Muthoot Microfin Q2: Net Profit Surges Over 300% YoY To Rs110.78 Cr On Strong Disbursements And Margin Expansion
India, Nov. 6 -- The company is a non-banking financial company-microfinance institution (NBFC-MFI) and part of the Muthoot Pappachan Group. The company primarily provides microloans to women entrepreneurs, particularly in rural and semi-urban areas, to support small businesses and income-generating activities.
The Nifty 50 traded at 24,559.75, up by 0.04%, while the Sensex gained to 79,584.34, up by 3.5% on Friday. The shares of Muthoot Microfin are currently trading at Rs. 153.04, down by 3.10%. The company has a market capitalisation of Rs. 2,608.53 crore. The stock's 52 week high is Rs. 262.77 and its 52 week low is Rs. 134.11. In the past 6 months, the stock has delivered a return of -28.78%.
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