- Muthoot Finance‘s net income for the first quarter reached 20.5 billion rupees, showing a significant increase of 90% compared to the previous year.
- Net income exceeded market estimates, which were pegged at 16.28 billion rupees.
- The company’s revenue rose by 54% year-over-year, amounting to 57.03 billion rupees.
- Interest income saw a 53% year-over-year increase, coming in at 55.92 billion rupees and surpassing the estimate of 51.69 billion rupees.
- Total costs climbed to 29.75 billion rupees, reflecting a 34% increase from the previous year.
- Finance costs increased by 57% year-over-year, totaling 21.19 billion rupees, slightly above the estimated 20.38 billion rupees.
- Other income experienced substantial growth, rising to 166.9 million rupees from 63.1 million rupees the previous year.
- The loan assets under management reached 1.20 trillion rupees, marking a 10% quarter-over-quarter growth and exceeding the estimate of 1.14 trillion rupees.
- Analyst recommendations include 14 buys, 7 holds, and 4 sells for Muthoot Finance.
A look at Muthoot Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Muthoot Finance Ltd., a gold financing company, demonstrates a solid outlook across key factors based on Smartkarma’s Smart Scores. With a notable score of 4 for Dividend and Momentum, Muthoot Finance is positioned well for long-term growth and stability. A balanced score of 3 for Value, Growth, and Resilience further showcases the company’s overall strength in the market.
Specializing in providing personal and business loans secured by gold jewelry, Muthoot Finance targets individuals who have gold assets but lack access to traditional credit. The company’s favorable Smart Scores suggest a promising future, reflecting its ability to deliver consistent dividends and maintain positive momentum in the market while upholding strong value and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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