Muthoot Finance Q1 results: Beats quarterly profit view on strong loan growth – Industry News
Indian gold loan financier Muthoot Finance reported a bigger-than-expected 90 per cent surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared. Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts’ estimate of 16.24 billion rupees, per data compiled