Highlights:

The asset under management of the company has increased 24% to Rs 58280 crore end March 2021. The Asset under management on stand-alone basis has increased 26% to Rs 52600 crore end March 2021.

The share of gold loan segment has increased to 90% of overall AUM from 88% a year ago.

The housing loan book is on growth path, while the company is expecting good disbursements in the housing finance segment for FY2022.

The loan book of Belstar microfinance has increased 25% to Rs 3300 crore end March 2021.

The insurance broker has posted healthy profit of Rs 32 crore.

The Sri Lankan subsidiary has increased the share of gold loans to 50% within a span of 8 years, while the company aims to raise the share of gold loans to 90% in line with the Muthoot Finance.

Vehicle finance loan book has degrown, while the company is planning to restart the business from next month.

The focus is on growing gold loan book even at the cost of the degrowing non gold loan book.

The LTV for gold loans stands at 66%, while the maximum LTV offered stands at 75%.

The company expects rating upgrade to help reduce cost of funds.

On business front, the disbursements have been impacted due to lockdown in April and May, while the business is showing pick up from June 2021.

The company is targeting loan growth of 15% for FY2022.

The collection efficiency in Home finance stood at 99% and Muthoot Money CE at 97% in March 2021.