February 28, 2015 11:39 AM ET

Consumer Finance

Company Overview of Muthoot Finance Limited

Company Overview

Muthoot Finance Limited operates as a gold financing company in India. The company operates in two segments, Financing and Power Generation. It provides personal and business loans secured by gold jewelry or gold loans primarily to individuals, as well as sells gold and silver coins. The company also offers money transfer services; foreign currency exchange services; and a range of insurance solutions. In addition, it provides Travelsmart services comprising international and domestic air ticketing, Visa services, tour packages, hotel booking, travel insurance services, and forex plans; and MPower Card, a loyalty card. Further, the company is involved in the generation of electric power. Add...

Muthoot Chambers

2nd Floor

Opposite Saritha Theatre Complex

Banerji Road

Kochi,  682018

India

Founded in 1939

25,012 Employees

Phone:

91 48 4239 4712

Fax:

91 48 4239 6506

Key Executives for Muthoot Finance Limited

Muthoot Finance Limited does not have any Key Executives recorded.

Muthoot Finance Limited Key Developments

Muthoot Finance Limited Reports Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended December 31, 2014

Muthoot Finance Limited reported unaudited standalone earnings results for third quarter and nine months ended December 31, 2014. For the quarter, the company’s income from operations was INR 10,522.354 million against INR 11,855.505 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 7,652.439 million compared to INR 9,211.287 million a year ago. Profit from ordinary activities before tax was INR 2,376.499 million compared to INR 2,982.164 million a year ago. Net profit was INR 1,544.437 million or INR 3.85 per basic and diluted share before and after extraordinary items compared to INR 1,942.473 million or INR 5.23 per basic and diluted share before and after extraordinary items for the same period a year ago. For the nine months, the company’s income from operations was INR 31,752.209 million against INR 37,501.070 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 23,343.832 million compared to INR 29,616.843 million a year ago. Profit from ordinary activities before tax was INR 7,706.057 million compared to INR 9,152.228 million a year ago. Net profit was INR 5,053.383 million or INR 12.70 per basic and diluted share before and after extraordinary items compared to INR 5,991.253 million or INR 16.12 per basic and diluted share before and after extraordinary items for the same period a year ago. Return on average equity was 14.53% compared to 20.33% a year ago. Book value per share was INR 126.00 compared to INR 110.70 a year ago.

Muthoot Finance Limited, Q3 2015 Earnings Call, Jan 23, 2015

Muthoot Finance Limited, Q3 2015 Earnings Call, Jan 23, 2015

Yes Bank Appoints Muthoot Finance as Business Correspondent

Yes Bank has appointed Muthoot Finance as its business correspondent. The lenders were not allowed earlier to annoint NBFCs to act as BCs to them, however, in June 2014, the Reserve Bank of India has amended the norms allowing the banks to have NBFCs to act as their BCs. The partnership will enable Muthoot Finance to offer the sevice of domestic remittance to the migrant residents in cities. Now, the money can be collected from the branches of Muthoot Finance or via ATMs in cash. It can also be transferred to the bank accounts.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 20, 2014
Asia Asset Finance PLC
 

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