{
Muthoot Finance Limited

Companies

}
Belstar Microfinance IPO delayed by a year amid sector stress
Belstar Microfinance's IPO may be postponed by three to four quarters due to ongoing stress in the microfinance sector, according to Muthoot Finance MD George Alexander Muthoot. Despite receiving SEBI approval for a fresh issue of Rs 1,000 crore and an offer for sale of Rs 300 crore, the company has reported a decline in net profit and flat growth in recent quarters. Muthoot anticipates that the sector will improve, allowing for a potential IPO in the future.
Moneycontrol
Indian Rupee Muthoot Finance Limited IND George Alexander Muthoot
Finance & Economy, Market Report
12:55 22.11.2024
Muthoot Finance reports strong growth but faces valuation concerns
Muthoot Finance reported a strong 2QFY25, with gold loan growth of ~28% YoY to ~INR862b and a stable NIM of ~11.8%. PAT increased 26% YoY to ~INR12.5b, while net total income rose 34% YoY to ~INR25.8b. Despite these positives, valuations suggest limited upside, leading to a Neutral rating with a target price of INR1,815.
Moneycontrol
Indian Rupee Muthoot Finance Limited IND
Finance & Economy, Market Report
11:00 19.11.2024
Muthoot Finance shares surge as gold loan demand drives record AUM growth
Muthoot Finance shares surged nearly 8% following a strong quarterly profit and a milestone of over Rs 1 lakh crore in assets under management (AUM), driven by a significant demand for gold loans amid tighter RBI regulations on unsecured lending. The company's gold loan AUM reached a record Rs 86,164 crore, with most loans repaid within six months. Analysts from Bernstein and Morgan Stanley have expressed positive outlooks on the stock, citing improved market conditions despite some sectoral concerns.
Moneycontrol
Indian Rupee Muthoot Finance Limited IND Morgan Stanley Bernstein George Alexander Muthoot Show more
Finance & Economy, Market Report
08:46 18.11.2024
Muthoot Finance reports strong growth and maintains buy rating with target price
Muthoot Finance reported a robust quarter with a 6.5% QoQ and 28% YoY growth in its gold book, alongside a 26% YoY increase in PAT despite higher provisions. The company raised its growth guidance to 25% for FY25E, driven by strong customer acquisition in the gold lending sector. Dolat Capital Market maintains a 'BUY' rating with a target price of Rs 2150, citing the firm's strong brand and low operational expenses.
Moneycontrol
Indian Rupee Muthoot Finance Limited IND
Finance & Economy, Market Report
04:13 18.11.2024
brokerage updates hero motocorp target while muthoot finance receives upgrade
Jefferies has reduced its target for Hero MotoCorp to ₹5,500 per share, citing in-line Q2 results and concerns over market share decline and demand shifts. Meanwhile, Nomura maintains a buy call with a target of ₹5,805, highlighting rural market improvements and potential for margin growth as new EV models are introduced. Both firms expect strong double-digit growth in India's 2-wheeler market over the next three years.
Moneycontrol
Indian Rupee Hero MotoCorp Limited Muthoot Finance Limited
Finance & Economy, Market Report
03:41 18.11.2024
Muthoot Finance reports 26 percent rise in Q2 net profit to 1251 crore
Muthoot Finance reported a 26% increase in net profit for Q2, reaching Rs 1,251.1 crore, up from Rs 991 crore in the same quarter last year. Total revenue from operations rose to Rs 4,117.4 crore, compared to Rs 3,059.67 crore a year earlier. The board also approved an additional equity infusion of Rs 500 crore into its subsidiary, Muthoot Money Ltd.
Moneycontrol
Indian Rupee Muthoot Finance Limited IND
Finance & Economy, Market Report
16:00 14.11.2024
over 900 companies report q2 results amid mixed earnings outlook
Muthoot Finance reported a 26.25% increase in standalone profit to Rs 1,251.14 crore for Q2 FY25, with revenue from operations rising 34.57% to Rs 4,117.44 crore. In contrast, Surya Roshni faced challenges, posting a 55.06% profit drop to Rs 34.16 crore amid seasonal and geopolitical pressures, despite a focus on operational efficiency and market expansion.
Financialexpress
Indian Rupee Bharat Forge Limited Eicher Motors Limited Hindustan Aeronautics Limited Muthoot Finance Limited IND Raju Bista Vipul Bhowar George Jacob Muthoot Show more
Finance & Economy, Market Report
05:45 14.11.2024
companies report mixed q2 earnings as market sentiment adjusts
On November 14, 1,181 companies, including Hero MotoCorp, HAL, and Glenmark, are set to report their Q2 earnings, reflecting diverse sectoral trends. Eicher Motors achieved record revenue despite a slight sales volume decline, while Vodafone Idea reported a narrowed net loss amid a shrinking subscriber base. The market showed signs of recovery after recent declines, with the BSE Sensex and Nifty 50 gaining points in early trading.
@bsindia
Indian Rupee Muthoot Finance Limited Hindustan Aeronautics Ltd (HAL) Vodafone Idea Limited Glenmark Pharmaceuticals Limited Delhivery Limited Eicher Motors Limited Grasim Industries Ltd Hero MotoCorp Limited EaseMyTrip Thomas Cook (India) Limited Bharat Forge Limited IND Show more
Finance & Economy, Market Report
05:38 14.11.2024
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