Muthoot Finance has reported a 26.3% increase in net profit for the second quarter of FY25, reaching ₹1,251.1 crore compared to ₹991 crore in the same period last year.

Net interest income (NII) rose 35.5% to ₹2,518.1 crore from ₹1,858.4 crore year-over-year.

The company’s total revenue from operations climbed to ₹4,117.4 crore during the July-September period, up from ₹3,059.67 crore in the prior year’s corresponding quarter.

Muthoot Finance’s board has greenlit an additional equity infusion of ₹500 crore into its fully-owned subsidiary, Muthoot Money.

For the first half of FY25, the non-banking financial company’s (NBFC) net profit rose 17.6% to ₹2,517 crore, up from ₹2,140 crore in first half of FY24. Revenue from operations for this period grew by 33%, totaling ₹9,402.6 crore as opposed to ₹7,077.8 crore in the prior year.

Last month, Muthoot Finance raised ₹3,350 crore through the issuance of Senior Secured Notes under its $2 billion Global Medium Term Note Program.

The notes, which carry a coupon rate of 6.375% per annum, will mature in 4.5 years, with an average duration of 4 years. The offering saw significant interest, with the order book exceeding $1.3 billion and an oversubscription rate of 3.9 times, drawing participation from over 125 global investors.

Muthoot Finance operates over 4,800 branches across 30 states in India and serves more than 250,000 retail customers daily for gold loans and other products.

Muthoot Finance’s stock closed 1.5% higher at ₹1,800 on Thursday, November 14.