Muthoot Microfin Reports Mixed Q3 Performance with Revenue Growth Amid Profit Pressure

Muthoot Microfin Limited, India's third-largest NBFC-MFI, posted mixed results for Q3 FY2024, with total revenue from operations reaching ₹6.81 billion, marking a significant increase from the previous quarters. However, the company's quarterly profit stood at ₹38 million, showing a substantial decline compared to ₹124.57 crore in the same quarter last year. The revenue growth reflects the company's expanding market presence and loan portfolio, while the reduced profit margins indicate increased operational costs and provisions in the challenging microfinance sector.

Source: Moneycontrol