{"id":133214,"date":"2022-08-16T04:08:55","date_gmt":"2022-08-16T08:08:55","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133214"},"modified":"2022-10-06T04:46:54","modified_gmt":"2022-10-06T08:46:54","slug":"muthoot-finance-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Muthoot Finance Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/GZ5YRKnNzyE?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Muthoot Finance Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/MUTHOOTFIN\/\">MUTHOOTFIN<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>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.<\/li>\n<\/ul>\n<ul>\n<li>The company said RBI recently gave it permission to open 150 branches out of which a few branches were opened in July and expect to complete it by Oct. 2022. The additional branches will help increase the AUM in the coming quarters in FY23.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Dhaval Gada from DSP asked to quantify the teaser rate impact, how much would be impact that would get reversed from 2Q23. George Muthoot MD replied that teaser rates were stopped in March and all teaser rates have been migrated to higher rates as of June 30, 2022. In coming quarters, the company expects yields coming back to higher yield. By 3Q22, the things will be fully on track.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP asked about the expectation in terms of borrowing and cost of borrowing for the rest of year. George Muthoot MD answered that the borrowing costs have been going up. The company doesn\u2019t expect a significantly higher increase in overall cost of borrowing, but added that it might go up.<\/li>\n<\/ul>\n<ul>\n<li>Alpesh Mehta of IIFL enquired about the yield improvement expected for the rest of FY23 from current levels. Oommen Mammen CFO replied that going forward the company should improve the spreads and the overall objective is to maintain a spread above 10% for rest of FY23.<\/li>\n<\/ul>\n<ul>\n<li>Piran Engineer with CLSA asked if there were any auction in 1Q23 and the quantum of it. Oommen Mammen CFO replied that auctions were INR1,374 crores.<\/li>\n<\/ul>\n<ul>\n<li>Piran Engineer with CLSA asked that if reducing liquidity is going to be an ongoing exercise or a one-off thing. Oommen Mammen CFO said that the company thought of reducing liquidity a little bit as it has been maintaining higher liquidity.<\/li>\n<\/ul>\n<ul>\n<li>Amit Mantri of 2Point2 Capital asked about the INR1,300 crores of auction and the interest loss on it. George Muthoot MD replied that the auction realization was INR1,800 crores including the interest.<\/li>\n<\/ul>\n<ul>\n<li>Amit Mantri of 2Point2 Capital also asked about the increase in interest rates from the earlier regime to the new regime now. George Muthoot MD answered that it was done in two tranches, one was done in May. And the second one was done now, increasing another 1.5 percentage, almost 300 BP has been increased on fresh loans.<\/li>\n<\/ul>\n<ul>\n<li>Shweta Daptardar from Elara Capital enquired how much incrementally does a new branch add to the AUM on an annual basis. George Muthoot MD replied that it takes about 1-2 years for a branch to mature and by that time it should reach about INR6-7 crores.<\/li>\n<\/ul>\n<ul>\n<li>Shweta Daptardar from Elara Capital also asked about the growth outlook with new branches opening now. George Muthoot MD answered that with new branches the company can get into new unbanked areas with lot of potential. This will help to spread the company and attract new and more customers. And the growth outlook is between 10-15%.<\/li>\n<\/ul>\n<ul>\n<li>Bunty Chawla with IDBI asked about interest accrued on loans as of FY23. Oommen Mammen CFO replied that as of March it is INR1,955 crores and June it is INR1,700 crores.<\/li>\n<\/ul>\n<ul>\n<li>Hitesh Gulati from Haitong enquired about the new number of customers added in 1Q23 and the written off customers. Oommen Mammen CFO replied that the company added 3.14 lakh new customers during 1Q23 and there are no written off customers the company has.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 to open 150 branches out of [&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":"Muthoot Finance Limited Q1 FY23 Earnings Conference Call Insights #MUTHOOTFIN #Q1 #FY23 #Earnings","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":[9825,392,1],"tags":[9488,8889,8760],"class_list":["post-133214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-serives","tag-gold","tag-loan-management"],"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":130234,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133214,"position":0},"title":"Muthoot Finance Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 27, 2022","format":false,"excerpt":"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&A Highlights: Abhijit Tibrewal of Motilal Oswal asked\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":133214,"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":123769,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-ltd-muthootfin-q4-fy21-earnings-concall\/","url_meta":{"origin":133214,"position":2},"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":133554,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-muthootfin-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":133214,"position":3},"title":"Muthoot Finance Limited (MUTHOOTFIN) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 12, 2022","format":false,"excerpt":"Muthoot Finance Limited (NSE: MUTHOOTFIN) Q1 FY23 Earnings Concall dated Aug. 12, 2022 Corporate Participants: George Alexander Muthoot -- Managing Director Oommen K. Mammen -- Chief Financial Officer Analysts: Dhawal -- DSP -- Analyst Alpesh -- IIFL Securities -- Analyst Ankit Patel -- L&T Mutual Fund -- Analyst Piran Engineer\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":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127585,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133214,"position":4},"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":125365,"url":"https:\/\/alphastreet.com\/india\/earnings-muthoot-finance-reports-q2-fy22-results\/","url_meta":{"origin":133214,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133214","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=133214"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133214\/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=133214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}