Muthoot Finance announced Q1FY23 results: Consolidated Loan Assets Under Management stood at Rs.63,444 crore, up by 9% YoY Consolidated Profit after Tax stood at Rs.825 crore for Q1 FY23 Standalone Loan Assets Under Management stood at Rs.56,689 crore, up by 8% YoY Standalone Profit after tax stood at Rs.802 crore for Q1 FY23 Speaking about the results, Mr. George Jacob Muthoot, Chairman, Muthoot Group said, “We continue to deliver stellar performance in gold loan space. Though there is a dip in loan assets during the quarter, we have achieved a YoY growth of 9% in loan assets at Rs.63,444 crore. High frequency indicators suggest recovery in economic activity, with strong urban demand environment though the rural demand is still reviving. The Indian economy has been resilient and we are optimistic about steady demand conditions for gold loans coupled with the huge untapped opportunity in gold loan segment. The RBI approval for opening new 150 branches, coupled with the recent digital initiatives, gold Loan@home service will help us further expand and tap new customers." Result PDF