December 26, 2014 4:49 PM ET

Thrifts and Mortgage Finance

Company Overview of Muthoot Fincorp Limited

Company Overview

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...

Muthoot Towers

MG Road

Cochin,  682 035

India

Founded in 1997

Phone:

91 48 4235 1481

Fax:

91 48 4235 1494

Key Executives for Muthoot Fincorp Limited

Chairman
Age: 52
Vice President of Finance & Accounts and Member of Asset Liability Management Committee
Executive Director
Age: 48
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 Ltd. Announces Unaudited Standalone Earnings Results for the Six Months Ended September 30, 2014

Muthoot Fincorp Ltd. announced unaudited standalone earnings results for the six months ended September 30, 2014. For the period, the company reported interest earned of INR 8,823.988 million compared to INR 8,827.283 million a year ago. Operating profit before provision and contingencies was INR 621.333 million compared to INR 546.121 million a year ago. Profit from ordinary activities before tax was INR 239.718 million compared to INR 197.142 million a year ago. Net profit was INR 161.941 million compared to INR 133.179 million a year ago. Earnings per share were INR 1.74 compared to INR 1.43 a year ago. Return on assets was 0.31% compared to 0.25% a year ago.

Muthoot Fincorp Mulls Financing

Muthoot Fincorp Limited is planning to raise close to INR 12 billion by selling a 20% stake. The private equity infusion would give a boost to the company’s operations as it seeks to go public in the next two years. Ernst & Young is advising Muthoot Fincorp Limited.

Muthoot Fincorp Limited Reports Audited Earnings Results for the Six Months and Twelve Months Ended March 31, 2014

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.

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