars H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Number of branches 893 276 893 674 470 Number of Employees 3,555 1,040 3,555 2,840 2,130 Gross Loan AUM (₹) 22,652 6,302 22,652 16,574 11,227 Capital Adequacy Ratio(%) 21 74 21 29
Slide 84: 82
82
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 H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Premium Collection (₹ ) 3,208 3,099 1,727 1,481 6,560 Number of Policies 14,88,096 17,91,376 6,93,154 794,942 37,65,644 Key Financial Parameters (₹ in millions) Particulars H1 FY 2025 H1 FY 2024 Q
Slide 87: Asia Asset Finance PLC
ASIA ASSET FINANCE PLC A finance company with a golden heart 4
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 September 30,2024, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio st
Slide 89: 91 Branches
BRANCH NETWORK AS ON SEPT 30, 91 Branches 2024 INCREASE IN BRANCH NETWORK 14% YoY AT AS ON SEPT 30, 2023 80 Branches 91 BRANCHES 87
Slide 90: Profit After Tax LKR 30 Crores
PROFIT AFTER TAX HALF YEAR ENDED LKR 30 Crores SEPT 30,2024 INCREASE IN PROFIT AFTER TAX 136% YoY AT HALF YEAR ENDED SEPT 30,2023 LKR 13 Crores LKR 30 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 H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 LKR/INR 0.2821465 0.2562605 0.2821465 0.272452 0.277406 Number of branches 91 80 91 85 85 Number of Employees 699 523 699 636 564 Loan AUM (LKR) 26,093 19,581 26,093 23,352 20,564 Capital Adequ
Slide 94: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (₹ In millions) H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Networth 1,243 1,172 1,243 1,224 1,207 MUTHOOT TRUSTEE PRIVATE LIMITED (₹ In millions) H1 FY 2025 H1 FY 2024 Q2 FY 2025 Q1 FY 2025 FY 2024 Networth 11 10 11 11 11 92
Slide 95: Muthoot Family - years of Business Legacy
Muthoot Family - 800 years of Business Legacy