I suppose its due to their diversification in microfinance.
Operating margin for Muthoot is in mid 40s, Manappuram in mid 30s and IIFL in mid 20s
Muthoot Finance (FY23)
- Gold loans: 98.4%
- Non-gold loans: 1.6%
Manappuram Finance (FY23)
- Gold loans: 58.4%
- Non-gold loans: 41.6%
| Subscribe To Our Free Newsletter |
