Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2020 Earnings Presentation
68 slides from Muthoot Finance's earnings presentation, Aug 12, 2019
Slide 1: Exchange cover letter: Investor Presentation Quarter ended June 30, 2019
Scrip Code: 533398 Symbol: MUTHOOTFIN Ref: SEC/MFL/SE/2019/3235 August 12, 2019 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Department of Corporate Services Plot no. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400 051 Dear S
Slide 2: Financial Results Q1 FY 2020
Financial Results Q1 FY 2020 June 2019 MUTHOOT FINANCE LIMITED
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 Ltd Gold Loans Holding Company Muthoot Homefin (India) Ltd Affordable Housing Finance 100.00 Belstar Investment and Finance Private Limited Microfinance 70.01 Muthoot Money Limited Vehicl
Slide 5: The Group: Snapshot of performance
THE GROUP Snapshot of performance Q1 FY 2020 Q1 FY 2019 YoY(%) FY 2019 Group Branch Network (Nos) 5,092 4,688 9 5,020 Consolidated Gross Loan Assets* of the Group (` in million) 402,276 339,538 18 383,036 Consolidated Profit of the Group (` in million) 5,633 5,176 9 21,030 Contribution in the Consol
Slide 6: The Group: Gross Loan Assets
THE GROUP Gross Loan Assets* of the Group (` in millions) Q1 FY 2020 Q1 FY 2019 FY 2019 YoY (%) Muthoot Finance Ltd 358,159 309,966 342,461 16 Muthoot Homefin (India) Ltd 19,875 16,210 19,075 23 Belstar Investment and Finance Private Limited 19,385 12,372 18,419 57 Muthoot Money Limited 3,927 - 3,10
Slide 7: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) Q1 FY 2020 Q1 FY 2019 FY 2019 YoY (%) Muthoot Finance Ltd 5,300 4,916 19,721 8 Muthoot Homefin (India) Ltd 62 105 363 (41) Muthoot Insurance Brokers Private Limited 27 24 150 13 Belstar Investment and Finance Private Limited 229 124 729
Slide 8: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS (` in millions) Particulars Q1 FY 2020 Q1 FY 2019 FY 2019 Income Interest Income 20,259 17,540 74,160 Service Charges 193 178 881 Sale of Services 54 65 230 Other Income 44 22 66 Income other than above 171 52 673 Total Income 20,721 17,857 76,010 Expenses Finance Cost
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars Q1 FY 2020 FY 2019 ASSETS Financial assets Cash and cash equivalents 10,867 20,057 Bank Balance other than above 3,366 1,978 Trade Receivables 219 217 Loans 406,018 387,225 Investments 2,255 2,111 Other Financial Assets 1,354 1,796 Non-Financial
Slide 10: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars Q1 FY 2020 FY 2019 LIABILITIES Financial Liabilities Trade Payables 1,305 1,664 Debt Securities 87,216 82,149 Borrowings(other than Debt securities) 221,108 211,314 Deposits 2,410 2,619 Subordinated Liabilities 4,577 5,193 Other Financial Liabil
Slide 11: 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 12: 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 24,000+ 200,000+ Team members Customers served every day ` 358,159 mn Loan Assets Under Management (
Slide 13: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 23.28 NSE Ticker 3.06 MUTHOOTFIN (%) Shareholding as on June 30, 2019 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on June 30, 2019) ` 258,373 million 73.65 11
Slide 14: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 120 100 60 60 60 First Interim Dividend (%) 120 100 60 40 40 Second Interim Dividend (%) - - - 20 - Final Dividend (%) - - - - 20 Dividend Payout Ratio (%) 24.36 22.48 20.30 29.50
Slide 15: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4502 branches across India (%) Branches region wise State wise Branch Network Jammu &Kashmir 7 16 Himachal 60 Pradesh East West Punjab 10 Chandigarh 8 189 Uttarakhand 16 North South Haryana 21 Delhi 134 216 Assam 31 Rajasthan (As of June 30, 2019) 142 Uttar
Slide 16: 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 17: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 17.5% of our active Gold loan Customers are transacting Online Muthoot Online iMuthoot App Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 10.3 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold
Slide 18: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Jun-19 Mar-19 Jun-18 Equity Share Capital 4,007 4,007 4,001 Other Equity 93,425 93,921 79,070 Total 97,432 97,928 83,071 16
Slide 19: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Jun-19 Mar-19 Jun-18 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 358,159 342,461 309,966 16 5 management Break-up of Gross Loan Assets under management Gold Loans un
Slide 20: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Jun-19 Mar-19 Jun-18 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures 4,254 5,351 7,645 (44) (21) (Muthoot Gold Bonds) Secured Non-Convertible Debentures- 79,134 75,147 70,966 12 5 Listed Borrowings f
Slide 21: Revenue & Profit
REVENUE & PROFIT Statement of Profit & Loss (` in millions) YoY Q1 FY 2020 Q1 FY 2019 Growth FY 2019 (%) INCOME Interest Income 18,274 16,108 13 67,570 Other than Interest Income 313 222 41 1,236 Total 18,587 16,330 14 68,806 EXPENSES Finance Cost 6,416 5,015 28 22,368 Employee benefit Expense 2,219
Slide 22: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 390 360 352 336 330 306 300 288 260 272 270 244 243 233 240 216 210 180 150 120 90 60 30 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Mar-19 Jun-19 *Principal amount of gold Loan assets 2
Slide 23: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 176 180 169 155 161 160 149 142 137 134 140 131 118 120 100 80 60 40 20 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Mar-19 Jun-19 21
Slide 24: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Mar-19 Jun-19 East 4 5 6 6 7 7 8 8 8 8 West 10 11 13 15 17 18 19 19 20 20 North 17 19 22 22 22 23 23 23 23 23 South 69 65 59 57 54 52
Slide 25: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 85 78.12 74.97 75 70.35 66.39 66.70 65 63.69 63.20 56.93 55.01 55 50.63 45 35 25 15 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Mar-19 Jun-19 *Principal amount of G
Slide 26: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 65 61 60 58 55 54 48 45 43 43 42 41 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Avg Monthly Disbursement Avg Monthly Collection Strong level of disbursements and collections 24
Slide 27: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 61% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 (upto Dec'18) 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid wit
Slide 28: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as Security 176 169 155 149 142 131 (Tonnes) Gold Price/gm (`) 3,126 2,910 2,8
Slide 29: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 22.34 21.43 22.21 21.63 22.00 20.27 22.00 21.35 21.66 19.31 20.87 20.00 20.00 19.72 18.00 18.00 16.00 15.29 14.47 16.00 14.68 14.00 13.54 12.74 14.00 11.69 11.38 12.00 10.84 10.47 12.00 9.79 10.00 10.65 10.27 8.69 10.00 9.
Slide 30: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 22.34 22.21 21.66 21.63 22.00 21.43 20.27 22.00 21.35 19.72 20.87 19.31 20.00 20.00 18.00 18.00 16.00 16.00 13.45 14.00 12.42 14.00 12.20 11.88 12.63 12.69 12.00 11.70 10.93 10.80 10.90 12.00 10.14 10.00 9.24 8.92 10.53 9.00 10.00 9.17
Slide 31: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 7.00 6.31 7.00 6.50 6.54 6.36 6.50 6.00 6.05 6.00 5.50 5.50 5.00 5.00 4.40 4.47 4.50 4.50 4.05 4.00 4.00 3.50 3.22 3.50 3.32 3.03 3.00 3.00 2.50 2.50 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Q1
Slide 32: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Jun-19 Mar-19 Jun-18 Stage III Loan Asset 11,474 9,326 8,835 % Stage III Asset on Gross Loan Asset 3.20 2.72 2.85 ECL Provision 6,896 6,359 5,892 ECL Provision as % of Gross Loan Assets 1.93 1.86 1.90 Excess Provision
Slide 33: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 4,254 mn (2%) 32 17 Secured Non-Convertible Debentures – Listed – ` 79,134 mn (28%) 28 Borrowings from Banks/Fis - ` 137,773 mn (49%) 1 Subordinated Debt – ` 246 mn (0%) Subordina
Slide 34: Credit Ratings
CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Amt of rating Rating Indicates (` in million) COMMERCIAL PAPER Very strong degree of safety with regard to timely CRISIL 50,000 CRISIL A1+ payment of financial obligation and carry lowest credit risk ICRA 50,000 ICRA A1+ Very
Slide 35: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 70,000 67,570 62,021 70,000 60,000 53,641 56,546 60,000 49,077 48,130 50,000 45,280 50,000 42,703 40,000 40,000 30,000 30,000 18,274 16,108 20,000 20,000 10,000 10,000 0 0 Q1 FY 2020* Q1 FY 2019* Mar-12 Mar-13 Mar-14 Mar-15 Ma
Slide 36: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 6.00 5.63 5.43 5.50 5.50 5.01 5.10 4.89 5.00 4.90 4.46 5.00 4.50 4.08 4.50 4.02 4.00 4.00 3.50 3.48 3.50 3.00 3.00 2.50 Mar-12 Mar-13 Mar-14 Mar-15 Ma
Slide 37: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q1 FY 2020* Q1 FY 2019* Employee Benefit Expenses 8,414 7,393 7,280 6,418 6,304 5,917 5,453 4,145 2,219 2,102 Rent 1,974 1,913 1,808 1,713 1,650 1,542 1,309 1,042
Slide 38: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q1 FY 2020* Q1 FY 2019* Employee Benefit Expenses 54 47 48 49 53 52 52 49 55 56 Rent 13 12 12 13 14 14 12 12 13 13 Advertisement & Publicity 7 5 3 5 5 6 5 10 5 8 Communication Costs 2 3
Slide 39: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Income) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q1 FY 2020* Q1 FY 2019* Interest expense to Gross 31.07 31.07 39.92 46.31 48.71 53.08 52.34 52.10 34.52 30.72 Income Selling, general and administrative expenses to 29.42 29.42 3
Slide 40: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q1 FY 2020* Q1 FY 2019* Assets) Interest income to avg. loan 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.34 20.87 21.35 assets Interest expense to avg. loan 7.16 6.92 8.69
Slide 41: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 32,000 30,768 32,000 30,000 28,447 30,000 28,000 28,000 26,000 26,000 24,000 24,000 22,000 19,721 22,000 20,000 19,210 20,000 18,000 18,000 16,000 15114 17,776 16,000 14,000 13312 13,168
Slide 42: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,10,000 97,928 97,432 1,00,000 90,000 83,071 78,120 80,000 70,000 65,164 56,192 60,000 50,835 50,000 37,356 42,646 40,000 29,257 30,000 20,000 10,000 0 Mar 12 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar-18* Jun-18* Ma
Slide 43: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 30 50 24.39 25 45 41.90 21.70 40 20 35 30.15 15 30 24.81 22.40 25 10 19.50 19.44 20 14.35 15.13 5 15 10 0 Mar 12 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Q1 FY 2020* Q1 FY 2019* *Under I
Slide 44: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Jun-19 Mar-19 Jun-18 Capital Adequacy Ratio 24.72 26.12 25.89 Tier-I 24.33 25.68 25.23 Tier-II 0.39 0.44 0.66 42
Slide 45: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2020 Q1 FY 2019 FY 2019 Earnings per share (`) - Basic 13.23 12.29 49.27 - Diluted 13.20 12.24 49.18 Jun-19 Mar-19 Jun-18 Book Value per share (`) 243.02 244.27 207.44 Market price per share (`)** 644.8 615.6 379.5
Slide 46: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Jun-19 Mar-19 Jun-18 Outside Liabilities 292,619 282,759 254,559 Cash & Bank Balances 10,829 17,355 8,009 Tangible Networth 97,376 97,868 82,996 Capital Gearing 2.89 2.71 2.97 44
Slide 47: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26000 25351 24881 25012 25000 24644 24205 24224 24000 23623 23455 22882 22781 23000 22000 21000 20000 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Mar-19 Jun-19 45
Slide 48: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 49: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014 . As on June 30, 2019, total holding in AAF stood at 90 million equity shares representing 72.92% of their total capital. The loan portfolio stand
Slide 50: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 48
Slide 51: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Puthukkudiyiruppu Ragala Chenkaladi Nawalapitiya Gampola Kalutara (SC) Thalawakele 49
Slide 52: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 LKR / INR 0.389803 0.39578 0.43263 0.39578 Number of branches 24 23 17 23 Number of Employees 559 553 493 553 Loan AUM (LKR) 12,904 12,569 10,680 12,569 Capital Adequacy Ratio (%) 21 19 22 19 Total Revenu
Slide 53: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 51
Slide 54: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 55: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 Number of branches 101 96 70 96 Number of Sales Offices 132 132 132 132 Number of Employees 401 382 243 382 Loan AUM (`) 19,875 19,075 16,210 19,075 Capital Adequacy Ratio (%) 45 47 28 47 Total Revenue (`) 620
Slide 56: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 Disbursement (`) 1,094 1,738 1,860 6,543 Borrowings (`) 16,022 15,420 14,394 15,420 Debt Equity Ratio (%) 3.99 3.91 6.59 3.91 Yield on Advances (%) 12.70 12.65 12.09 12.22 Interest Spread (%) 3.36 3.45 3.53 3.3
Slide 57: Financial Highlights and Growth
• Disbursements in Q1 FY 2020: Rs 1,094 mn. Loan Book as on June 30, 2019: Rs 19,875 mn • Average Ticket Size in Q1 FY 2020: Rs.1.05 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, Haryana ,Chandigarh ,D
Slide 58: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 56
Slide 59: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 60: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 Premium Collection (` ) 606 887 495 2,676 Number of Policies 4,41,204 6,78,567 4,50,376 22,40,560 Key Financial Parameters (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 Total Revenue (
Slide 61: Our Subsidiary: Belstar Investment and Finance
® OUR SUBSIDIARY Muthoot Finance &y BELSTAR INVESTMENT AND FINANCE PRIVATE LIMITED A Subsidiary of Muthoot Finance Limited 59
Slide 62: Belstar Investment and Finance – An Overview
BELSTAR INVESTMENT AND FINANCE – AN OVERVIEW As of June 2019 , Muthoot Finance holds 70.01% in BIFPL . BIFPL 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 ef
Slide 63: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 Q1 FY 2019 FY 2019 Number of Branches 441 400 257 400 Number of Employees 3,309 2,876 2,046 2,876 Gross Loan AUM (`) 19,385 18,419 12,372 18,419 Capital Adequacy Ratio (%) 23 26 15 26 Total Revenue (`) 1,079 1,069 739 3,681 T
Slide 64: Our Subsidiary
OUR SUBSIDIARY 62
Slide 65: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recently , Co
Slide 66: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars Q1 FY 2020 Q4 FY 2019 FY 2019 Number of branches 24 21 21 Number of Employees 245 247 247 Gross Loan AUM (`) 3,927 3,107 3,107 Capital Adequacy Ratio(%) 26 32 32 Total Revenue (`) 142 90 156 Total Expense (`) 132 57 149 Profit Befor
Slide 67: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) Q1 FY 2020 FY 2019 Networth 1,008 512 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) Q1 FY 2020 FY 2019 Networth 10 1 65
Slide 68: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional