Muthoot Finance Q1 Results: Standalone profit surges 90% to Rs 2,046 crore on strong loan growth

Muthoot Finance witnessed a significant profit increase in the first quarter. The gold loan financier’s profit surged by 90%. This growth was fueled by higher gold prices and increased loan demand. Loan assets under management also rose considerably. The company plans to invest in its subsidiaries, Muthoot Money and Muthoot Homefin.

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