InvestorQ : How has the gold loan business of Muthoot Finance been doing in the current market conditions?
Dhwani Mehta made post

How has the gold loan business of Muthoot Finance been doing in the current market conditions?

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Dilmini Mercia answered.
2 months ago
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The June 2022 quarter was a dull quarter for gold loans and Muthoot, the largest player in this space, had a fairly dull show. Net profit on a standalone basis for the June 2022 quarter fell by 17.4% to Rs802 crore. Revenue from operations fell to Rs2,504 crore in Q1FY23, a fall of less than 10%. The total AUM of the gold loan business was also down by 2% at Rs63,444 crore in Q1FY23. As of June 2022, Muthoot group had a total of network of 5,667 branches up by 4% from 5,443 branches in on a yoy basis and up 2% on QOQ basis.

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