Muthoot Finance Q1 results: Net profit rises 11%, net interest income 22% up – CNBC TV18

Muthoot Finance Q1 results: Net profit rises 11%, net interest income 22% up – CNBC TV18

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Muthoot Finance has announced its financial results for the first quarter of FY24. The company’s net profit surged by 10.6% to ₹1,078.6 crore, compared to ₹975.1 crore in the same quarter last year.

Additionally, the company reported a significant increase in net interest income (NII), which rose by 21.6% to ₹2,352.7 crore from ₹1,934.9 crore year-on-year.

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