Muthoot Finance - Q4FY20 Result Update - Angel Broking Ltd.

Mr. Jaikishan Parmar, Sr. Equity Research Analyst

"Muthoot Finance reported a good set of numbers for Q4FY20 despite tough market conditions. The company reported an improvement in consolidated AUM growth to 22% YoY. NII grew by 29% YoY (+1% QoQ) driven by strong AUM growth while NIM declined marginally QoQ to 15.78% as yields declined at a faster pace as compared to cost of funds. PBT grew by 38% YoY due to Lower provision while PAT grew by 59% YoY. In this tough environment, management is targeting a growth of 15% in its core gold loan book for FY20. Stage III loan assets declined by 34bps QoQ to 2.16%, with NPA never a worry for gold loan. Recent increase in gold prices also provide comfort on asset quality."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.1000.2 as compared to the previous close of Rs. 979.8. The total number of shares traded during the day was 52282 in over 2785 trades.

The stock hit an intraday high of Rs. 1011.95 and intraday low of 981. The net turnover during the day was Rs. 51864615.

Source : Equity Bulls

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