Overview
- Muthoot Finance reported standalone net profit of Rs 2,345 crore for the September quarter versus Rs 1,251 crore a year earlier.
- Net interest income rose 58.5–59% year-on-year to Rs 3,992 crore, driven by the core gold-loan business.
- Consolidated loan AUM reached a record Rs 1,47,673 crore, with standalone AUM at about Rs 1,32,000 crore, up 47% year-on-year.
- The board approved issuance of up to Rs 35,000 crore in redeemable NCDs via private placement and sanctioned an additional Rs 500 crore investment into Muthoot Money.
- The stock touched an all-time high of Rs 3,406.35 before closing about 2% higher, while Bloomberg’s average 12-month target implies downside from current levels.