Muthoot Finance witnessed a near 1% surge in its shares as of 10:03, trading at ₹1,383.65.
The gold loan-focused non-bank lender reported a significant 21.8% year-on-year increase in its Gold Assets Under Management (AUM).
For the third quarter ending December 31, 2023, Muthoot Finance posted a robust 13.9% rise in net profit, amounting to ₹1,027.3 crore compared to ₹901.7 crore in the same period last year. Additionally, the company’s Net Interest Income (NII) grew by 11.8%, reaching ₹1,905.7 crore from ₹1,704 crore in the corresponding quarter of FY23.
