- Muthoot Finance reported a net income of 13.6 billion rupees for the third quarter.
- The net income increased by 32% compared to the previous year, surpassing estimates of 13.45 billion rupees.
- Revenue for the quarter was 44.2 billion rupees, marking a 39% increase year-over-year.
- Interest income reached 43.7 billion rupees, increasing by 40% from the previous year, exceeding the estimated 42.37 billion rupees.
- Total costs for the quarter were reported at 25.8 billion rupees, a 44% rise year-over-year.
- Finance costs amounted to 16.5 billion rupees, up 36% from the previous year, aligning closely with the estimate of 16.53 billion rupees.
- Other income decreased by 3.6% year-over-year to 77.0 million rupees.
- The company approved plans to raise up to 210.6 billion rupees through bonds.
- Analyst recommendations include 18 buys, 4 holds, and 2 sells for Muthoot Finance.
A look at Muthoot Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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
According to Smartkarma Smart Scores, Muthoot Finance Ltd. has received a high score of 5 in Momentum, indicating strong positive price momentum for the company. This bodes well for potential growth opportunities in the future. Additionally, Muthoot Finance scored a 4 in Dividend, which suggests a stable dividend payout to its investors. While the Value and Growth scores are moderate at 3 each, the company’s Resilience scored a 2. This indicates some weaknesses in the company’s ability to withstand economic challenges.
Muthoot Finance Ltd. is a gold financing company that offers personal and business loans secured by gold jewellery. The company focuses on providing Gold Loans to individuals who own gold jewelry but may face difficulties accessing traditional credit channels. With a strong momentum score of 5 and a solid dividend score of 4, Muthoot Finance shows potential for growth and income generation. However, its lower resilience score of 2 may present some challenges in navigating economic uncertainties in the long term.
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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