Gold financier Muthoot Finance on Thursday, November 14 announced its results for the quarter ending September 2024.
Consolidated net profit of the company came 1321 crore in Q1FY25, 20.6 percent more than It was Rs 1095 crore in the same period last year. Meanwhile, its total revenue from operations increased by nearly 37 percent 4929 crores vs In the year-ago period it was Rs 3606 crore.
Net interest income (NII) increased by 35.5 percent to Rs 2,518.1 crore Rs 1,858.4 crore year-on-year.
The company’s net profit increased by 17.6 percent in the first half of the financial year 2024-35 (H1FY25) to Rs 2,517 crore 2,140 crore in H1FY24. While its revenue from operations increased by 33 percent Rs 9,402.6 crore compared to Rs. Rs 7,077.8 crore from the same period last year.
Muthoot Finance’s board approves additional equity investment Rs 500 crore in its wholly owned subsidiary Muthoot Money Limited.
NBFC stocks closed 1.5 percent higher 1,800 on Thursday, November 14.
