Muthoot Microfin Limited
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India
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Muthoot Microfin's provisional ALM statement for the month shows strong short-term liquidity with substantial excess inflows. Its assets and liabilities are balanced overall across all maturities.
Muthoot Microfin's promoter group settled 65,28,72,800 equity shares (66.76%) of parent Muthoot Fincorp in a succession plan. New trusts now indirectly control MFL's 50.21% MML stake. Importantly, MML's total promoter shareholding remains unchanged.
Muthoot Microfin reported record quarterly disbursements of Rs. 2,645 Cr (+49% YoY), driving AUM to Rs. 14,457 Cr (+18%). PAT jumped 12x to Rs. 81.3 Cr. Asset quality improved with lower NPAs, and the company diversified into gold loans via co-lending. CRISIL upgraded its credit rating to AA-/Stable.
Muthoot Microfin allotted Commercial Paper, raising ₹35 Cr in short-term funds. This capital infusion enhances liquidity, supported by a strong CRISIL A1+/Stable credit rating.
Muthoot Microfin's promoter group secured approval for internal family restructuring of Muthoot Fincorp shares, streamlining succession. This move ensures no change in ultimate control or overall promoter shareholding in Muthoot Microfin, avoiding a public open offer.