Muthoot Microfin AUM jumps 32% to Rs 12,194 crore as of March 31

Muthoot Microfin on Monday stated its belongings underneath administration (AUM) grew 32 per cent to Rs 12,194 crore as of March 31.

In its enterprise replace report, Muthoot Microfin stated its mortgage disbursement was at report Rs 10,662 crore throughout 2023-24, a 32 per cent leap over earlier 12 months.

In an announcement, the corporate stated it has seen a considerable development in FY24 with a wholesome mixture of credit score growth, rising margins and declining credit score price. Asset high quality remained sturdy through the 12 months.

“Our key focus areas for the subsequent 12 months embrace Property Underneath Administration (AUM) Progress, Asset High quality, digital inclusion, buyer retention and geographic growth,” Muthoot Microfin stated.

The corporate has 33.5 lakh lively prospects and 1,508 branches, together with in Telangana, Uttarakhand and Himachal Pradesh.

“AUM expanded by 32 per cent year-over-year, reaching Rs 12,194 crore as of March 31, 2024, in comparison with Rs 9,208 crore as of March 31, 2023,” Muthoot Microfin stated.

Shares of the corporate have been buying and selling at Rs 235.80 apiece, up 1.05 per cent over earlier shut on BSE.