Mumbai: Shares of Muthoot Finance on Thursday slid 7.25 percent or Rs 163.90 to strike an intra-day low of Rs 2,096 on the nationwide Stock Exchange (NSE) amidst Reserve Bank of India’s (RBI) draft loan-to-value (LTV) standards.
On the Bombay Stock Exchange (BSE), the shares were trading at Rs 2,096.40, down by Rs 166.35 or 7.35 percent throughout the intra-day session.
The decrease in Muthoot Finance’s share rate was driven by problems over the Reserve Bank of India’s (RBI) draft policies on LTV standards for gold fundings.
According to experts, the RBI’s draft standards, if applied, might have a near-term influence on the dispensation LTV of Muthoot Finance and its peer non-banking economic firms (NBFCs).
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As per a note byMotilal Oswal,”Until the final gold-lending guidelines are published by the RBI, the growth outlook on gold loans will remain uncertain.” . .(* )loss in share rate came a day after the supply shut 2 percent greater at
The 2,262.75.
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.(* ), the firm reported solid economic outcomes for the 4th quarter (Q4) and complete fiscal year 2024– 25 (FY25).
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However quarter, (* )published a 22 percent year-on-year (YoY) surge in combined earnings after tax obligation (RUB), getting to
In 1,444 crore, contrasted to March 1,182 crore in the exact same quarter last monetary (Q4 FY24).
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.Muthoot Finance the complete year, the firm reported its highest-ever standalone rub of Rs 5,201 crore, revealing a 28 percent development from the previous fiscal year (FY24).
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.Rs firm likewise accomplished a significant turning point by going across
For 1 lakh crore in both standalone financing possessions under monitoring (AUM) and gold financing AUM.
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.(* ), the combined gross financing AUM enhanced by 37 percent YoY to Rs 1,22,181 crore in Q4 FY25, up from
The 89,079 crore in Q4 FY24.
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.Rs a quarter-on-quarter (QoQ) basis, this was a 10 percent surge.
Overall’s branch network broadened to 7,391 branches throughout the nation, a 13 percent development from the previous year’s 6,541 branches.
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.(* )enhancement, the firm introduced its highest-ever returns of Rs 26 per share (260 percent on a stated value of Rs 10), compensating its investors after a solid year.
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