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Muthoot Finance Gains Over 6% After Profit Rises 22% In March Quarter


Shares of Muthoot Finance were last trading 6.82 per cent higher at Rs 1,510.40 on the BSE.

Share price of Muthoot Finance gained more than six per cent on Thursday, June 3, a day after the good loan finance company announced its January-March quarter results for the financial year 2020-21. On Thursday, Muthoot Finance opened on the BSE at Rs 1438.65, swinging to an intra day high of Rs 1537.20, and an intra day low of Rs 1,428, in the trading session so far. According to a regulatory filing by the company to the stock exchanges, Muthoot Finance reported a net profit of Rs 996 crore on a standalone basis in the March quarter.

The gold loan non-banking finance company (NBFC) reported a net profit of Rs 815 crore in the corresponding quarter of the previous fiscal, marking a 22 per cent jump on a year-on-year basis in the fourth quarter of fiscal 2021.

For the financial year 2020-21, Muthoot Finance reported a standalone profit of Rs 3,722.18 crore, up 23.32 per cent from 3,018.30 crore in the fiscal year 2019-20. Additionally, the company’s standalone loan asset under management (AUM) increased 26 per cent year-on-year to Rs 52,622 crore in the financial year 2020-21.

During the March quarter of fiscal 2021, the company’s gold loan assets increased by Rs. 2,304 crore. According to the statement, Muthoot Finance had declared an interim dividend of 200 per cent – Rs.20 per share of Rs.10 face value for the financial year 2020-21.

On the NSE, Muthoot Finance opened at Rs 1,442.75, inching to an intra day high of Rs 1,537.50 and an intra day low of Rs 1,427, in the session so far. It was last trading 6.80 per cent higher at Rs 1,511.15 on the NSE. In terms of the loan portfolio, Muthoot Finance is the largest gold financing company in the country.

Shares of Muthoot Finance were last trading 6.82 per cent higher at Rs 1,510.40 on the BSE.



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