Muthoot Finance surges 9% on strong Q2 results

The company reported a healthy 41 per cent year-on-year (YoY) growth in profit before tax (PBT) at Rs 1,047 crore for September quarter (Q2FY20), on the back of strong operational income.

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar

Premium

SI Reporter Mumbai

3 min read Last Updated : Nov 14 2019 | 12:02 PM IST

Shares of Muthoot Finance surged nine per cent to Rs 711 in the intra-day trade on the BSE on Thursday after the company reported a healthy 41 per cent year-on-year (YoY) growth in profit before tax (PBT) at Rs 1,047 crore for September quarter (Q2FY20), on the back of strong operational income.

The stock of the non-banking finance company (NBFC) was trading close to its all-time high level of Rs 718 touched on October 31, 2019.

The company’s net interest income (NII) jumped 32 per cent YoY to Rs 1,467 crore against Rs 1,114 crore in the corresponding

Topics : Muthoot Finance Buzzing stocks Muthoot Finance stock

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in