Moneycontrol
Last Updated : Jan 15, 2018 12:28 PM IST | Source: CNBC-TV18

Expect assets under management for FY18 to be at Rs 2000 cr: Muthoot Capital

Muthoot Capital Services posted a strong set of numbers on a year-on-year basis due to a base effect, but even sequentially the earnings were very strong. In an interview to CNBC-TV18, Madhu Alexiouse, COO of Muthoot Capital spoke about the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Muthoot Capital Services posted a strong set of numbers on a year-on-year basis due to a base effect, but even sequentially the earnings were very strong. In an interview to CNBC-TV18, Madhu Alexiouse, COO of Muthoot Capital spoke about the results and his outlook for the company.

Alexiouse said that nine-month FY18 disbursements have grown by 57 percent.

He further said that two-wheeler business will see 60-65 percent growth in FY18. We will look to improve market share in two-wheeler financing, he added.

We will launch used car finance going ahead, he said.

We are seeing an improvement in asset quality on a monthly basis. Our FY17 gross non-performing asset (NPA) was at Rs 110 crore; current gross NPA is less than Rs 95 crore, said Alexiouse.

On AUM front, he said we expect assets under management (AUM) for FY18 to be at Rs 2,000 crore.

For entire interview, watch accompanying video.
First Published on Jan 15, 2018 12:23 pm
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