The price of share of Muthoot Finance hit a peak of Rs 2,335 per share which also is an intraday high, on the BSE because of good performance in Q3, registering a rise of 7%. BSE experienced the price being traded around 11:39 AM at Rs 2,312, and this is a 6% increase when the BSE Sensex rose to 0.64% and was on display at 76,656.56 at that time. The company's market capitalization was about Rs 92,818.45 crore. The stock recorded a 52-week high at Rs 2,335 and its 52-week low stood at Rs 1,262.25.
Post market hours on Wednesday, Muthoot Finance declared an increase under net profit by 22% for the third quarter, showing an amount of Rs 1,392 crore as against Rs 1,145 crore during Q3FY24 to this extent.
Revenue Hike of Total Operations was 36%-y-o-y Rs 3,820 crore to Rs 5,189 crore. As of quarter end, interim consolidated loan assets under management grew by 34% to Rs 111,308 crore as opposed to Rs 82,773 crore last year.
Further, MHIL, which is the subsidiary of Muthoot Finance, said that the loan asset under management for Q3 FY25 increased 52.5% YoY from Rs 1,783 crore in Q3 FY24 to Rs 2,720 crore.
"We are glad to report continued growth momentum on quarter-on-quarter basis with our Consolidated Loan Assets Under Management crossing another milestone of Rs 1,11,000 crore, while our Standalone Loan AUM surpassing Rs 97,000 crore. The contribution of subsidiaries stands at 14 per cent. Additionally, our Consolidated profit after tax for 9M FY25 increased by 19 per cent Y-o-Y to Rs. 3,908 crore," said George Jacob Muthoot, chairman, The Muthoot Group.
Muthoot Finance is an AXIS-as-a-service non-banking-funding-company, and it is mostly famous for its gold loan services. Holding a pretty vast network of branches throughout the nation, it also offers a variety of financial products and includes gold loans, personal loans, and money transfer services.
