Thrifts and Mortgage Finance
Company Overview of Muthoot Fincorp Limited
Muthoot Fincorp Ltd., a non-banking finance company, provides financial services. It offers gold, home, and auto loans; loans against property; investment products, such as bonds and debentures; and advisory services, such as insurance advisory services. The company also offers money transfer, foreign exchange, and travel related services. It serves the financial needs of retail and institutional customers through a network of branches in India. Muthoot Fincorp Ltd. has strategic alliances with Western Union Money Transfer, Motilal Oswal, and Franklin Templeton. The company was incorporated in 1997 and is based in Cochin, India. Muthoot Fincorp Ltd. operates as a subsidiary of Muthoot Pappac...
Cochin, 682 035
Founded in 1997
Key Executives for Muthoot Fincorp Limited
Vice President of Finance & Accounts and Member of Asset Liability Management Committee
Executive Vice President and Member of CSR Committee
Compliance Officer and Company Secretary
Compensation as of Fiscal Year 2014.
Muthoot Fincorp Limited Key Developments
Muthoot Fincorp Limited Reports Audited Earnings Results for the Six Months and Twelve Months Ended March 31, 2014
May 26 14
Muthoot Fincorp Limited reported audited earnings results for the six months and twelve months ended March 31, 2014. For the quarter, the company reported total income of INR 10,657.7 million compared to INR 11,279.3 million a year ago. Operating profit before provisions and contingencies was INR 943.5 million compared to INR 2,816.7 million a year ago. Profit from ordinary activates before tax was INR 446.2 million compared to INR 1,134.1 million a year ago. Net profit was INR 499.5 million or INR 3.39 per share compared to INR 552.7 million or INR 11.28 per share a year ago. Return on assets was 0.61% compared to 1.97% a year ago.
For the year, the company reported total income of INR 19,753.2 million compared to INR 20,780.9 million a year ago. Operating profit before provisions and contingencies was INR 1,489.6 million compared to INR 5,427.6 million a year ago. Profit from ordinary activates before tax was INR 643.4 million compared to INR 3,430.6 million a year ago. Net profit was INR 632.7 million or INR 3.39 per share compared to INR 2,104.0 million or INR 11.28 per share a year ago. Return on assets was 0.61% compared to 1.97% a year ago.
Muthoot Fincorp Ltd. Announces Unaudited Earnings Results for the Six Months Ended September 30, 2013
Nov 27 13
Muthoot Fincorp Ltd. announced unaudited earnings results for the six months ended September 30, 2013. For the period, the company reported interest earned of INR 8,827.3 million compared to INR 9,334.6 million a year ago. Operating profit before provision and contingencies was INR 546.1 million compared to INR 2,610.9 million a year ago. Profit from ordinary activities before tax was INR 197.1 million compared to INR 2,296.5 million a year ago. Net profit was INR 133.2 million compared to INR 1,551.4 million a year ago. Return on assets was 0.12% compared to 3.56% a year ago.
Muthoot Fincorp Limited's Microfinance Arm Expands into 2 More States
Apr 23 13
Muthoot Mahila Mitra, the microfinance subsidiary of Muthoot Fincorp Limited, is planning to foray into Maharashta and Gujarat in the current fiscal. Further, to get bank loans at a cheaper rate as mandated under the priority sector guidelines, Muthoot FinCorp, which is a gold loan company, is planning to hive off Muthoot Mahila Mitra into a separate entity. If the separate entity has 85% of its assets as microfinance assets then bank loans to it will get the priority sector tag. The MFI is currently present in Kerala, Tamil Nadu and Karnataka.
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