220 per cent dividend announced: This NBFC reported the highest-ever quarterly gold loan disbursement

The company announced an interim dividend of Rs 22 per equity share for the financial year FY23.

On Monday, Muthoot Finance's stock price increased by more than 6 per cent after the business announced results for Q4FY23. On the BSE, the stock price rose by 6.88 per cent to 1,105.90 per share. 

Muthoot Finance Ltd, the country's largest gold loan NBFC, announced the highest-ever quarterly gold loan disbursement of Rs 51,850 crore in Q4FY23, as well as an all-time high gold loan growth of Rs 5,051 crore during the period. The company announced an interim dividend of 22 per equity share for FY23, representing 220 per cent in percentage terms. 

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Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loans (financing) against the collateral of gold jewellery. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, etc. 

Today, the shares of Muthoot Finance Ltd are currently trading at Rs 1103.65, up by 68.90 points or 6.66 per cent from its previous closing of Rs 1,034.75 on the BSE. The scrip opened at Rs 1,042.05 and has touched a high and low of Rs 1,112.45 and Rs 1,042.05, respectively. So, far 43,073 shares traded on the counter. 

The company is currently trading at a PE of 12.8X against the industry PE of 24.6X. In FY23, the company delivered an ROE and ROCE of 17.6% and 12%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 44,406.20 crore.