Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2020 Earnings Presentation
70 slides from Muthoot Finance's earnings presentation, March 2020
Slide 1: Financial Results Q4 FY 2020
Financial Results Q4 FY 2020 March 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: 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 Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance 100.00 A
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance FY 2020 FY 2019 YoY(%) Group Branch Network (Nos) 5,330 5,020 6 Consolidated Gross Loan Assets* of the Group (` in million) 468,705 383,036 22 Consolidated Profit of the Group (` in million) 31,687 21,030 51 Contribution in the Consolidated Gross Loan Assets* of the
Slide 5: The Group: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) FY 2020 FY 2019 YoY (%) Muthoot Finance Ltd 416,106 342,461 22 Muthoot Homefin (India) Ltd 19,769 19,075 4 Belstar Microfinance Limited 26,310 18,419 43 Muthoot Money Limited 5,090 3,107 64 Asia Asset Finance PLC 5,380 4,974 8 Less: Intra-Gro
Slide 6: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2020 FY 2019 Muthoot Finance Ltd 30,183 19,721 Muthoot Homefin (India) Ltd 318 363 Muthoot Insurance Brokers Private Limited 104 150 Belstar Microfinance Limited 990 729 Muthoot Money Limited 27 3 Asia Asset Finance PLC 28 41 Muthoot
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars FY 2020 FY 2019 ASSETS Financial assets Cash and cash equivalents 58,348 20,057 Bank Balance other than above 2,959 1,978 Derivative Financial Instruments 3,449 - Trade Receivables 90 217 Loans 470,677 387,263 Investments 6
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars FY 2020 FY 2019 LIABILITIES Financial Liabilities Trade Payables 2,220 1,664 Debt Securities 102,827 82,149 Borrowings(other than Debt securities) 300,115 211,314 Deposits 2,560 2,619 Subordinated Liabilities 3,850 5,193 Le
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) Particulars FY 2020 FY 2019 Income Interest Income 94,177 74,160 Service Charges 943 881 Sale of Services 191 230 Other Income 233 66 Income other than above 1,528 673 Total Income 97,072 76,010 Expenses Finance Cost 31,728 25,355 Impairment of Financia
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 29 176 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 ` 416,106 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.66 NSE Ticker 3.75 MUTHOOTFIN (%) Shareholding as on March 31, 2020 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on March 31,2020) ` 245,896 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 4567 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 144 182 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: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 18.5% 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 19 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold Lo
Slide 17: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars FY 2020 FY 2019 ASSETS Financial assets Cash and cash equivalents 55,046 17,135 Bank Balance other than above 1,360 220 Derivative Financial Instruments 3,449 - Trade Receivables 47 161 Loans 426,042 349,329 Investments 14,38
Slide 18: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars FY 2020 FY 2019 LIABILITIES Financial Liabilities Trade Payables 2,185 1,634 Debt Securities 99,619 79,870 Borrowings(other than Debt securities) 268,706 184,174 Subordinated Liabilities 2,976 4,287 Other Financial Liabilitie
Slide 19: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY FY 2020 FY 2019 Growth Q4 FY 2020 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 (%) INCOME Interest Income 85,644 67,570 27 23,506 22,806 21,057 18,274 Other than Interest Income 1,584 1,236 28 520 403 348 313 Total 87,228 68,806 27 24,026 23,209
Slide 20: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Equity Share Capital 4,010 4,010 4,007 4,007 4,007 Other Equity 111,708 110,004 101,979 93,425 93,921 Total 115,718 114,014 105,986 97,432 97,928 19
Slide 21: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Mar-20 Dec-19 Sep-19 Jun-19 Mar- 19 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Gross loan assets under 416,106 384,982 357,305 358,159 342,461 22 8 management
Slide 22: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 3,236 3,473 3,869 4,254 5,351 (40) (7) (Muthoot Gold Bonds) Secured Non-Convertible De
Slide 23: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 450 408 420 377 390 360 352 349 336 330 300 288 272 270 260 233 243 240 216 210 180 150 120 90 60 30 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 *Principal amount of
Slide 24: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 173 176 180 176 171 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-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 Sep-19 Dec-19 Mar-20 East 5 6 6 7 7 8 8 8 9 9 9 West 11 13 15 17 18 19 20 20 20 20 19 North 19 22 22 22 23 23 23 23 23 23 23 South 65
Slide 26: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 95 89.28 83.17 85 78.12 76.96 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 Sep-19 Dec-19 Mar-20 *Princ
Slide 27: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 98 91 87 82 68 69 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 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 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 407 377 349 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as 176 173 171 176 169 155 149 142 131 Securi
Slide 30: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.58 24.00 23.03 23.55 24.00 23.47 21.66 22.21 21.63 22.00 21.43 22.00 19.72 20.87 20.00 19.31 20.00 20.27 18.00 18.00 16.93 16.00 15.52 15.78 16.05 15.29 14.47 16.00 14.00 13.54 12.74 14.00 11.38 12.00 10.84 10.47 12.00 9.52 10.00 1
Slide 31: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.58 24.00 23.03 24.00 23.47 23.55 21.66 21.43 22.21 21.63 22.00 22.00 20.27 20.87 19.31 19.72 20.00 20.00 18.00 18.00 16.00 16.00 15.39 14.04 14.74 14.25 14.00 13.45 14.00 12.42 12.63 11.88 12.00 12.00 11.70 10.93 10.80 10.9010.53 10.00 9.24 9.0
Slide 32: 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 8.11 8.78 9.00 8.00 8.13 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* Q4 FY 2020
Slide 33: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Stage III Loan Asset 8,992 9,769 12,267 11,474 9,326 % Stage III Asset on Gross Loan Asset 2.16 2.54 3.43 3.20 2.72 ECL Provision 5,427 7,178 7,014 6,896 6,359 ECL Provision as % of
Slide 34: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 3,236 mn (1%) 1 3 10 Secured Non-Convertible Debentures – Listed – ` 96,840 mn (26%) 26 Borrowings from Banks/Fis - ` 145,775 mn (39%) 20 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 85,644 1,00,000 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 23,506 22,806 21,057 20,000 18,274 20,000 0 0 Q4 FY 2020* Q3 FY 2020* Q2 FY 2020* Q1 FY 2020* Mar-13 Mar-14 Ma
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 5.01 5.10 5.50 4.89 5.18 5.00 4.68 5.00 4.78 4.46 4.64 4.50 4.47 4.08 4.50 4.00 4.00 3.50 3.50 3.00 3.00 2.50 Mar-13 Mar-14 Mar-15
Slide 39: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q4 FY Q3 FY Q2 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2020* 2020* 2020* 2020* Employee Benefit 9,640 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,666 2,504 2,251 2,219 Expenses Rent 2,158 1,974
Slide 40: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2020* 2020* 2020* 2020* Employee Benefit 51 54 47 48 49 53 52 52 50 49 53 55 Expenses Rent 12 13 12 12 13 14 14 12 10 11 13 13 Advertisement & Publicity 6 7 5 3
Slide 41: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2020* 2020* 2020* 2020* Interest expense to Gross 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 32.05 30.57 31.30 34.52 Income Selling, general and adm
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 Q4 FY Q3 FY Q2 FY Q1 FY Assets) 2020* 2020* 2020* 2020* Interest income to avg. loan 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 23.47 24.58 23.55 20.87 assets Interest
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 1,20,000 114,014 115,718 105,986 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-
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 33.74 35 35 29.64 30.15 28.26 30 28.39 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 Q4 F
Slide 46: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Capital Adequacy Ratio 25.47 26.51 27.11 24.72 26.05 Tier-I 24.30 26.18 26.74 24.33 25.61 Tier-II 1.17 0.33 0.37 0.39 0.44 45
Slide 47: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2020 FY 2019 Q4 FY 2020 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 Earnings per share (`) - Basic 75.31 49.27 20.33 20.34 21.41 13.23 - Diluted 75.21 49.18 20.32 20.32 21.37 13.20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Book Value p
Slide 48: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Outside Liabilities 388,878 339,678 295,139 292,619 282,759 Cash & Bank Balances 56,405 28,301 23,064 10,829 17,355 Tangible Networth 115,668 113,957 105,934 97,376 97,868 Capital Gearing 2.87 2.
Slide 49: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26000 25554 25012 25091 25149 25000 24881 24644 24205 24224 24000 23455 22882 22781 23000 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 4
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 March 31,2020, 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 FY 2020 FY 2019 INR/LKR 0.388758 0.395775 Number of branches 29 23 Number of Employees 495 553 Loan AUM (LKR) 13,839 12,569 Capital Adequacy Ratio (%) 17 19 Total Revenue (LKR) 3,332 2,869 Total Expense (LKR) 3,239 2,775 Profit Before Tax (LKR)
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 FY 2020 FY 2019 Number of branches 107 96 Number of Sales Offices 107 132 Number of Employees 412 382 Loan AUM (`) 19,769 19,075 Capital Adequacy Ratio (%) 52 46 Total Revenue (`) 2,876 2,257 Total Expense (`) 2,452 1,746 Profit Before Tax (`) 424 511
Slide 58: Business Performance
Business Performance (` in millions) Particulars FY 2020 FY 2019 Disbursement (`) 4,127 6,543 Borrowings (`) 14,185 15,420 Debt Equity Ratio (%) 3.33 3.91 Yield on Advances (%) 11.77 12.22 Interest Spread (%) 2.29 3.36 NIM (%) 4.40 5.35 Cost to Income Ratio (%) 36.06 26.10 Return on Assets (ROA) (%)
Slide 59: Financial Highlights and Growth
• Disbursements in FY 2020: Rs 4,127 mn. AUM as on Mar 31, 2020: Rs. 19,769 mn, Loan Book as on Mar 31, 2020: Rs 17,486 mn. • Direct assignment of Rs 2500 mn done in FY 2020. Financial • Average Ticket Size in FY 2020: Rs.0.94 mn Highlights • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhy
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 and Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2020 FY 2019 Premium Collection (` ) 3,232 2,676 Number of Policies 28,06,336 22,40,560 Key Financial Parameters (` in millions) Particulars FY 2020 FY 2019 Total Revenue (`) 237 251 Total Expense (`) 97 36 Profit Before Tax (`) 141 215 Profit A
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 March 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 effectiv
Slide 65: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2020 FY 2019 Number of Branches 603 400 Number of Employees 4,425 2,876 Gross Loan AUM (`) 26,310 18,419 Capital Adequacy Ratio (%) 26 26 Total Revenue (`) 5,007 3,681 Total Expense (`) 3,675 2,650 Profit Before Tax (`) 1,332 1,031 Profit After
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: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2020 FY 2019 Number of branches 24 21 Number of Employees 304 247 Gross Loan AUM (`) 5,090 3,107 Capital Adequacy Ratio(%) 20 32 Total Revenue (`) 704 156 Total Expense (`) 665 149 Profit Before Tax (`) 39 7 Profit After Tax (`)
Slide 69: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2020 FY 2019 Networth 1,053 512 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2020 FY 2019 Networth 10 1 68
Slide 70: Registered Office and Contact
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