Muthoot Finance Q2 Profit Misses Expectations, Rises 14.3% to Rs 991 Crore

10 Nov 2023 , 11:49 AM

Muthoot Finance Q2 profit rises 14.3% to Rs 991 crore. Finance costs surge over 28%, leading to total expenses rising nearly 30% to Rs 1,743 crore.

Standalone loan assets under management grow 21% to Rs 690,020 crore for the half-year ended Sept. 30. Gold prices, up over 20% YoY, positively impact interest income, which rises nearly 22% to Rs 3,015 crore. Muthoot Finance’s performance affected by high finance costs amid the central bank’s steady lending rate.

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