Muthoot Finance The share price is expected to be in the headlines during Monday’s trading session after the non-bank lender of Kerala was declared in exchanges today (Friday, March 14). 1 lakh crore. By the end of the December quarter, Oum Muthoot was for Finance’s Gold Loan Segment 92,964 crores, one year-over year growth of 34.3% and a fourth-limit increase of 7.9%.
The company said in its exchange filing, “This remarkable achievement underlines the trust and belief of our lenders, investors, customers and all other stakeholders and confirms our commitment to consistent value and development.”
Managing Director, George Alexander Muthoot mentioned that such as Muthoot Finance moves forward, the emphasis will be on continuous growth, innovations centered around the needs of customers, and digital progress that will further enhance their leadership in the NBFC sector.
Q3 results
Muthoot Finance declares net profit 1,389 crore for Quarter ended on 31 December2024, on 12 February. It represents an increase of about 26 percent in comparison 1,104 crore net profit from the same quarter of the previous financial year.
Meanwhile, the company’s operational revenue increased by 36 percent year after year, 5,190 crores for the reported quarter. Previously, it posted revenue from operation 3,820 crores during the quarter equal to FY24. Apart from this, a significant increase in the interest income of Muthoot Finance was also seen. 5,067 crore.
Muthoot finance share price
In Thursday’s session, the price of Muthoot Finance Share decreased by about 1% 2,196.40 Apis on BSE. The price of Muthoot Finance Share has increased by 66.26% from the lowest level of 52-week 1,321 per share. The Indian market is closed today, Friday, March 14 due to Holi.
Muthoot Finance is the largest company in India for finance of gold based on its debt portfolio. Located in Kerala, the firm provides individual and professional loans supported by gold jewelery, known as a loan of gold, mainly for individuals who own gold jewelry, but struggle to get a formal credit, or who cannot have a complete access to the credit, to meet the needs of unpredictable or other short -term cash flows.
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