Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsMuthoot Finance Q2 net profit jumps 26% to Rs 1,251 crore

    Muthoot Finance Q2 net profit jumps 26% to Rs 1,251 crore

    The company had a net profit of Rs 991 crore in the second quarter of 2023-24 fiscal

    PTI
    November 14, 2024 / 20:30 IST
    Muthoot Finance Q2 net profit jumps 26% to Rs 1,251 crore

    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.

     

    PTI
    first published: Nov 14, 2024 08:30 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347