Muthoot Finance gains 7% as Q2 profit increases 21%, revenue up 37%

Quick Summary:

Of this, the gold loan portfolio expanded by 28 per cent Y-o-Y to Rs 86,164 crore.

The total revenue from operation stood at Rs 4,928.82 crore as compared to Rs 3,606.13 crore a year ago which implies an increase of 36.6 per cent.

The primary offering of Muthoot Finance is gold loans, where individuals can pledge gold jewellery to secure quick, short-term loans.

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Category: BusinessFinance

Markets: India

Topics: Reserve bank of india on gold financers Rbi on gold loans Buzzing stocks Stock market today Gold loan lenders Muthoot finance share price Nse nifty Bse sensex Muthoot Finance share Gold loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 09:56:26 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23648281

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