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Muthoot Microfin Q1 profit jumps 13-fold on stronger loan growth
Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit costs and improved asset quality. Gross loan portfolio grew 18%, while net interest margin remained stable at 12%.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Higher funding costs, rising competition may weigh on Muthoot Finance
Muthoot Finance shares dropped nearly eight percent after reporting lower net interest margins. Loan yields are expected to remain under pressure this year due to rising costs.…
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Muthoot Microfin Q1 profit jumps 13-fold on stronger loan growth
Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit costs and improved asset quality. Gross…