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Business EconomyPosted at: Nov 9 2024 7:38PM


Muthoot FinCorp net up over 28 percent at Rs 269.37 crore in Q2

New Delhi, Nov 9 (UNI) Muthoot FinCorp Limited, the flagship company of Muthoot Pappachan Group (Muthoot Blue) on Saturday reported over 28 percent jump in Profit after Tax y-o-y at Rs 269.37 crore in Q2 FY25.
The consolidated loan disbursements stood at Rs 15,633.50 crore, representing a 9.34 percent increase from Q2 FY24. The unaudited consolidated revenue for Q2 Fy25 grew to Rs 2,113.78 crore up by 35.48 percent compared to Q2 Fy24, the company said in a release.
The Loan Assets under Management (AUM) reached Rs 41,873.15 crore, with a net profit of Rs 269.37 crore, an increase of 28.46 percent from the corresponding quarter (Q2 FY24).
On a standalone basis, Muthoot FinCorp’s disbursements stood at Rs 12,741.80 crore, up by 11.34 percent in Q2 FY24.
“Muthoot FinCorp’s performance in Q2 FY25 underscores the company’s commitment to financial empowerment through accessible, customer-centric solutions. By introducing products that meet the specific needs of our customers—whether it's a micro-business looking for expansion capital or individuals aspiring to a secure financial future—we are pushing the boundaries of traditional financial services.
This quarter’s results reflect our resilience and the continued trust of our customers. We remain dedicated to supporting their aspirations and contributing to their financial security, as we build on our legacy of service and innovation.” said Thomas John Muthoot, Chairman of Muthoot FinCorp Limited.
Reflecting on the quarter’s achievements, Mr. Shaji Varghese, CEO of Muthoot FinCorp Limited, said, “We are excited to share the Q2 FY25 results with you. We have seen substantial traction across the market, and we look forward to strengthen our product offering further in the coming quarters. With gold loans as our flagship service, we will continue our drive to move from product to segment ensuring to meet the lifecycle needs of our customers.
This quarter’s results reflect our resilience and the continued trust of our customers, and we remain dedicated to being a catalyst to meet their aspirations while contributing to nation building.”
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