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The net profit of Muthoot Finance, the largest gold financing company in the country, remained flat at ₹511 crore in Q4 of FY19, compared to ₹508 crore in the corresponding period of the previous fiscal.
However, the standalone net profit of the NBFC was up 11 per cent at ₹1,972 crore for FY19, compared to ₹1,778 crore in FY18.
The consolidated PAT also registered a 14 per cent increase at ₹2,103 crore, compared to ₹1,844 crore in the previous fiscal.
The consolidated loan assets under management (AUM) achieved a 20 per cent increase at ₹38,304 crore, against last year’s ₹31,921 crore. Loan assets stood at ₹34,246 crore at March 31, 2019, against ₹29,142 crore in March 31, 2018.
During Q4 FY19, loan assets increased by ₹1,776 crore. Muthoot Homefin India, a wholly-owned subsidiary, achieved a net profit of ₹36 crore in FY19, against ₹22 crore in the previous year.
Belstar Investment and Finance Pvt Ltd, the microfinance NBFC, achieved a PAT of ₹73 crore against ₹27 crore in the previous year.
Muthoot Insurance Brokers Pvt Ltd generated total premium collection of ₹268 crore in FY19 and PAT of ₹15 crore.
Interim dividend
Muthoot Finance also paid an interim dividend of 120 per cent, ₹12 per share for FY19. The company also floated a public issue of debentures focussing on retail investors, raising ₹709 crore, which, according to its Chairman MG George Muthoot, “shows our ability to have diversified funding sources”.
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