Muthoot Finance, India's largest gold finance company, has hit a milestone by crossing the ₹1 trillion mark in gold loan Assets Under Management (AUM). This milestone achievement marks the company's leadership in the gold loan market and demonstrates the increasing demand for gold-backed financing.
Key points:
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Gold loan AUM crossed ₹1 trillion, backed by robust year-on-year growth
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Company's consolidated loan AUM of Rs.1.11 lakh crore as on Dec 31, 2024
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Gold loan portfolio upped by 37% YoY in Q3FY25
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Muthoot Finance had recorded a net profit growth of 33% during Q3FY25
This achievement is during supportive macroeconomic situations and growing consumer demand for gold loans vis-à-vis unsecured credit facilities. The success of the company is driven by its extensive branch network, established reputation, and the upward movement in gold prices that has made gold loans more desirable to borrowers.
Sources: Muthoot Finance Q3FY25 Investor Presentation, Economic Times, March 14, 2025