The microfinance company had spent a net loss of RS 401 Crore in the fourth quarter of FY25.
The gross non-performing asset ratio rose to 4.85%at the end of June at the end of June. His assets under management was on RS 12253 Crore, hardly changed compared to the position of the year ago.
The lender made considerably higher provisions in the first quarter to cover bad loans at RS 125 Crore compared to RS 71 Crore in the period of the year ago. Provisions, albeit, were much higher at RS 652 Crore in the fourth quarter.
However, it did not make a management overlay as last year, given the improvement of the collection efficiency, the company said in a legal submission to fairs.
During the FY25 it created a management overlay of RS 230 Crore including RS 133 Crore to monitor the impact due to the implementation of Karnataka Micro Loan and small loan (prevention of coercion of the actions) regulation. of higher interest or a recall of the facility will be called by the lenders due to such an infringement; And from the date of these financial results, none of the lenders have intimated about initiating a remediating action, “said it in the regulatory submission.
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