Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 crore
60-Word AI Digest
Muthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42% to Rs 2.09 lakh crore. However, standalone gross NPA ratio rose to 3.87% from 2.28% in the previous quarter, indicating a deterioration in asset quality
Key Takeaways
- Muthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42% to Rs 2.09 lakh crore.
- However, standalone gross NPA ratio rose to 3.87% from 2.28% in the previous quarter, indicating a deterioration in asset quality
- Full details and original dispatch available below.
Muthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42% to Rs 2.09 lakh crore. However, standalone gross NPA ratio rose to 3.87% from 2.28% in the previous quarter, indicating a deterioration in asset quality
Original Publisher Attribution
This summary was curated from Economic Times.