Muthoot Finance gains on reporting 17% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Muthoot Finance is currently trading at Rs. 1687.35, up by 14.05 points or 0.84% from its previous closing of Rs. 1673.30 on the BSE.
The scrip opened at Rs. 1700.00 and has touched a high and low of Rs. 1745.20 and Rs. 1680.00 respectively. So far 20668 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1761.95 on 28-May-2024 and a 52 week low of Rs. 1105.05 on 12-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1761.95 and Rs. 1666.85 respectively. The current market cap of the company is Rs. 68099.94 crore.
The promoters holding in the company stood at 73.35%, while Institutions and Non-Institutions held 23.04% and 3.60% respectively.
Muthoot Finance has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 17.02% rise in its net profit at Rs 1056.29 crore for the quarter under review as compared to Rs 902.66 crore for the same quarter in the previous year. Total income of the company increased by 19.37% at Rs 3418.40 crore for Q4FY24 as compared Rs 2863.80 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 17.14% rise in its net profit at Rs 1182.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 1009.26 crore for the same quarter in the previous year. Total income of the company increased by 26.71% at Rs 4179.42 crore for Q4FY24 as compared Rs 3298.36 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 16.58% rise in its net profit at Rs 4049.67 crore as compared to Rs 3473.53 crore for the previous year. Total income of the company increased by 20.39% at Rs 12694.04 crore for year under review as compared to Rs 10543.75 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 21.74% rise in its net profit at Rs 4467.59 crore as compared to Rs 3669.77 crore for the previous year. Total income of the company increased by 26.62% at Rs 15162.74 crore for year under review as compared to Rs 11975.01 crore for year ended March 31, 2023.
