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Muthoot Finance soars 15%, hits new high on strong December quarter results

The company reported 66% YoY growth in net profit at Rs 803 crore in Q3FY20

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (
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SI Reporter Mumbai
Shares of Muthoot Finance soared 15 per cent to Rs 867 on the BSE on Monday in an otherwise weak market after the company reported 66 per cent year on year (YoY) growth in net profit at Rs 803 crore in December quarter (Q3FY20). It had profit of Rs 485 crore in the year-ago quarter.

The stock of the non-banking finance company (NBFC) hit a new high, surpassing its previous high of Rs 800 recorded on January 17, 2020. The trading volumes on the counter jumped 9-fold with a combined 11.7 million shares changing hands on the NSE and