Muthoot Microfin shares surge over 10% after Strong Q3 Performance

Muthoot Microfin witnessed a significant boost in its shares, soaring over 10% in the opening trade on January 30. This surge comes on the heels of the company’s robust performance in the December quarter, where the net profit more than doubled to Rs 124.60 crore compared to the same period in the previous year.

The financial results for October-December revealed a substantial growth in key financial metrics. Net interest income (NII) experienced an impressive surge of 53.07%, reaching Rs 343.07 crore, while total income recorded a notable increase of 52.61%, totaling Rs 584.83 crore.

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As of 10:17 am, Muthoot Microfin shares were trading 10.22% higher at ₹257.70, reflecting the positive market response to the company’s strong Q3 performance.