Motilal Oswal: Muthoot Finance Reports Highest Sequential AUM Growth In A Decade    
Pedestrians walk past a Muthoot Finance Ltd. branch in Mumbai, India.(Photographer Dhiraj Singh/Bloomberg)

Motilal Oswal: Muthoot Finance Reports Highest Sequential AUM Growth In A Decade   

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Muthoot Finance Ltd.’s Q2 FY21 profit after tax increased 4% YoY to Rs 8.9 billion (4% beat).

The quarter was characterized by best sequential loan growth of 14% (since FY12), stable spreads and sharp improvement in asset quality.

In H1 FY21, net income/profit after tax increased 18%/25% YoY to Rs 31.7 billion/Rs 17.4 billion.

Click on the attachment to read the full report:

Motilal Oswal Muthoot Finance Q2FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.