Muthoot Finance consolidated net dips 11% YoY to Rs 934 crore in Q3

Total income declines 4% to Rs 3,030 crore, loan assets grow 7% tp Rs 65,000 cr

Muthoot Finance (MFIN), India’s largest gold financing company in terms of loan portfolio, has posted an 11 per cent dip in consolidated net profit during the third quarter of 2022-23 to Rs 934 crore. The firm had posted a net profit of Rs 1,044 crore a year ago.

The company’s total income for the October to December quarter of 2022-23 declined by 4 per cent to Rs 3,030 crore, from Rs 3,168 crore during the same period in 2021-22. The firm's loan assets under management grew 7 per cent to Rs 65,085 crore, from Rs 60,896 crore a year ago.