Muthoot Fin
Muthoot Finance stock price had hit a high on the back of its very good performance for Q1FY17. It has registered an increase in net profit of 48% (YoY) at Rs.270 crore. Retail loans registered an increase of Rs.1481crore, translating into an increase in growth rate by 48%. AUM has increased by 6% at Rs.25860crs at the end of June 30,2016 as against Rs.24409crs last year.
It currently has 4294 branches and its return on average retail loans has improved from 3.06% to 4.30%. CAR stands at 24.27%. Its gold loan outstanding as at 30th June 2016 stands at Rs.25,822 crore, up 6% with the average gold loan per branch at Rs.6 crore.
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all.