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India`s Muthoot Finance misses Q4 profit view as expenses jump Muthoot Finance Ltd reported a smaller-than-expected fourth-quarter profit on Friday, as demand for loans dropped amid weak macroeconomic environment. The gold financing company reported a profit of 9.03 billion rupees ($110.42 million) for the three months ended March 31, down from 9.60 billion rupees a year earlier, it said in an exchange filing. Analysts on average were expecting a profit of 9.46 billion rupees, according to Refinitiv IBES data. The gold loan industry has continue...
India`s Muthoot Finance misses Q4 profit view as expenses jump
India`s Muthoot Finance misses Q4 profit view as expenses jump
Source: Reuters
19/05/2023 6:01:36 PM
Add Muthoot Finance Ltd For Target Rs.1,270 - Yes Securities Core trends remain subdued Muthoot Finance’s delivered 4% earnings miss in Q3 FY23, despite 2% NII/PPOP beat, due to higher provisions in gold loan and other businesses. On key franchise metrics, the performance of GL segment was mixed with a) flat customer base and marginal fall in tonnage, b) further moderation in pace of new customer acquisition, existing customer activation and subsequent loans to active customers, c) mild 0.6% qoq AUM growth aided by favourable price movement, d...
Add Muthoot Finance Ltd For Target Rs.1,270 - Yes Securities
Add Muthoot Finance Ltd For Target Rs.1,270 - Yes Securities
Source: Yes Securities Ltd
8/02/2023 3:00:12 PM
Neutral Muthoot Finance Ltd For Target Rs.1,250 - Motilal Oswal Financial Services Growth visibility lacking; NIM compression led to the earnings miss * MUTH’s standalone PAT declined by 17% YoY to ~INR8b (23% miss), led by a compression of ~220bp YoY in NIM and the annualized OPEX/AUM ratio remaining elevated at 3.8% (PY: 3%). * For MUTH, 1QFY23 was characterized by: a) a 2.4% QoQ decline in Gold AUM, led by auctions of ~INR13.7b (FY22: INR52b), and some closure of teaser-rate customer accounts, who were migrated to higher interest rates; b) ~180bp QoQ decline ...
Neutral Muthoot Finance Ltd For Target Rs.1,250 - Motilal Oswal Financial Services
Neutral Muthoot Finance Ltd For Target Rs.1,250 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
16/08/2022 12:43:16 PM
Buy Muthoot Finance Ltd For Target Rs.1425 - Religare Broking Derivative Ideas MUTHOOTFIN gained 2.03% and closed at 1386.3 on 2nd Mar. The stock after taking the support at 1300 levels shown good up move. The counter has given a breakout above 1370 with Fresh Longs added in its FUT. Minor resistance at 1400, crossing above that, MUTHOOTFIN is poised to test 1450 levels. We recommend to go Long in MUTHOOTFIN. Strategy:- BUY MUTHOOTFIN @ 1365-1375, SLOSS AT 1330, TRGT 1425.   To Read Complete Report & Disclaimer Click Here &n...
Buy Muthoot Finance Ltd For Target Rs.1425 - Religare Broking
Buy Muthoot Finance Ltd For Target Rs.1425 - Religare Broking
Source: Religare Broking Ltd
3/03/2022 11:03:08 AM
Stock Picks - Bajaj Auto ​​​​​​​Ltd and Muthoot Finance Ltd By ICICI Direct Bajaj Auto Buy Bajaj Auto Ltd @ 3593.00-3597.00 CMP 3596.60 TGT 3661.00 SL 3558.40   Muthoot Finance   Buy Muthoot Finance Ltd @ 1357.00-1359.00 CMP 1354.70 TGT 1331.40 SL 1371.60     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for informatio...
Stock Picks - Bajaj Auto ​​​​​​​Ltd and Muthoot Finance Ltd By ICICI Direct
Stock Picks - Bajaj Auto ​​​​​​​Ltd and Muthoot Finance Ltd By ICICI Direct
Source: ICICI Direct
16/02/2022 2:34:15 PM
Buy Muthoot Finance Ltd For Target Rs.2,075 - Yes Securities ‘Growth recovers without further giving away margins’ Our view Muthoot Finance’s stronger-than-expected gold AUM growth of 5% qoq/18% yoy assumes significance as it was characterized by granularity (3.4% qoq customer franchise growth and 4.1% qoq gold tonnage growth), market share gains (many competing banks & NBFCs witnessed -2% to +2% gold loan portfolio movement in Q2 FY22) and low auctions at Rs2.2bn (amid fears of much higher auctions due to sharp gold price c...
Buy Muthoot Finance Ltd For Target Rs.2,075 - Yes Securities
Buy Muthoot Finance Ltd For Target Rs.2,075 - Yes Securities
Source: Yes Securities Ltd
9/11/2021 9:22:23 AM
Muthoot Finance declares interim dividend of 200% Kochi, April 14, 2021: Muthoot Finance Ltd, India`s largest gold loan company on April 12, 2021  declared an interim dividend of 200% ie., Rs.20 per share of Rs.10 face value for the financial year 2020-21.The dividend will be paid to the shareholders on or before May 11, 2021. This will involve a dividend payout of Rs.802crs. For previous financial year , Company had paid a dividend of 150% ie., Rs.15 per share. The Record Date for reckoning the shareholders who shall be entitled t...
Muthoot Finance declares interim dividend of 200%
Muthoot Finance declares interim dividend of 200%
Source: Muthoot Finance Ltd
14/04/2021 3:30:27 PM
Muthoot Homefin aims to disburse Rs 700 cr home loans in FY22 Muthoot Homefin aims to disburse home loans worth Rs 700 crore in the upcoming financial year (FY2021-22). In a statement, the company said that over the past five years since its inception, Muthoot Homefin has disbursed over Rs 2,600 crore home loans. Currently, it has assets under management (AUM) of Rs 1,800 crore with operations in 16 states and Union territories of India serving more than 22,000 customers. "For the coming year, in addition to further penetration into the exist...
Muthoot Homefin aims to disburse Rs 700 cr home loans in FY22
Muthoot Homefin aims to disburse Rs 700 cr home loans in FY22
Source: IANS
21/02/2021 2:56:19 PM