 "Muthoot Microfin Q4 results: Net profit jumps 27% to Rs 120 crore")
Muthoot Microfin on Monday reported a 27 per cent rise in its profit after tax at Rs 119.76 crore during March quarter of 2023-24.
The non-banking finance company had reported a profit after tax (PAT) of Rs 94.56 crore in the corresponding fourth quarter of FY23, according to a regulatory filing.
The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period.
For 2023-24 fiscal, PAT grew over two-fold to Rs 450 crore.
The NII rose 56 per cent to Rs 1,361 crore in FY24.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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