Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans and breaches in borrowing covenants. The asset quality crisis led to a full-year net loss of Rs 223 crore, contrasting with the previous year’s profit.
2 top stock recommendations from CA Rudramurthy
CA Rudramurthy BV advises buying on dips in Nifty until it stays above 25,000, with 25,200 as strong support. He suggests similar strategy for Bank
July 4, 2025