Motilal Oswal: Muthoot Finance Reports Highest Sequential AUM Growth In A Decade
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Motilal Oswal Report
Muthoot Finance Ltd.’s Q2 FY21 profit after tax increased 4% YoY to Rs 8.9 billion (4% beat).
The quarter was characterized by best sequential loan growth of 14% (since FY12), stable spreads and sharp improvement in asset quality.
In H1 FY21, net income/profit after tax increased 18%/25% YoY to Rs 31.7 billion/Rs 17.4 billion.
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