Muthoot's net interest margins declined to 11.3% vs 11.6% led by increase in cost of funds during Q4 FY25. (Photographer: Vijay Sartape/NDTV Profit)
Muthoot Finance's gold AUM growth remain strong backed by high gold prices and moderating competitive intensity. Growth guidance has been maintained at 15%, though the brokerage expects the new draft norms to significantly influence loan-to-value, and this impact will remain a hangover.