 "The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August")
Muthoot Finance (MFIN), India’s largest gold financing company in terms of loan portfolio, posted a net profit of Rs 802 crore during the first quarter of 2022-23, down 17 per cent from Rs 971 crore during the first quarter of 2021-22.
Total income for the quarter under review was seen down by 8 per cent to Rs 2,509 crore as against Rs 2,715 crore during the same quarter in 2021-22. During the quarter, loan Assets stood at Rs 56,689 crore as compared to Rs 52,614 crore in the same quarter last year, registering a growth of 8 per cent year-on-year.
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