Muthoot Microfin has initiated loan disbursals under its co-lending partnership with the State Bank of India (SBI), the country`s largest lender. Under this collaboration, SBI has sanctioned Asset creation cap of Rs 500 crore, to be disbursed in tranches of Rs 100 crore. Loans ranging from Rs 50,000 to Rs 3 lakhs will be extended to identified and eligible customers, focusing primarily on members of Joint Liability Groups (JLGs) engaged in agricultural and allied activities, as well as other income-generating ventures. Currently operating across 20 states and 369 districts, Muthoot Microfin plans to make this initiative available pan-India, ensuring broader access to credit for rural entrepreneurs. The collaboration with SBI enables lower interest rates, making loans more affordable for borrowers while driving financial inclusion and fostering self sufficiency in underserved communitiesPowered by Capital Market - Live News

Net profit of Muthoot Microfin declined 43.77% to Rs 61.61 crore in the quarter ended September 2024 as against Rs 109.57 crore during the previous quarter ended September 2023. Sales rose 18.27% to Rs 666.58 crore in the quarter ended September 2024 as against Rs 563.63 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales666.58563.63 18 OPM %49.8066.41 - PBDT91.72155.11 -41 PBT81.19146.58 -45 NP61.61109.57 -44 Powered by Capital Market - Live News

Muthoot Microfin will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live News

Net profit of Muthoot Microfin rose 18.33% to Rs 113.22 crore in the quarter ended June 2024 as against Rs 95.68 crore during the previous quarter ended June 2023. Sales rose 33.25% to Rs 637.88 crore in the quarter ended June 2024 as against Rs 478.70 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales637.88478.70 33 OPM %61.2268.69 - PBDT156.73135.95 15 PBT146.55128.02 14 NP113.2295.68 18 Powered by Capital Market - Live News

Muthoot Microfin has allotted 6,640 Secured Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures (NCDs) of face value of Rs.1,00,000 each, for an aggregate nominal value of Rs. 66.40 crore on private placement. Powered by Capital Market - Live News