Muthoot Finance Q2 net profit jumps 26 pc to Rs 1,251 croreThe company had a net profit of Rs 991 crore in the second quarter of 2023-24 fiscal.
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New Delhi: Muthoot Finance on Thursday reported over 26 per cent jump in net profit at Rs 1,251.1 crore in the second quarter ended September 2024.
The company had a net profit of Rs 991 crore in the second quarter of 2023-24 fiscal.
Muthoot Finance's total revenue from operation rose to Rs 4,117.4 crore during the latest July-September quarter from Rs 3,059.67 crore in the corresponding period a year ago.
In a regulatory filing, Muthoot Finance said its board has approved additional equity infusion of Rs 500 crore in its wholly-owned subsidiary Muthoot Money Ltd.
Shares of Muthoot Finance closed at Rs 1,800, up 1.53 per cent over previous close on the BSE.