{"id":130234,"date":"2022-05-27T03:55:04","date_gmt":"2022-05-27T07:55:04","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130234"},"modified":"2022-10-06T03:19:19","modified_gmt":"2022-10-06T07:19:19","slug":"muthoot-finance-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Muthoot Finance Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Muthoot Finance Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/MUTHOOTFIN\/\">MUTHOOTFIN<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>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.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Abhijit Tibrewal of Motilal Oswal asked about weak gold loan demand in the core customer segments of 40,000-60,000 ticket size. George Muthoot MD replied that the ticket size of 40,000-60,000 has gone up to much higher levels as part of growth in the economy. People who were borrowing earlier are borrowing more.<\/li>\n<\/ul>\n<ul>\n<li>Abhijit Tibrewal of Motilal Oswal asked about yield compression of about 200 bp sequentially. George Muthoot MD answered that the company has consciously done teaser rates on the yields so that it can get more customers, which was successful as the company was able to get a lot of new customers during 4Q22.<\/li>\n<\/ul>\n<ul>\n<li>Abhijit Tibrewal of Motilal Oswal 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.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Gupta of SBI asked about the impact on the Sri Lankan subsidiary due to the economic crisis there. George Muthoot MD replied that the company 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. As a portfolio, the company is safe.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Gupta of SBI asked about last years\u2019 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.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Kochar from Mirae Asset enquired that given the company has stopped doing loans at teaser rates, if it\u2019s expected that spreads will improve from here on. George Muthoot MD said that the teaser rate impact will take some more months in 1Q23 also. Around 10% is what the company should see the spread to be, which is quite reasonable.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Kochar from Mirae Asset 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.<\/li>\n<\/ul>\n<ul>\n<li>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%.<\/li>\n<\/ul>\n<ul>\n<li>Nischint C with Kotak Securities asked about new branch opening and if the company is facing any issues form the regulator. George Muthoot MD said that MUTHOOTFIN is also facing delays from the regulator like others. However added that business in existing branches is good, but few branches extra would have been better.<\/li>\n<\/ul>\n<ul>\n<li>Jitark Shah of SBI Pension Fund asked about the reason for other expenses going up 15-18% in 4Q22. \u00a0George Muthoot MD replied that the administrative expenses of FY21 was INR723 crores and for FY22 it\u2019s INR742, which is hardly any increase. Quarter on quarter fluctuation is a seasonal thing.<\/li>\n<\/ul>\n<ul>\n<li>Prakhar Agarwal of Edelweiss asked about logic behind starting teaser loan and stopping it. George Muthoot MD said the teaser rates was for a specific period and purpose to get new set of customers. Since the company has achieved it, it has discontinued it.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Muthoot Finance Limited (MUTHOOTFIN) Q4 FY22 Earnings Concall Management Update: 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&amp;A Highlights: Abhijit Tibrewal of Motilal Oswal asked about weak gold loan demand [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392],"tags":[1792,8889,9708],"class_list":["post-130234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-financial-services","tag-gold","tag-nbfc"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":127585,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130234,"position":0},"title":"Muthoot Finance Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 15, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=iWjx4_bdK8I Key highlights from Muthoot Finance Limited (MUTHOOTFIN) Q3 FY22 Earnings Concall Management Update: The company had a flat growth for the gold loan business in 3Q22 and expects to see growth in AUM in 4Q22. MUTHOOT\u2019s Subsidiary companies, except the microfinance business, came down in 3Q22 due to the\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140554,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130234,"position":1},"title":"Muthoot Finance Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2023","format":false,"excerpt":"Key highlights from Muthoot Finance Limited (MUTHOOTFIN) Q3 FY23 Earnings Concall Q&A Highlights: [00:08:33] Sagar Shah from PhillipCapital asked if MUTHOOTFIN will return to the era of double-digit AUM growth that it experienced before. George Muthoot MD said it is difficult for people to enter the gold loan business and\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133214,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130234,"position":2},"title":"Muthoot Finance Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 16, 2022","format":false,"excerpt":"https:\/\/youtu.be\/GZ5YRKnNzyE Key highlights from Muthoot Finance Limited (MUTHOOTFIN) Q1 FY23 Earnings Concall Management Update: MUTHOOTFIN said that growth has been lower partly due to the branches focusing on migration of teaser loans that were under low rates to the higher rate scheme. The company said RBI recently gave it permission\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":125365,"url":"https:\/\/alphastreet.com\/india\/earnings-muthoot-finance-reports-q2-fy22-results\/","url_meta":{"origin":130234,"position":3},"title":"Earnings: Muthoot Finance reports Q2 FY22 results","author":"Staff Correspondent","date":"November 4, 2021","format":false,"excerpt":"Gold loan company Muthoot Finance Ltd. (NSE: MUTHOOTFIN) reported its second quarter FY22 results today. Total income was \u20b92,833 crores, which was up 10% year-over-year. Profit after tax amounted to \u20b9994 crores, or \u20b924.77 per share, reflecting a growth of 11% from the same period last year. \u201cThe demand environment\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":123769,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-ltd-muthootfin-q4-fy21-earnings-concall\/","url_meta":{"origin":130234,"position":4},"title":"Muthoot Finance Ltd (MUTHOOTFIN) Q4 FY21 Earnings Concall","author":"Sahil_Anand","date":"June 2, 2021","format":false,"excerpt":"Muthoot Finance Ltd (NSE:MUTHOOTFIN) Q4 FY21 Earnings Concall dated June 02, 2021","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Muthoot-Finance-Ltd-Q4-FY21-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":125448,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-ltd-muthootfin-q2-fy22-earnings-concall-transcript\/","url_meta":{"origin":130234,"position":5},"title":"Muthoot Finance Ltd (MUTHOOTFIN) Q2 FY22 Earnings Concall Transcript","author":"Sahil","date":"November 11, 2021","format":false,"excerpt":"Muthoot Finance Ltd\u00a0(NSE:MUTHOOTFIN) Q2 FY22 Earnings Concall dated Nov. 08, 2021 Corporate Participants: Sanket Chheda -- Head of sector NBFC, Batlivala & Karani Securities India Private Limited George Alexander Muthoot -- Managing Director Oommen K. Mammen -- Chief Financial Officer Analysts: Abhijit Tibrewal -- Motilal Oswal -- Analyst Digant Haria\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=130234"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=130234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=130234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=130234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}