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.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires