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Muthoot Finance Limited Q4 FY22 Earnings Concall Insights

#MUTHOOTFIN #MUTHOOTFINQ4 #MuthootFinance #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch #finance #stockmarket #Markets
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MUTHOOTFIN said it expects borrowing costs to go up gradually during FY23. Gold AUM grew by 11% in FY22 and the company expects a growth of 12-15% for FY23.

Q&A Insights: Abhijit Tibrewal of @MotilalOswalLtd asked about weak gold loan demand in core customer segments of 40,000-60,000 ticket size. George Muthoot MD replied that that ticket size has gone up to much higher levels due to economic growth. People now are borrowing more.

Q&A Insights: Abhijit T of @MotilalOswalLtd asked about yield compression of about 200 bp sequentially. George MD said it had consciously done teaser rates on the yields so that it can get more customers, which was successful as the company got a lot of new customers during 4Q22.

Q&A Insights: Abhijit Tibrewal of @MotilalOswalLtd asked about the quantum of auctions in the accrued interest as on March 2022. Oommen Mammen CFO replied that auctions for 4Q22 was INR2,100 crores and the accrued interest was INR2,071 crores.

Q&A Insights: Deepak G of SBI asked about the impact on the Sri Lankan subsidiary due to economic crisis there. George MD said it has mostly gold loan portfolio in Sri Lanka and due to the crisis the gold prices have gone very high, which makes the company very safe in Sri Lanka.

Q&A Insights: Deepak Gupta of SBI asked about last years’ credit growth guidance of 12-15%, which ended at 11%, if for FY23 the guidance will be the same. George Muthoot MD clarified the company will maintain the 12-15% guidance.

Q&A Insights: Gaurav Kochar of @miraeasset asked about the MFI environment for FY23 and growth targets. George Muthoot MD answered that MFI sector will continue to grow and there is potential for MFI going forward with new regulations about interest rate etc. also supporting MFI.

Q&A Insights: Subhransu Mishra of @UBS asked about the proportion of AUM below INR1 lakh, between INR1-2 lakh and above INR2 lakh. Oommen Mammen CFO replied that loans above INR1 lakh will be 58% and below INR1 Lakh will be 42%. Above INR3 lakhs will be 22%.

To read further on the detailed analysis of #MUTHOOTFIN #Q4 concall Q&A …

alphastreet.com/india/muthoot-…