Muthoot Finance's net profit surged 26% to Rs 1,251 crore in Q2 FY25, driven by strong revenue growth. The company also approved additional equity infusion in its subsidiary.
New Delhi, Nov 14 (PTI) 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.
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