Muthoot Group’s AUMs jump 19 pc to Rs 36,497 crore

Kochi: Muthoot Group’s consolidated loan assets under management (AUMs) moved 19 per cent up at Rs 36,497 crore during the third quarter (October to December) of current fiscal 2018-19 against Rs 35,956 crore in the year-on-year period.

Flagship company Muthoot Finance’s consolidated loan assets were Rs 36,446 crore during the quarter against Rs 30,717 crore in the same quarter of previous year, the country’s largest gold finance company told stock exchanges on Wednesday.

In the previous quarter (July to September 2018) the consolidated loan assets under management were Rs 35,956 crore.

Muthoot Finance registered 15 per cent increase in net profit at Rs 1,460 crore for nine months of the current financial year (April to December FY19) as against Rs 1,269 crore in the previous year.

Gross loan assets stood at Rs 32,470 crore on December 31, 2018 as against Rs 28,269 crore on December 31,2017, showing a year-on-year growth of 15 per cent. During the quarter, loan assets increased by Rs 151 crore.

Muthoot Homefin India Ltd (MHIL) increased its loan portfolio to Rs 1,835 crore as against Rs 1,100 crore in previous year, marking 67 per cent jump. During the quarter, the loan portfolio increased by Rs 60 crore.

Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. With operating history of over 80 years, the company provides personal and business loans secured by gold jewellery.