Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2021 Earnings Presentation
70 slides from Muthoot Finance's earnings presentation, June 2020
Slide 1: Financial Results Q1 FY 2021
Financial Results Q1 FY 2021 June 2020 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
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 Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance 100.00 A
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance Q1 FY 2021 Q1 FY 2020 YoY(%) FY 2020 Group Branch Network (Nos) 5,330 5,092 5 5,330 Consolidated Gross Loan Assets* of the Group (` in million) 465,008 402,276 16 468,705 Consolidated Profit of the Group (` in million) 8,577 5,633 52 31,687 Contribution in the Conso
Slide 5: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) Q1 FY 2021 FY 2020 Q1 FY 2020 YoY (%) Muthoot Finance Ltd 412,957 416,106 358,159 15 Muthoot Homefin (India) Ltd 19,787 19,769 19,875 0 Belstar Microfinance Limited 25,754 26,310 19,385 33 Muthoot Money Limited 4,966 5,090 3,927 26 Asia Asset
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) Q1 FY 2021 Q1 FY 2020 FY 2020 Muthoot Finance Ltd 8,408 5,300 30,183 Muthoot Homefin (India) Ltd 4 62 318 Muthoot Insurance Brokers Private Limited 42 27 104 Belstar Microfinance Limited 145 229 990 Muthoot Money Limited (25) (0.40) 27 A
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 66,710 58,348 Bank Balance other than above 2,376 2,959 Derivative Financial Instruments 1,490 3,449 Trade Receivables 114 90 Loans 469,195 470,677 Invest
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Trade Payables 2,716 2,220 Debt Securities 97,596 102,827 Borrowings(other than Debt securities) 324,981 300,115 Deposits 2,720 2,560 Subordinated Liabilities 3,964 3,850
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) Particulars Q1 FY 2021 FY 2020 Income Interest Income 25,289 94,177 Service Charges 137 943 Sale of Services 18 191 Other Income 23 233 Income other than above 601 1,528 Total Income 26,068 97,072 Expenses Finance Cost 9,720 31,728 Impairment of Financi
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 29 165 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 ` 412,957 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.88 NSE Ticker 3.53 MUTHOOTFIN (%) Shareholding as on June 30, 2020 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on June 30,2020) ` 435,547 million 73.59 11
Slide 13: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 150 120 100 60 60 60 First Interim Dividend (%) 150 120 100 60 40 40 Second Interim Dividend (%) - - - - 20 - Final Dividend (%) - - - - - 20 Dividend Payout Ratio (%) 19.
Slide 14: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4573 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 16 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 10 East West Haryana 21 135 Delhi Assam 16 North South Rajasthan 223 33 Uttar Pradesh 144 183 Bihar T
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
DIGITAL INITIATIVES Online Gold Loan (OGL) • 19.2% of 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 22.5 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold Loan (OGL)
Slide 17: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 58,786 55,046 Bank Balance other than above 741 1,360 Derivative Financial Instruments 1,490 3,449 Trade Receivables 83 47 Loans 425,620 426,042 Investments
Slide 18: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Trade Payables 2,620 2,185 Debt Securities 92,808 99,619 Borrowings(other than Debt securities) 292,075 268,706 Subordinated Liabilities 2,956 2,976 Other Financial Liabili
Slide 19: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY Q1 FY 2021 Q1 FY 2020 Growth FY 2020 (%) INCOME Interest Income 23,160 18,274 27 85,644 Other than Interest Income 694 313 122 1,584 Total 23,854 18,587 28 87,228 EXPENSES Finance Cost 8,715 6,416 36 27,909 Employee benefit Expense 2,
Slide 20: Equity
EQUITY Strong Capital Base Networth (` in millions) Jun-20 Mar-20 Jun-19 Equity Share Capital 4,010 4,010 4,007 Other Equity 119,151 111,708 93,425 Total 123,161 115,718 97,432 19
Slide 21: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Jun-20 Mar-20 Jun-19 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 412,957 416,106 358,159 15 (1) management Break-up of Gross Loan Assets under management Gold Loans
Slide 22: Liabilities
LIABILITIES Stable sources of funding* Jun-20 Mar-20 Jun-19 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot Gold 3,023 3,160 4,153 (27) (4) Bonds) Secured Non-Convertible Debentures- Listed 90,110 96,840 79,134 14 (7) Borrowings
Slide 23: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 450 408 405 420 390 360 352 336 330 300 288 272 270 260 233 243 240 216 210 180 150 120 90 60 30 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 *Principal amount of gold Loan
Slide 24: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 176 176 180 169 165 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 23
Slide 25: 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-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 East 5 6 6 7 7 8 8 8 9 9 West 11 13 15 17 18 19 20 20 19 20 North 19 22 22 22 23 23 23 23 23 23 South 65 59 57 54 52 50
Slide 26: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 95 89.28 88.55 85 78.12 74.97 75 66.70 63.69 63.20 65 56.93 55.01 55 50.63 45 35 25 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 *Principal amount o
Slide 27: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 98 91 87 82 68 69 69 70 65 61 60 58 55 54 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Avg Monthly Disbursement Avg Monthly Collection Strong level of disbursements and collections 26
Slide 28: 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 29: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-20 Mar-20 Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 405 407 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as 165 176 176 169 155 149 142 131 Security (Tonnes) Gol
Slide 30: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 22.21 21.63 22.35 22.00 21.43 22.00 19.72 20.87 20.00 19.31 20.00 20.27 18.00 18.00 16.00 15.52 15.29 14.47 16.00 14.00 13.94 13.54 12.74 14.00 11.38 12.00 10.84 10.47 12.00 9.52 10.00 10.27 8.69 10.00 9.42 9.7
Slide 31: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 21.43 22.21 21.63 22.35 22.00 20.27 22.00 19.31 19.72 20.87 20.00 20.00 18.00 18.00 16.00 16.00 14.04 14.00 13.45 12.42 12.63 14.00 11.88 13.27 12.00 10.93 10.80 11.70 10.9010.53 12.00 10.00 9.24 9.00 8.38 8.92 8.76 8.99 10
Slide 32: 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 8.00 8.11 8.00 7.00 6.31 7.00 6.36 6.00 6.05 6.00 5.00 5.00 4.05 4.47 4.00 3.22 4.00 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Q1 FY 2021* Q1 FY 20
Slide 33: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Jun-20 Mar-20 Jun-19 Stage III Loan Assets 10,553 8,992 11,474 % Stage III Assets on Gross Loan Assets 2.56 2.16 3.20 ECL Provision on Gross Loan Assets 5,538 5,427 6,896 ECL Provision as % of Gross Loan Assets 1.34 1
Slide 34: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 3,023 mn (1%) 3 13 1 Secured Non-Convertible Debentures – Listed – ` 90,110 mn (23%) 23 Borrowings from Banks/Fis - ` 156,452 mn (40%) 19 External Commercial Borrowings- Senior
Slide 35: 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 36: 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(Negative) however, business or financial flexibility exists that support
Slide 37: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,00,000 1,00,000 85,644 80,000 80,000 67,570 56,546 62,021 60,000 53,641 60,000 49,077 42,703 48,130 40,000 40,000 23,160 18,274 20,000 20,000 0 0 Q1 FY 2021* Q1 FY 2020* Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar
Slide 38: 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 5.50 5.43 5.10 5.50 5.01 4.89 4.94 5.00 5.00 4.46 4.50 4.47 4.08 4.50 4.00 4.00 3.50 3.65 3.50 3.00 3.00 2.50 Mar-13 Mar-14 Mar-15 Mar-16 Ma
Slide 39: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q1 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* Employee Benefit Expenses 9,640 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,277 2,219 Rent 2,158 1,974 1,913 1,808 1,713 1,650 1,542 1,309
Slide 40: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q1 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* Employee Benefit Expenses 51 54 47 48 49 53 52 52 59 55 Rent 12 13 12 12 13 14 14 12 11 13 Advertisement & Publicity 6 7 5 3 5 5 6 5 4 5 Communication Costs 2 2
Slide 41: Profitability Ratios
PROFITABILITY RATIOS Yearly Quarterly (%) (%) Q1 FY Q1 FY (Based on Income) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* Interest expense to Gross 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 36.53 34.52 Income Selling, general and administrative expenses to Net 29.26 32
Slide 42: Profitability Ratios
PROFITABILITY RATIOS Yearly Quarterly (%) (%) (Based on Average Loan Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Q1 FY Q1 FY Assets) 2021* 2020* Interest income to avg. loan assets 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.35 20.87 Interest expense to avg. loan 7.51 7.16 6.92
Slide 43: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 45,000 40,574 45,000 40,000 40,000 35,000 30,768 30,183 35,000 30,000 28,447 30,000 25,000 25,000 19,210 20,000 19,721 20,000 15,114 17,776 15,000 11,936 13,168 10,279 15,000 10,042 11,7
Slide 44: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,30,000 1,23,161 1,20,000 1,15,718 1,10,000 97,928 97,432 1,00,000 90,000 78,120 80,000 65,164 70,000 60,000 56,192 50,835 50,000 42,646 37,356 40,000 30,000 20,000 10,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar
Slide 45: 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 30.15 28.26 30 28.16 30 24.81 25 22.40 21.70 25 20 19.50 19.44 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Mar 20* 0 Q1 FY 2021* Q1 F
Slide 46: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Jun-20 Mar-20 Jun-19 Capital Adequacy Ratio 26.30 25.47 24.72 Tier-I 25.20 24.30 24.33 Tier-II 1.10 1.17 0.39 45
Slide 47: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2021 FY 2020 Q1 FY 2020 Earnings per share (`) - Basic 20.96 75.31 13.23 - Diluted 20.94 75.21 13.20 Jun-20 Mar-20 Jun-19 Book Value per share (`) 306.99 288.43 243.02 Market price per share (`)** 1,086.05 613.15 6
Slide 48: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Jun-20 Mar-20 Jun-19 Outside Liabilities 404,561 388,878 292,619 Cash & Bank Balances & Investment in 84,769 59,253 9,106 MF liquid Funds Tangible Networth 123,113 115,668 97,376 Capital Gearing 2.60 2.85 2.91 47
Slide 49: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26000 25554 25430 25012 25000 24881 24205 24224 24644 24000 23455 22882 22781 23000 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 48
Slide 50: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 51: 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 30,2020, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 52: 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 51
Slide 53: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chunnakam Mullaitivu Puthukkudiyiruppu Kegalle Ragala Chenkaladi Matale Kalmunai Nawalapitiya Gampola Kalutara (SC) Thalawakele 52
Slide 54: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 INR/LKR 0.40386 0.388758 0.389803 0.388758 Number of branches 29 29 24 29 Number of Employees 461 495 559 495 Loan AUM (LKR) 13,481 13,839 12,904 13,839 Capital Adequacy Ratio (%) 16 17 21 17 Total Revenu
Slide 55: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 54
Slide 56: 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 57: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Number of branches 107 107 101 107 Number of Sales Offices 107 107 132 107 Number of Employees 344 412 401 412 Loan AUM (`) 19,787 19,769 19,875 19,769 Capital Adequacy Ratio (%) 47 52 45 52 Total Revenue (`) 5
Slide 58: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Disbursement (`) 613 570 1,114 4,127 Borrowings (`) 14,712 14,185 16,022 14,185 Debt Equity Ratio (%) 3.44 3.33 3.99 3.33 Yield on Advances (%) 13.04 10.13 12.70 11.77 Interest Spread (%) 3.65 0.58 3.36 2.29 NI
Slide 59: Financial Highlights and Growth
• Disbursements in Q1 FY 2021: Rs 613 mn. AUM as on June 30, 2020: Rs. 19,787 mn, Loan Book as on June 30, 2020: Rs 17,517 mn. • Average Ticket Size in Q1 FY 2021: Rs.1.01 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka
Slide 60: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 59
Slide 61: 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 62: Key Business Parameters / Key Financial Parameters
Key Business Parameters (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Premium Collection (` ) 443 1,064 606 3,232 Number of Policies 142,421 794,831 441,204 28,06,336 Key Financial Parameters (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Total Revenue (`
Slide 63: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 62
Slide 64: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of June 2020 , Muthoot Finance holds 70.01% 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 65: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Number of Branches 603 603 441 603 Number of Employees 4,197 4,425 3,309 4,425 Gross Loan AUM (`) 25,754 26,310 19,385 26,310 Capital Adequacy Ratio (%) 26 26 23 26 Total Revenue (`) 1,171 1,327 1,079 5,007
Slide 66: Our Subsidiary
OUR SUBSIDIARY 65
Slide 67: 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 68: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Number of branches 18 24 24 24 Number of Employees 245 304 245 304 Gross Loan AUM (`) 4,966 5,090 3,927 5,090 Capital Adequacy Ratio(%) 21 20 26 20 Total Revenue (`) 198 211 142 704 Total Exp
Slide 69: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) Q1 FY 2021 Q1 FY 2020 FY 2020 Networth 1,063 1,008 1,053 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) Q1 FY 2021 Q1 FY 2020 FY 2020 Networth 10 10 10 68
Slide 70: 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