Muthoot Finance Q2 Results 2024:Muthoot Finance has announced its Q2 results for the fiscal year 2024, revealing a robust financial performance. The company reported a profit of ₹1271.6 crore, reflecting a year-on-year increase of 20.01%. Revenue surged to ₹4905.73 crore, marking a remarkable 36.4% growth compared to the same quarter last year.
In comparison to the previous quarter, Muthoot Finance experienced a revenue growth of 10.4% and a profit increase of 9.24%. This consistent upward trend demonstrates the company’s resilience and effective strategies in navigating market challenges.
However, the company’s selling, general, and administrative expenses have risen by 2.43% quarter-on-quarter and 25.78% year-on-year, indicating increased operational costs that may need to be monitored moving forward.
The operating income also showed positive momentum, climbing 9.59% quarter-on-quarter and 21.98% year-on-year, which adds to the overall positive sentiment surrounding the company’s financial health.
Muthoot Finance reported an earnings per share (EPS) of ₹39.34 for Q2, an impressive increase of 41.02% year-on-year, further highlighting the company’s profitability.
Despite a slight decline of -2.63% in the last week, Muthoot Finance has delivered a notable 20.29% return year-to-date, with a 4.66% return over the last six months. The market capitalization currently stands at ₹71293.96 crore, with a 52-week high of ₹2078.75 and a low of ₹1261.9.
Among 21 analysts covering Muthoot Finance, there is a mixed sentiment with 1 strong sell, 2 sell, 4 hold, 7 buy, and 7 strong buy ratings. The consensus recommendation as of 15 Nov, 2024, leans towards buying the stock, indicating positive outlook among market experts.
Muthoot Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4905.73 | 4443.78 | +10.4% | 3596.5 | +36.4% |
| Selling/ General/ Admin Expenses Total | 530.22 | 517.62 | +2.43% | 421.56 | +25.78% |
| Depreciation/ Amortization | 24.86 | 25.84 | -3.77% | 22.18 | +12.09% |
| Total Operating Expense | 3155.62 | 2846.77 | +10.85% | 2161.73 | +45.98% |
| Operating Income | 1750.12 | 1597.01 | +9.59% | 1434.77 | +21.98% |
| Net Income Before Taxes | 1801.78 | 1645.7 | +9.48% | 1470.21 | +22.55% |
| Net Income | 1271.6 | 1164.03 | +9.24% | 1059.62 | +20.01% |
| Diluted Normalized EPS | 39.34 | 35.77 | +9.98% | 27.9 | +41.02% |
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