Muthoot Finance Q2 Results: Profit rises 20.6% to ₹1,321 crore, revenue up 37% | Stock Market News
Source: Live Mint
Gold Financier Muthoot finance announced its results for the quarter ending September 2024 on Thursday, November 14.
The Company’s consolidated net profit came in at ₹1321 crore in Q1FY25, up 20.6 percent as against ₹1095 crore in the same period last year. Meanwhile, it total revenue from operations increased almost 37 percent to ₹4929 crore versus ₹3606 crore in the year-ago period.
For the first half of the financial year 2024-35 (H1FY25), the company’s net profit climbed 17.6 percent to ₹2,517 crore from ₹2,140 crore in H1FY24. Whereas, its revenue from operations rose 33 percent to ₹9,402.6 crore as compared to ₹7,077.8 crore from the same period last year.
Muthoot Finance’s board has approved an additional equity infusion of ₹500 crore into its wholly-owned subsidiary, Muthoot Money Ltd.
The NBFC stock ended 1.5 percent higher at ₹1,800 on Thursday, November 14.
