MUTHOOT MICROFIN Q4 RESULTS
Muthoot Microfin to stay on the radar with a few tailwinds
A part of Muthoot Pappachan Group, the company provides micro loans to women with a focus on rural areas. It had 1,508 branches in 353 districts across 18 states of India as of March 2024. Its AUM grew by 32.4% year-on-year to ₹12,193.5 crore in FY24.
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements.
Muthoot Finance's AUM grows 25% to Rs 89,079 cr in FY24
Muthoot Finance's consolidated assets under management surged 25% YoY to Rs. 89,079 crores in FY24, with a 22% YoY increase in profit after tax to Rs. 4,468 crores. The chairman emphasized a pivot towards non-gold loan growth and digital strategies, aiming to boost subsidiaries' contribution and expand into diverse financial sectors.
Muthoot Finance shares rally 4% post Q4 results. Should you invest?
Muthoot Finance Share Price: Muthoot Finance shares surged by 4.3% on Friday on the BSE, reaching a day's high of Rs 1,745. This uptick followed the company's announcement of a profit after tax of Rs 1,056 crore, marking a 17% year-on-year (YoY) increase compared to Rs 903 crore reported for the corresponding period last year.
Q4 results today: Apollo Hospitals among 895 companies to announce earnings on Thursday
Fourth quarter earnings season is wrapping up with 895 companies reporting results on Thursday. Investors keenly await Apollo Hospitals' results, expecting robust growth driven by improved ARPOB and HealthCo operations. Analysts predict up to a 68% YoY increase in net profit, with sales expected to rise by 13%.
GIFT Nifty down 60 points; here's the trading setup for today's session
"On the domestic front, though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it's advisable to traders to stay on the sidelines and not get too aggressive. The weak global cues are further adding to the nervousness and thus markets are likely to remain weak in near future," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
Manappuram Finance Q4 Results: Profit beats Street estimates on healthy loan growth
Indian gold-loan provider Manappuram Finance reported a better-than-expected fourth-quarter profit on Friday, helped by strong loan growth at both its gold and non-gold segments.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Improving asset quality, reach to keep Jana SFB on growth path
JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expanding the portfolio of secured loans. At the end of March 2024, its total loan book was worth Rs 24,746 crore.
Muthoot Finance and Manappuram Finance shares tank up to 9% after RBI advisory
Muthoot Finance and Manappuram Finance shares dropped 8-9% on BSE following an RBI advisory on cash disbursal of loans. The RBI instructed NBFCs to comply with the Income Tax Act, limiting cash disbursement to Rs 20,000.
Paytm shares plummet 5%, hit all-time low as lending partners invoke loan guarantees
Paytm Share Price: Paytm shares plummeted to an all-time low after Aditya Birla Finance invoked loan guarantees due to repayment defaults. Other partners like Piramal Finance and Clix Capital have also terminated their partnerships, reflecting stress in Paytm's lending business amidst regulatory actions and market conditions.
CreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion
The lender’s pre-provision operating profit was 36% higher at Rs 683 crore, helped by 34% rise in net interest income at Rs 922 crore. Total income rose 37% year-on-year at Rs 1,459 crore.
Muthoot Microfin Q4 Results: Profit jumps 27% to Rs 120 crore
Muthoot Microfin Q4 Results: The non-banking financial company-micro finance institution (NBFC-MFI), which is a part of the Kerala-based Muthoot Pappachan group, saw its gross loan portfolio expanded by 32.4% year-on-year to Rs 12,194 crore while it reported the highest ever disbursement of Rs 10,661.59 crore.
Fusion MicroFinance Q4 results: Net profit up 16% to Rs 133 crore
Fusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy return ratios and overall robust operational and financial metrics," managing director Devesh Sachdev was quoted as saying in a note issued by the company.
Stocks in news: PB Fintech, Dr Reddy's, HPCL, Godrej Consumer, LTIMindtree
Pharma company Lupin on Monday reported 52% year-on-year growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024.
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list:
Spandana Sphoorty Financial Q4 Results: Net profit rises 22% YoY to Rs 129 crore
Its quarterly net interest margin, a key profitability metrics, improved to 14.6% from 13.9% seen in the year ago quarter. This was helped by a lower incremental cost of borrowing to 11.7% for the quarter while the average cost of funds was 12.2% for FY24.
Turnaround after battling many headwinds? 4 microfinance stocks with upside potential of up to 38% in next one year
Right from the Covid-19 crisis to the tightening of regulatory requirements on capital in a short span and increasing competition, all these three headwinds hit the microfinance industry in one go. The result, the stocks that at one point in time were getting high valuations cracked sharply and underperformed. This is how the journey of the last few years of microfinance companies can be described. However, given the fact that they are the lender to the most marginalized section of society where the requirement of capital is always high, these companies have been able to manage and have been able to survive though growth has not been as expected. In any sector, the phase of headwinds comes at the face where two things tend to happen. First, few players get more attention on the street second the upward journey of stocks is slightly more volatile in the initial phase of recovery.
AU Small Finance Bank Q4 Results: Profit falls 13% YoY to Rs 371 crore
The bank has taken a one-time pre-tax exceptional impact of Rs 77 crore in the fourth quarter towards Fincare merger-related expenses including stamp duty. The bank’s board has recommended a dividend of Re 1 per equity share of face value of Rs 10 for FY24.
NBFCs' Q4 profit may surge 15% on strong loan growth, asset quality
The full impact of the Reserve Bank of India's (RBI) increase in risk weights on consumer credit for banks and NBFCs, which was announced in November last year, is also likely to be felt this quarter impacting profitability and growth for small-ticket loans for personal consumption.
Jana Small Finance Bank Q3 Results: Net profit rises 13% YoY to Rs 135 crore
The bank, which was listed on the bourses at a 4.4% discount to the IPO price of Rs 414 on February 14, said that its total income for the quarter was 20% higher at Rs 1178 crore.
Earnings season ends today. M&M, Muthoot Finance among 620 companies to announce Q3 results
Among other important results will be those Aditya Birla Fashion and Retail (ABFRL), Crompton Greaves Consumer Electricals, Eureka Forbes, IPCA Laboratories, KPI Green Energy, Liberty Shoes, Natco Pharma, National Fertilizers, Narayana Hrudayalaya, PTC India, Rajesh Exports, Rana Sugars, Reliance Capital, Sun TV Network and Wockhardt.
Fusion MicroFinance Q3 Results: Net profit surges 23% YoY to Rs 126 crore
The net interest margin for the quarter improved to 11.54%, a good 118 basis points higher than what it was in the same quarter last fiscal. The lender's total income for the quarter was 32% higher at Rs 613 crore while net interest income rose 36% at Rs 337 crore.
Muthoot Microfin shares rally 14% after Q3 profit jumps 119% YoY
"Our assets under management have grown 5% q-o-q and 39% y-o-y to Rs 114,581.37 million, with PAT soaring by 119% y-o-y to Rs 1,245.7million
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Positive sentiment around IPO should sustain, says Ashi Anand
"The IPO market is clearly very hot. Given the fact that these are primary issuances, I would rather not speak about specific IPOs. But I think given the fact that market sentiment is overall very strong, retail participation is aggressive, small and midcaps are kind of doing very well."
Muthoot Finance shares crack over 7% post Q2 results. What should investors do?
The company achieved its highest growth in the first half of FY24 in both loan and gold assets. The loan assets grew 21% YoY or Rs 11,771 crore while the lender's gold loan assets increased by Rs 11,016 crore or 20% over the year-ago period.
Muthoot Microfin Q2 Results: Net profit jumps 25-fold to Rs 110 crore
Its interest income rose to Rs 476 crore as compared with Rs 297 crore earlier.
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