The gold loan firm posted a net profit of Rs 996 crore for the three months to March 31, 2021. The company had posted a standalone profit after tax of Rs 815 crore in the year-ago period.
Muthoot Finance’s shares gained 9 per cent to Rs 1,537.20, but gave up some gains to trade at Rs 1528.15 at 10.25 am. BSE Sensex was trading at 52,113.54, up by 264.06 points or 0.51 per cent at the same time. The counter closed at Rs 1,414 in the previous session.
For the full year, the standalone net profit rose by 23 per cent to Rs 3,722 crore as against Rs 3,018 crore in FY20.
Gold loans under management stood at Rs 51,926.6 crore as of end-March 2021. During the fourth quarter of FY21, gold loan assets increased by Rs 2,304 crore.
The counter delivered over 30 per cent returns in the last one month and is up by 65 per cent in the last one year.
Consolidated profit after tax increased by 21 per cent to Rs 3,819 crore in FY21 as against last year’s figure of Rs 3,169 crore. Consolidated loan assets of the group grew by 24 per cent at Rs 58,280 crore as against Rs 46,871 crore in FY20.
Total income increased by 18 per cent to Rs 2,828 crore during the reporting quarter compared to Rs 2,403 crore earlier. Its gross NPA or Stage-3 assets on gross loan assets improved to 0.88 per cent as against 2.16 per cent.
