Muthoot Finance Ltd News
Muthoot Finance shares rise 7% on strong Q3; PAT up 22%, revenue 36% YoY
On Wednesday, after market hours, Muthoot Finance reported a 22 per cent rise in net profit during the third quarter to Rs 1,392 crore, as compared to Rs 1,145 crore in Q3FY24
Muthoot Finance Q3 results: Net profit rises 22% to Rs 1,392 crore
The company's total revenue from operations also increased by 36 per cent to Rs 5,189 crore, compared to Rs 3,820 crore during the same period in FY24
Gold at $2,900: Should you buy or sell Muthoot, Manappuram Finance shares?
Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.
Muthoot Finance hits new high on strong earnings hope; up 31% from Nov low
With a favorable demand outlook for gold loans driven by reduced competition from banks and limited availability of unsecured credit, the company is well positioned to maintain its growth momentum.
New Year, New Highs: How to trade in Muthoot Finance, Kaynes Tech, Praj?
Muthoot Finance, Blue Star, Coromandel Fertilisers, Praj, Kaynes Technology, Lloyd Metals, IPCA Labs and Radico Khaitan were the 8 stocks to hit a new life-time high on January 1, 2025.
Muthoot Finance hits new high; up 22% within 2 months on strong Q2 results
Since November 18, the market price of Muthoot Finance soared 22 per cent after for FY25 the company revised its gold loan growth guidance upwards to 25 per cent from earlier guidance of 15 per cent.
Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why
Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50
Muthoot Finance gains 7% as Q2 profit increases 21%, revenue up 37%
In the September quarter, the company reported a 21 per cent year-on-year (Y-o-Y) growth in the consolidated net profit to Rs 1,321 crore, compared to Rs 1,095 crore
Belstar Microfinance to prioritise consolidation over growth in coming qtrs
MFI's stressed loans rise sharply to 3.5% in September from 1.47%
Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr
Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24
Muthoot Finance Q2FY25 results: Net profit jumps 26% to Rs 1,251 crore
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.
Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time
The country's largest gold finance company will pay a semi-annual coupon of 6.3750 per cent on this issue, the bankers said, adding that bids opened on Wednesday and closed earlier in the day
Google, Muthoot Finance tie up to provide gold-backed loans through GPay
Global tech titan Google on Thursday said it has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay. Google also announced that from October 3, 2024, its AI assistant Gemini Live will be available in Hindi, and later eight more Indian languages will be included. These announcements were made by the company officials at the 10th edition of 'Google for India' event here. GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India. People across India can now access this credit product, with affordable interest rates and flexible usage options--delivering flexibility to the borrower, and security to the lender, Google said. As regards AI assistant Gemini Live, Hema Budaraju, Senior Director, Product Management, Google India, said that over 40 per cent of the Gemini users rely on voi
Navratri 2024: How are FII, DII, retail investors positioned in the market?
Derivatives market update for Oct 03: Dhupesh Dhameja of SAMCO Securities sees max pain for Nifty at 25,750 and Bank Nifty at 52,900 based on the existing options data.
Gold financiers under RBI's lens: Muthoot, Manappuram Finance slip over 3%
Muthoot Finance, Manappuram Finance shares slipped after the RBI found several irregular practices being followed by gold loan financiers
F&O Insights: FIIs up long bets in Nifty; 7 stocks in F&O ban today
Derivatives market update for Sept 16: Bank Nifty Sept futures traded at a discount to spot for the 2nd straight day on Friday. Among stocks, Muthoot Fin, Can Fin Homes, Bharat Forge saw long buildup.
