- Muthoot Finance reported a net income of 12.5 billion rupees, marking a 26% increase compared to the previous year.
- The company achieved a revenue of 41.2 billion rupees, which is a 35% increase year-over-year.
- Interest income also grew by 35%, reaching 40.7 billion rupees.
- Total costs increased by 39%, amounting to 24.2 billion rupees.
- The finance costs rose 34% to 15.5 billion rupees, slightly above the estimated 15 billion rupees.
- Other income decreased by 37% to 87.8 million rupees.
- Muthoot Finance has approved an additional capital infusion of 5 billion rupees into its subsidiary, Muthoot Money Ltd.
- Analyst recommendations include 17 buys, 4 holds, and 2 sells.
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A look at Muthoot Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| 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’s Smart Scores, Muthoot Finance is looking strong in several key areas. With a high Dividend score of 5, investors can expect good returns on their investment through dividends. The company also scores well in Value at 4, indicating it may be undervalued compared to its actual worth. However, its Resilience score of 2 suggests there may be some vulnerability in the face of challenges. This is balanced by moderate scores in Growth and Momentum at 3 each, showing potential for future development and market traction.
Muthoot Finance Ltd., a gold financing company, provides loans secured by gold jewelry to individuals and businesses in need of financial support. The company’s focus on Gold Loans offers unique opportunities for those who may not have access to traditional credit lines. With an overall positive outlook based on its Smart Scores, Muthoot Finance seems poised for continued success in the long term across various financial metrics.
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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