Muthoot Finance: Gold loan growth solid; stock worth a buy?
Muthoot Finance Ltd reported an operationally healthy March quarter, with a strong 41 per cent year-on-year (YoY) growth in gold loans. Profit for the Kochi-based NBFC grew 42.7 per cent YoY in Q4, led by robust loan growth, controlled increase in opex and sequential decline in provisions. Net interest margin (NIM), however, fell sequentially. While
