Muthoot Microfin Limited — Updates, 05-11-2024: Press Release

Muthoot Microfin Limited reported a 15.2% increase in its Gross Loan Portfolio (GLP) to ₹12,518 crore, with total income growing 18% year-on-year to ₹667 crore. Net Interest Margin (NIM) rose by 57 bps to 13.36%, while Pre-Provision Operating Profit (PPOP) increased by 26% to ₹236 crore. Despite these gains, Profit After Tax (PAT) declined by 43.8% to ₹62 crore due to conservative provisioning amidst industry challenges. The borrower base expanded to 34 lakhs across 1,593 branches.