Below is the Quote On Q4FY20 of Muthoot Finance by Mr. Jaikishan Parmar, Sr. Equity Research Analyst, Angel Broking Ltd.
“Muthoot Finance reported a good set of numbers for Q4FY20 despite tough market conditions. The company reported an improvement in consolidated AUM growth to 22% YoY. NII grew by 29% YoY (+1% QoQ) driven by strong AUM growth while NIM declined marginally QoQ to 15.78% as yields declined at a faster pace as compared to cost of funds. PBT grew by 38% YoY due to Lower provision while PAT grew by 59% YoY. In this tough environment, management is targeting a growth of 15% in its core gold loan book for FY20. Stage III loan assets declined by 34bps QoQ to 2.16%, with NPA never a worry for gold loan. Recent increase in gold prices also provide comfort on asset quality.”
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