Business Standard

Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock

Motilal Oswal Financial Services believes FY23 will be a difficult year for Muthoot with a clear trade-off between growth and margin

The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August

SI Reporter New Delhi
Shares of Muthoot Finance sunk 9.4 per cent to Rs 1,029 per share on the BSE in Friday's intra-day trade after the gold financier reported a weak set of number for January-March quarter of FY22 (Q4FY22). At 10:30 AM, its shares quoted at Rs 1,060, down about 7 per cent, as against 0.6 per cent rise in the benchmark S&P BSE Sensex. 

India's largest gold financing company on Thursday reported a 4 per cent decline in standalone profit at Rs 960 crore as compared to Rs 996 crore profit reported during the corresponding period last year. The company's standalone income also

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First Published: May 27 2022 | 10:50 AM IST

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