Muthoot Finance has announced its FY11 results. The company's FY11 net profit was up at Rs 494 crore versus Rs 227 crore and its income from operations was up at Rs 2,298 crore versus Rs 1,077 crore.
George Alexander Muthoot, MD of Muthoot Finance, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, gave his perspective of the fourth quarter performance and their divulged future plans. Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: What do you expect to see in terms of an interest income growth in FY12? Can you maintain margins at this 10% plus rate?
A: We have been able to maintain 9-10% margin in the last two-three years. Hopefully, we will be able to maintain the interest rate NIM margin of 9% plus in the coming years also. Q: What kind of potential are you seeing in the organised gold loan market? You are sitting on about 20% market share or so. The last loan portfolio for Muthoot looked like about Rs 13,000 crore portfolio. How much do you think you could scale that up by?
A: As on date, the portfolio is more than Rs 16,000 crore. We have been growing the portfolio in the last two years by over 100%. Since the base it is going up, we won
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