Muthoot Finance
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MUMBAI, June 24 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 12.80 billion rupees ($135.21 million) for the reissue of 7.85% February 2029 bonds, three bankers said on Wednesday.
It will offer a yield of 8.47%, and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance 7.85% Feb 2029 Reissue | 2 years and 8 months | 8.47 (yield) | 12.80 | June 24 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.6650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 24 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 12.80 billion rupees ($135.21 million) for the reissue of 7.85% February 2029 bonds, three bankers said on Wednesday.
It will offer a yield of 8.47%, and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance 7.85% Feb 2029 Reissue | 2 years and 8 months | 8.47 (yield) | 12.80 | June 24 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.6650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 12 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 24.75 billion rupees ($260.42 million) on a sale of five-year bonds, three bankers said on Friday.
It will pay a coupon of 8.65% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.65 | 24.75 | June 11 | AA+ (Crisil, Icra) |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 11 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.0400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 12 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 24.75 billion rupees ($260.42 million) on a sale of five-year bonds, three bankers said on Friday.
It will pay a coupon of 8.65% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.65 | 24.75 | June 11 | AA+ (Crisil, Icra) |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 11 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.0400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
MUMBAI, June 10 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 27.50 billion rupees ($288.57 million), including a greenshoe option of 15 billion rupees, through a sale of five-year bonds, three bankers said on Wednesday.
It will pay a coupon of 8.65% and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.65 | 12.50+15 | June 11 | AA+ (Crisil, Icra) |
NABARD July 2029 reissue | 3 years and 1 month | 7.34(yield) | 67.80 | June 10 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, June 10 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 27.50 billion rupees ($288.57 million), including a greenshoe option of 15 billion rupees, through a sale of five-year bonds, three bankers said on Wednesday.
It will pay a coupon of 8.65% and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.65 | 12.50+15 | June 11 | AA+ (Crisil, Icra) |
NABARD July 2029 reissue | 3 years and 1 month | 7.34(yield) | 67.80 | June 10 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, June 2 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($157.61 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 8.55% and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 2
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 10 years | 8.55 | 15 | June 2 | AA+ (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1700 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, June 2 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($157.61 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 8.55% and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 2
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 10 years | 8.55 | 15 | June 2 | AA+ (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1700 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, May 22 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 50 billion rupees ($519.41 million), including a greenshoe option of 18.65 billion rupees, through a sale of floating-rate bonds maturing in three years and two months, three bankers said on Friday.
The bonds will carry an initial coupon of 8.52%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 315 basis points, they said, adding that the company has invited commitment bids for the issue on Monday.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.52 (initial) | 31.35+18.65 | May 25 | AA+ (Icra, Crisil) |
Cholamandalam Investment | 2 years and 9 months | 8.12 (initial) | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, May 22 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 50 billion rupees ($519.41 million), including a greenshoe option of 18.65 billion rupees, through a sale of floating-rate bonds maturing in three years and two months, three bankers said on Friday.
The bonds will carry an initial coupon of 8.52%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 315 basis points, they said, adding that the company has invited commitment bids for the issue on Monday.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.52 (initial) | 31.35+18.65 | May 25 | AA+ (Icra, Crisil) |
Cholamandalam Investment | 2 years and 9 months | 8.12 (initial) | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
** Shares of Muthoot Finance MUTT.NS fall as much as 6.4% last down down 3.1% to 3,421.3 rupees
** Co's quarterly profit doubles to 30.86 billion rupees in the March-qtr
** BofA ("Buy"; PO: 4,410 rupees) says new customer acquisition remains relatively muted; adds risks to stock might emerge from gold price decline and major NBFCs increasing their focus on gold financing
** Ambit Capital ("Sell"; PT: 2,856 rupees) says competition in gold loans is only intensifying, especially from players with highly competitive liability costs; sees loan growth moderating to ~12% CAGR over FY26 to FY29E
** Stock rated as "Hold" by 20 analysts; median PT at 4,000 rupees as per data compiled by LSEG
** YTD, stock down 12.4%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Shares of Muthoot Finance MUTT.NS fall as much as 6.4% last down down 3.1% to 3,421.3 rupees
** Co's quarterly profit doubles to 30.86 billion rupees in the March-qtr
** BofA ("Buy"; PO: 4,410 rupees) says new customer acquisition remains relatively muted; adds risks to stock might emerge from gold price decline and major NBFCs increasing their focus on gold financing
** Ambit Capital ("Sell"; PT: 2,856 rupees) says competition in gold loans is only intensifying, especially from players with highly competitive liability costs; sees loan growth moderating to ~12% CAGR over FY26 to FY29E
** Stock rated as "Hold" by 20 analysts; median PT at 4,000 rupees as per data compiled by LSEG
** YTD, stock down 12.4%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
BENGALURU, May 14 (Reuters) - India's Muthoot Finance MUTT.NS on Thursday reported a doubling in fourth-quarter profit, driven by strong growth in its gold-loan portfolio.
The country's largest gold loan financier posted a 105% jump in net profit to 30.86 billion rupees ($322.26 million) for the quarter ended March 31
Its standalone gold loan assets under management rose 50% year-on-year, taking total AUM 50% higher to 1.63 trillion rupees
Total revenue from operations rose 68.5% to 81.80 billion rupees
Net interest margin or lending margins rose to 13.38% for the quarter from 12.77% in the previous quarter and 11.27% a year earlier
Analysts expected Indian gold loan financiers to see strong loan growth in March quarter amid high prices for the precious metal
Earlier this month, smaller peer Manappuram Finance MNFL.NS reported a bigger-than-expected profit helped by strong gold-loan growth
($1 = 95.7625 Indian rupees)
(Reporting by Nishit Navin; Editing by Ronoojoy Mazumdar)
(([email protected];))
BENGALURU, May 14 (Reuters) - India's Muthoot Finance MUTT.NS on Thursday reported a doubling in fourth-quarter profit, driven by strong growth in its gold-loan portfolio.
The country's largest gold loan financier posted a 105% jump in net profit to 30.86 billion rupees ($322.26 million) for the quarter ended March 31
Its standalone gold loan assets under management rose 50% year-on-year, taking total AUM 50% higher to 1.63 trillion rupees
Total revenue from operations rose 68.5% to 81.80 billion rupees
Net interest margin or lending margins rose to 13.38% for the quarter from 12.77% in the previous quarter and 11.27% a year earlier
Analysts expected Indian gold loan financiers to see strong loan growth in March quarter amid high prices for the precious metal
Earlier this month, smaller peer Manappuram Finance MNFL.NS reported a bigger-than-expected profit helped by strong gold-loan growth
($1 = 95.7625 Indian rupees)
(Reporting by Nishit Navin; Editing by Ronoojoy Mazumdar)
(([email protected];))
MUMBAI, April 21 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 30 billion rupees ($320.93 million) selling bonds maturing in five years, three bankers said on Tuesday.
The company will pay a coupon of 8.52% and has invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.52 | 20+10 | April 22 | AA+ (Crisil, Icra) |
Nabard Jul 2029 reissue | 3 years and 3 months | 7.4892 (yield) | 42.50 | April 21 | AAA (Icra, Crisil) |
Summit Digitel | 15 years | 7.86 (quarterly) | 19 | April 20 | AAA (Icra, Care) |
L&T Finance | 5 years and 2 months | 7.7942 | 5 | April 20 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 93.4775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, April 21 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 30 billion rupees ($320.93 million) selling bonds maturing in five years, three bankers said on Tuesday.
The company will pay a coupon of 8.52% and has invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.52 | 20+10 | April 22 | AA+ (Crisil, Icra) |
Nabard Jul 2029 reissue | 3 years and 3 months | 7.4892 (yield) | 42.50 | April 21 | AAA (Icra, Crisil) |
Summit Digitel | 15 years | 7.86 (quarterly) | 19 | April 20 | AAA (Icra, Care) |
L&T Finance | 5 years and 2 months | 7.7942 | 5 | April 20 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 93.4775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, April 16 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 30 billion rupees ($321.6 million) for bonds maturing in three years and two months, three bankers said on Thursday.
The company will pay a coupon of 8.45% annually and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 16
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.45 | 30 | April 16 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.2762 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 16 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 30 billion rupees ($321.6 million) for bonds maturing in three years and two months, three bankers said on Thursday.
The company will pay a coupon of 8.45% annually and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 16
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.45 | 30 | April 16 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.2762 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 15 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 30 billion rupees ($10.7 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and two months, three bankers said on Wednesday.
It will pay a coupon of 8.45% annually and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.45 | 20+10 | April 16 | AA+ (Crisil,Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.3600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, April 15 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 30 billion rupees ($10.7 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and two months, three bankers said on Wednesday.
It will pay a coupon of 8.45% annually and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.45 | 20+10 | April 16 | AA+ (Crisil,Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.3600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
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Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vobile Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260216-12026271), on February 16, 2026, and is solely responsible for the information contained therein.
Vobile Group Ltd. has announced a strategic collaboration with Finloop Finance Limited. The partnership will focus on activating the value of IP revenue streams through asset tokenization and strengthening IP rights verification and valuation systems. The companies aim to revitalize dormant IP assets and establish scientific IP valuation standards, supporting the development of Hong Kong's digital economy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vobile Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260216-12026271), on February 16, 2026, and is solely responsible for the information contained therein.
Feb 13 (Reuters) - Shares of India's Muthoot Finance MUTT.NS fell more than 11% on Friday, putting the stock on track for its biggest daily percentage drop since August 2022, as investors questioned the sustainability of an earnings spike.
The gold loan provider on Thursday posted a near doubling of its quarterly profit.
Brokerages said that a large part of the profit came from interest income write-backs on loan recoveries, while core margins softened sequentially and active customer additions dipped.
(Reporting by Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Feb 13 (Reuters) - Shares of India's Muthoot Finance MUTT.NS fell more than 11% on Friday, putting the stock on track for its biggest daily percentage drop since August 2022, as investors questioned the sustainability of an earnings spike.
The gold loan provider on Thursday posted a near doubling of its quarterly profit.
Brokerages said that a large part of the profit came from interest income write-backs on loan recoveries, while core margins softened sequentially and active customer additions dipped.
(Reporting by Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Feb 12 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a surge in third-quarter profit on Thursday, driven by strong loan demand amid record-high gold prices.
The company's profit nearly doubled to 26.56 billion rupees ($293.14 million) for the quarter ended December 31, compared with 13.63 billion rupees a year earlier.
Gold prices XAU= touched multiple record highs in the October to December quarter. Higher prices benefit gold financiers as the value of pledged gold increases, enabling borrowers to secure larger loans against the same quantity of gold.
Additionally, tighter lending conditions in the unsecured loan segment have prompted more borrowers to turn to gold loans as an alternative source of funding.
Muthoot Finance's standalone loan assets under management rose 51% year-on-year to 1.48 trillion rupees at the end of the quarter.
Reflecting robust loan growth so far this fiscal year, the company in November raised its fiscal 2026 gold loan growth outlook to 30%–35%, up from 15% previously.
Interest income for the third quarter jumped about 63% to 71.14 billion rupees.
Asset quality also improved sequentially, with gross stage-three loans — or loans overdue by more than 90 days — declining to 1.58% of total loans at the end of December, from 2.25% three months earlier.
Shares of the company closed 3.4% higher ahead of the results.
($1 = 90.6050 Indian rupees)
(Reporting by Nishit Navin and Brijesh Patel in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)
(([email protected];))
Feb 12 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a surge in third-quarter profit on Thursday, driven by strong loan demand amid record-high gold prices.
The company's profit nearly doubled to 26.56 billion rupees ($293.14 million) for the quarter ended December 31, compared with 13.63 billion rupees a year earlier.
Gold prices XAU= touched multiple record highs in the October to December quarter. Higher prices benefit gold financiers as the value of pledged gold increases, enabling borrowers to secure larger loans against the same quantity of gold.
Additionally, tighter lending conditions in the unsecured loan segment have prompted more borrowers to turn to gold loans as an alternative source of funding.
Muthoot Finance's standalone loan assets under management rose 51% year-on-year to 1.48 trillion rupees at the end of the quarter.
Reflecting robust loan growth so far this fiscal year, the company in November raised its fiscal 2026 gold loan growth outlook to 30%–35%, up from 15% previously.
Interest income for the third quarter jumped about 63% to 71.14 billion rupees.
Asset quality also improved sequentially, with gross stage-three loans — or loans overdue by more than 90 days — declining to 1.58% of total loans at the end of December, from 2.25% three months earlier.
Shares of the company closed 3.4% higher ahead of the results.
($1 = 90.6050 Indian rupees)
(Reporting by Nishit Navin and Brijesh Patel in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)
(([email protected];))
Quantum Secure Encryption Corp. (QSE) has announced the renewal of its enterprise agreement with The Muthoot Group in India. The agreement covers approximately 14,000 user licenses for QSE's secure access and post-quantum readiness platform. The renewal is structured to allow for potential expansion as deployment requirements grow and additional services are introduced. QSE will continue discussions with The Muthoot Group throughout 2026 regarding possible increases in license volumes, adoption of additional platform modules, expanded services, and multi-year contract alignment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quantum Secure Encryption Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 282811) on February 05, 2026, and is solely responsible for the information contained therein.
Quantum Secure Encryption Corp. (QSE) has announced the renewal of its enterprise agreement with The Muthoot Group in India. The agreement covers approximately 14,000 user licenses for QSE's secure access and post-quantum readiness platform. The renewal is structured to allow for potential expansion as deployment requirements grow and additional services are introduced. QSE will continue discussions with The Muthoot Group throughout 2026 regarding possible increases in license volumes, adoption of additional platform modules, expanded services, and multi-year contract alignment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quantum Secure Encryption Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 282811) on February 05, 2026, and is solely responsible for the information contained therein.
By Dharamraj Dhutia
MUMBAI, Jan 30 (Reuters) - Muthoot Finance MUTT.NS, India's largest gold finance company, has accepted bids worth $600 million for dollar-denominated bonds maturing in four years and six months, two merchant bankers said on Friday.
It will offer a yield of 5.75% to investors, below the initial price guidance of 6.1250%.
Financial research firm CreditSights sees the fair value of the issuance at 5.75% and rates it 'market perform', citing the company's strong fundamentals.
In August 2025, Muthoot Finance raised $600 million through a similar bond issue, and another $150 million via a reissue in October.
"We expect a similar fact pattern for the current bond, as $750 million may be too large for the issuer to deploy in a quarter, and so a benchmark new issue should be expected followed by a tap the following quarter," CreditSights said in a note.
Proceeds from the issue will be used for onward lending and other activities, according to traders who requested anonymity as they are not authorised to speak to media.
The bonds are expected to be rated 'Ba1' by Moody's Investors Service and 'BB+' by S&P, in line with the issuer's ratings, the bankers said.
Muthoot Finance did not reply to a Reuters email seeking comment.
This is the third dollar bond sale from India this year after EXIM Bank and an Indian unit of U.S.-listed ReNew Energy Global RNW.O raised an aggregate of $1.6 billion.
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Jan 30 (Reuters) - Muthoot Finance MUTT.NS, India's largest gold finance company, has accepted bids worth $600 million for dollar-denominated bonds maturing in four years and six months, two merchant bankers said on Friday.
It will offer a yield of 5.75% to investors, below the initial price guidance of 6.1250%.
Financial research firm CreditSights sees the fair value of the issuance at 5.75% and rates it 'market perform', citing the company's strong fundamentals.
In August 2025, Muthoot Finance raised $600 million through a similar bond issue, and another $150 million via a reissue in October.
"We expect a similar fact pattern for the current bond, as $750 million may be too large for the issuer to deploy in a quarter, and so a benchmark new issue should be expected followed by a tap the following quarter," CreditSights said in a note.
Proceeds from the issue will be used for onward lending and other activities, according to traders who requested anonymity as they are not authorised to speak to media.
The bonds are expected to be rated 'Ba1' by Moody's Investors Service and 'BB+' by S&P, in line with the issuer's ratings, the bankers said.
Muthoot Finance did not reply to a Reuters email seeking comment.
This is the third dollar bond sale from India this year after EXIM Bank and an Indian unit of U.S.-listed ReNew Energy Global RNW.O raised an aggregate of $1.6 billion.
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
Loan growth, demand revival to aid lenders' December-quarter results
Demand recovery to aid non-bank lenders, gold financiers to lead growth
Private banks expected to outperform state-owned lenders in profit growth
Life insurers to benefit from tax cuts and lower interest rates
Credit momentum gets boost from festive spending and GST cuts
By Nishit Navin and Bharath Rajeswaran
Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.
Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.
Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.
Net interest income (NII) is expected to improve sequentially as loan growth picks up.
"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.
Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.
Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.
The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.
Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.
Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.
By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.
Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.
Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.
Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.
What brokerages expect from December quarter earnings of India's lenders https://reut.rs/49k94da
Brokerages expect profit after tax (PAT) of India's banks to rise in Q3 https://reut.rs/3LuXFOq
Financials lead rise in India's benchmarks helped by supportive policy, attractive valuations https://reut.rs/45LGqz6
(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected];))
Loan growth, demand revival to aid lenders' December-quarter results
Demand recovery to aid non-bank lenders, gold financiers to lead growth
Private banks expected to outperform state-owned lenders in profit growth
Life insurers to benefit from tax cuts and lower interest rates
Credit momentum gets boost from festive spending and GST cuts
By Nishit Navin and Bharath Rajeswaran
Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.
Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.
Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.
Net interest income (NII) is expected to improve sequentially as loan growth picks up.
"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.
Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.
Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.
The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.
Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.
Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.
By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.
Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.
Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.
Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.
What brokerages expect from December quarter earnings of India's lenders https://reut.rs/49k94da
Brokerages expect profit after tax (PAT) of India's banks to rise in Q3 https://reut.rs/3LuXFOq
Financials lead rise in India's benchmarks helped by supportive policy, attractive valuations https://reut.rs/45LGqz6
(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected];))
MUMBAI, Nov 18 (Reuters) - India's Muthoot Finance MUTT.NS is planning to raise up to 17.5 billion rupees ($197.44 million), including a greenshoe option of 12 billion rupees, through the reissue of 7.88% November 2028 bond and 8.03% January 2031 bond, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance 7.88% November 2028 bond Reissue | 3 years | To be decided | 2.5+5 | November 19 | AA+ (Crisil) |
Muthoot Finance .8.03% January 2031 bond reissue | 5 years and 2 months | To be decided | 3+7 | November 19 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.6360 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Nov 18 (Reuters) - India's Muthoot Finance MUTT.NS is planning to raise up to 17.5 billion rupees ($197.44 million), including a greenshoe option of 12 billion rupees, through the reissue of 7.88% November 2028 bond and 8.03% January 2031 bond, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance 7.88% November 2028 bond Reissue | 3 years | To be decided | 2.5+5 | November 19 | AA+ (Crisil) |
Muthoot Finance .8.03% January 2031 bond reissue | 5 years and 2 months | To be decided | 3+7 | November 19 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.6360 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
Aug 14 (Reuters) - Shares of India's Muthoot Finance MUTT.NS jumped 10% to their all-time high on Thursday after the gold lender's quarterly results topped estimates.
Muthoot's shares looked set to gain the most since June 2020, and were last up at a record 2,760.80 rupees.
On Wednesday, it reported a bigger-than-expected 90% surge in first-quarter profit, aided by higher loan demand as prices of the precious metal soared.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; Mobile: +91 9591011727;))
Aug 14 (Reuters) - Shares of India's Muthoot Finance MUTT.NS jumped 10% to their all-time high on Thursday after the gold lender's quarterly results topped estimates.
Muthoot's shares looked set to gain the most since June 2020, and were last up at a record 2,760.80 rupees.
On Wednesday, it reported a bigger-than-expected 90% surge in first-quarter profit, aided by higher loan demand as prices of the precious metal soared.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; Mobile: +91 9591011727;))
BENGALURU, Aug 13 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a bigger-than-expected 90% surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared.
Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts' estimate of 16.24 billion rupees, per data compiled by LSEG.
Gold prices XAU= hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold.
Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, analysts said.
Muthoot Finance's standalone loan assets under management rose 42% year-on-year to 1.2 trillion rupees at the end of the quarter, and interest income jumped about 53% to 55.92 billion rupees.
"We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement.
The company also approved equity infusion of 5 billion rupees and 2 billion rupees in its units, Muthoot Money and Muthoot Homefin, respectively.
($1 = 87.4710 Indian rupees)
(Reporting by Nishit Navin; Editing by Janane Venkatraman)
(([email protected];))
BENGALURU, Aug 13 (Reuters) - Indian gold loan financier Muthoot Finance MUTT.NS reported a bigger-than-expected 90% surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared.
Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts' estimate of 16.24 billion rupees, per data compiled by LSEG.
Gold prices XAU= hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold.
Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, analysts said.
Muthoot Finance's standalone loan assets under management rose 42% year-on-year to 1.2 trillion rupees at the end of the quarter, and interest income jumped about 53% to 55.92 billion rupees.
"We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement.
The company also approved equity infusion of 5 billion rupees and 2 billion rupees in its units, Muthoot Money and Muthoot Homefin, respectively.
($1 = 87.4710 Indian rupees)
(Reporting by Nishit Navin; Editing by Janane Venkatraman)
(([email protected];))
MUMBAI, Aug 5 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($171.6 million) for reissue of November 2027 bonds, three bankers said on Tuesday.
It will offer a yield of 7.85% to the investors of this issue and had invited bids earlier in the day, they said.
The company declined to comments on the matter.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 years and 4 months | 7.85 (yield) | 15 | August 5 | AA+ (Crisil) |
Motilal Oswal Financial | 2 years | 8.50% | 5 | August 5 | AA (Crisil) |
HDB Financial January Reissue | 2 years and 4 months | 7.15% | 5+10 | August 6 | AAA(Crisil) |
Aditya Birla Capital May Reissue | 9 years and 9 months | To be decided | 1.5+4.5 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Aug 5 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($171.6 million) for reissue of November 2027 bonds, three bankers said on Tuesday.
It will offer a yield of 7.85% to the investors of this issue and had invited bids earlier in the day, they said.
The company declined to comments on the matter.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 years and 4 months | 7.85 (yield) | 15 | August 5 | AA+ (Crisil) |
Motilal Oswal Financial | 2 years | 8.50% | 5 | August 5 | AA (Crisil) |
HDB Financial January Reissue | 2 years and 4 months | 7.15% | 5+10 | August 6 | AAA(Crisil) |
Aditya Birla Capital May Reissue | 9 years and 9 months | To be decided | 1.5+4.5 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
July 22 (Reuters) - Muthoot Finance Ltd MUTT.NS:
MUTHOOT FINANCE LTD - GETS TAX DEMAND OF 5.4 MILLION RUPEES WITH INTEREST AND PENALTY
Source text: ID:nNSEMHDbs
Further company coverage: MUTT.NS
(([email protected];;))
July 22 (Reuters) - Muthoot Finance Ltd MUTT.NS:
MUTHOOT FINANCE LTD - GETS TAX DEMAND OF 5.4 MILLION RUPEES WITH INTEREST AND PENALTY
Source text: ID:nNSEMHDbs
Further company coverage: MUTT.NS
(([email protected];;))
MUMBAI, June 25 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 8 billion rupees ($92.97 million) for bonds maturing in two years and five months, three bankers said on Wednesday.
The non-banking finance company will pay an annual coupon of 8.05% and had invited bids from bankers and investors earlier in the day, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 year and 5 months | 8.05 | 8 | June 25 | AA+ (Crisil, Icra) |
Samvardhana Motherson | 5 years | 6.80 | 20.25 | June 25 | AAA (Crisil, India Ratings) |
SMFG India Credit | 3 years | 7.30 | 6.60 | June 25 | AAA (India Ratings) |
Highways Infra Trust | 3 years | 6.95 (quarterly) | 8.00 | June 25 | AAA (Crisil) |
APMDC May 2035 reissue | STRPP | 9.6227 (yield, quarterly) | 55.26 | June 25 | AA- (Care) |
TVS Credit Services | 3 years | 7.50 | 2+6 | June 26 | AA+ (Care) |
Embassy Office Parks REIT | 1 year and 9 months | 6.9650 (quarterly) | 7.50 | June 26 | AAA (Crisil) |
Axis Finance | 3 years | To be decided | 2+3 | June 26 | AAA (Crisil) |
ICICI Bank | 15 years | To be decided | 5+5 | June 26 | AAA (Care, Icra) |
Lakadia Banaskantha Transco | 17 years and 9 months | 7.70 (quarterly) | 4.79 | July 1 | AAA (Crisil, Icra) |
Lakadia Banaskantha Transco | 19 years and 3 months | 7.84 (quarterly) | 1 | July 1 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0480 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 25 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 8 billion rupees ($92.97 million) for bonds maturing in two years and five months, three bankers said on Wednesday.
The non-banking finance company will pay an annual coupon of 8.05% and had invited bids from bankers and investors earlier in the day, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 year and 5 months | 8.05 | 8 | June 25 | AA+ (Crisil, Icra) |
Samvardhana Motherson | 5 years | 6.80 | 20.25 | June 25 | AAA (Crisil, India Ratings) |
SMFG India Credit | 3 years | 7.30 | 6.60 | June 25 | AAA (India Ratings) |
Highways Infra Trust | 3 years | 6.95 (quarterly) | 8.00 | June 25 | AAA (Crisil) |
APMDC May 2035 reissue | STRPP | 9.6227 (yield, quarterly) | 55.26 | June 25 | AA- (Care) |
TVS Credit Services | 3 years | 7.50 | 2+6 | June 26 | AA+ (Care) |
Embassy Office Parks REIT | 1 year and 9 months | 6.9650 (quarterly) | 7.50 | June 26 | AAA (Crisil) |
Axis Finance | 3 years | To be decided | 2+3 | June 26 | AAA (Crisil) |
ICICI Bank | 15 years | To be decided | 5+5 | June 26 | AAA (Care, Icra) |
Lakadia Banaskantha Transco | 17 years and 9 months | 7.70 (quarterly) | 4.79 | July 1 | AAA (Crisil, Icra) |
Lakadia Banaskantha Transco | 19 years and 3 months | 7.84 (quarterly) | 1 | July 1 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0480 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 24 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 10 billion rupees ($116.05 million), which includes 5 billion rupees of a greenshoe option, through sale of bonds maturing in two years and five months, three bankers said on Tuesday.
The non-banking finance company has invited bids from bankers and investors on Wednesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 year and 5 months | 8.05 | 5+5 | June 25 | AA+ (Crisil, Icra) |
L&T Finance | 3 year and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
*Size includes base plus greenshoe for some issues
($1 = 86.1700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 24 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 10 billion rupees ($116.05 million), which includes 5 billion rupees of a greenshoe option, through sale of bonds maturing in two years and five months, three bankers said on Tuesday.
The non-banking finance company has invited bids from bankers and investors on Wednesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 2 year and 5 months | 8.05 | 5+5 | June 25 | AA+ (Crisil, Icra) |
L&T Finance | 3 year and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
*Size includes base plus greenshoe for some issues
($1 = 86.1700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 11 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 10.35 billion rupees ($121 million) for the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Wednesday.
The non-banking finance company had invited bids from bankers and investors on Tuesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on xx
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance May 2028 reissue | 3 years | 8.10 (yield) | 8.60 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance April 2030 reissue | 4 years and 11 months | 8.20 (yield) | 1.75 | June 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.5500 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, June 11 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 10.35 billion rupees ($121 million) for the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Wednesday.
The non-banking finance company had invited bids from bankers and investors on Tuesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on xx
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance May 2028 reissue | 3 years | 8.10 (yield) | 8.60 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance April 2030 reissue | 4 years and 11 months | 8.20 (yield) | 1.75 | June 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.5500 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, June 6 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 18 billion rupees ($210.2 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Friday.
The non-banking finance company will invite bids from bankers and investors on Tuesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years | To be decided | 2+10 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance | 4 years and 11 months | To be decided | 1+5 | June 10 | AA+ (Crisil, Icra) |
Aerogrid Advanced Hosting Solutions | 6 years | MIFOR linked | 15.10 | June 12 | BBB+ (Icra) |
Highways Infra Trust | 16 year and 7 months | 7.40 | 9 | June 6 | AAA (Crisil) |
Cholamandalam Investment May 2027 reissue | 2 years | 7.4271% (yield) | 17.50 | June 5 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6370 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, June 6 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 18 billion rupees ($210.2 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.50% May 2028 and 8.20% April 2030 bonds, three bankers said on Friday.
The non-banking finance company will invite bids from bankers and investors on Tuesday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years | To be decided | 2+10 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance | 4 years and 11 months | To be decided | 1+5 | June 10 | AA+ (Crisil, Icra) |
Aerogrid Advanced Hosting Solutions | 6 years | MIFOR linked | 15.10 | June 12 | BBB+ (Icra) |
Highways Infra Trust | 16 year and 7 months | 7.40 | 9 | June 6 | AAA (Crisil) |
Cholamandalam Investment May 2027 reissue | 2 years | 7.4271% (yield) | 17.50 | June 5 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6370 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, May 30 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 15 billion rupees ($175.5 million), including a greenshoe option of 10 billion rupees, through the reissue of 8.20% April 2030 bonds, three bankers said on Friday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors on Monday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 4 year and 11 months | To be decided | 5+10 | June 2 | AA+ (Crisil, Icra) |
Cholamandalam Investment | 7-year | 8.57 | 5+5 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4600 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, May 30 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 15 billion rupees ($175.5 million), including a greenshoe option of 10 billion rupees, through the reissue of 8.20% April 2030 bonds, three bankers said on Friday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors on Monday, they said.
Muthoot Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 4 year and 11 months | To be decided | 5+10 | June 2 | AA+ (Crisil, Icra) |
Cholamandalam Investment | 7-year | 8.57 | 5+5 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4600 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, May 20 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 20 billion rupees ($234.18 million), including 10 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and three months, three bankers said on Tuesday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors for the issue on Wednesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 3 months | To be decided | 10+10 | May 21 | AA+(Crisil, Icra) |
ICICI Home Finance | 3 year and 3 months | To be decided | 3+3 | May 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4050 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee
)
MUMBAI, May 20 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise 20 billion rupees ($234.18 million), including 10 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and three months, three bankers said on Tuesday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors for the issue on Wednesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 3 months | To be decided | 10+10 | May 21 | AA+(Crisil, Icra) |
ICICI Home Finance | 3 year and 3 months | To be decided | 3+3 | May 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4050 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee
)
** Shares of Muthoot Finance MUTT.NS rise as much as 4.7% to 2,211 rupees before closing up 4.5%
** India's largest gold finance company declares interim dividend of 26 rupees ($0.31) per share
** More than 1.4 mln shares change hands, 1.4x their 30-day avg
** Avg rating of 20 analysts equivalent of "buy", median PT is 2,500 rupees - data compiled by LSEG
** Stock turns YTD positive
($1 = 85.0950 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Muthoot Finance MUTT.NS rise as much as 4.7% to 2,211 rupees before closing up 4.5%
** India's largest gold finance company declares interim dividend of 26 rupees ($0.31) per share
** More than 1.4 mln shares change hands, 1.4x their 30-day avg
** Avg rating of 20 analysts equivalent of "buy", median PT is 2,500 rupees - data compiled by LSEG
** Stock turns YTD positive
($1 = 85.0950 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
MUMBAI, April 4 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 30 billion rupees ($351.8 million) for sale of bonds maturing in three years, as well as in three years and 49 days, three bankers said on Friday.
The non-banking finance company will pay an annual coupon of 8.52% on each issue and had invited bids from bankers and investors earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years | 8.52 | 15 | April 4 | AA+ (Crisil) |
Muthoot Finance | 3 years and 49 days | 8.52 | 15 | April 4 | AA+ (Crisil) |
Tata Capital | 5 years | 7.62 | 7.50+7.50 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 3 years and 3 months | To be decided | 4+7.75 | April 7 | AAA (Crisil, Icra) |
NaBFID | 5 years | To be decided | 10+20 | April 7 | AAA (Crisil, Icra) |
NaBFID | 10 years | To be decided | 20+30 | April 7 | AAA (Crisil, Icra) |
NIIF Infra Finance | 10 years | 7.71 | 3+2 | April 7 | AAA (Care, Icra) |
NIIF Infra | 7 year and 1 month | To be decided | 1+1.50 | April 7 | AAA (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.2825 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 4 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 30 billion rupees ($351.8 million) for sale of bonds maturing in three years, as well as in three years and 49 days, three bankers said on Friday.
The non-banking finance company will pay an annual coupon of 8.52% on each issue and had invited bids from bankers and investors earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years | 8.52 | 15 | April 4 | AA+ (Crisil) |
Muthoot Finance | 3 years and 49 days | 8.52 | 15 | April 4 | AA+ (Crisil) |
Tata Capital | 5 years | 7.62 | 7.50+7.50 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 3 years and 3 months | To be decided | 4+7.75 | April 7 | AAA (Crisil, Icra) |
NaBFID | 5 years | To be decided | 10+20 | April 7 | AAA (Crisil, Icra) |
NaBFID | 10 years | To be decided | 20+30 | April 7 | AAA (Crisil, Icra) |
NIIF Infra Finance | 10 years | 7.71 | 3+2 | April 7 | AAA (Care, Icra) |
NIIF Infra | 7 year and 1 month | To be decided | 1+1.50 | April 7 | AAA (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.2825 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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Popular questions
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What does Muthoot Finance do?
Muthoot Finance offer quick, affordable, and secure gold-backed financing with flexible repayment options and attractive interest rates. The core services or business of the company is gold loans. The company has also diversified into personal and business loans, expanding its footprint nationwide with a robust branch network. The company offer quick, transparent services with simple eligibility and minimal paperwork. Backed by strong ethics and rigorous compliance, the company ensure fairness and integrity in all operations.
Who are the competitors of Muthoot Finance?
Muthoot Finance major competitors are Indian Railway Fin., Power Finance Corpn., Chola Invest & Fin., JIO Financial Serv., REC, L&T Finance, SBI Cards & Payment. Market Cap of Muthoot Finance is ₹1,23,811 Crs. While the median market cap of its peers are ₹1,14,872 Crs.
Is Muthoot Finance financially stable compared to its competitors?
Muthoot Finance seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Muthoot Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Muthoot Finance latest dividend payout ratio is 19.57% and 3yr average dividend payout ratio is 22.1%
How strong is Muthoot Finance balance sheet?
Latest balance sheet of Muthoot Finance is strong. Strength was visible historically as well.
Is the profitablity of Muthoot Finance improving?
Yes, profit is increasing. The profit of Muthoot Finance is ₹10,607 Crs for TTM, ₹5,333 Crs for Mar 2025 and ₹4,324 Crs for Mar 2024.
Is Muthoot Finance stock expensive?
Muthoot Finance is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of Muthoot Finance is 11.69 while 3 year average PE is 15.02. Also latest Price to Book of Muthoot Finance is 3.16 while 3yr average is 2.9.
Has the share price of Muthoot Finance grown faster than its competition?
Muthoot Finance has given better returns compared to its competitors. Muthoot Finance has grown at ~29.48% over the last 2yrs while peers have grown at a median rate of -8.0%
Is the promoter bullish about Muthoot Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Muthoot Finance is 73.35% and last quarter promoter holding is 73.35%.
Are mutual funds buying/selling Muthoot Finance?
The mutual fund holding of Muthoot Finance is decreasing. The current mutual fund holding in Muthoot Finance is 8.77% while previous quarter holding is 9.08%.