Muthoot Finance Increases Borrowing Capacity to ₹2 Trillion, Declares ₹26 Interim Dividend

Muthoot Finance Ltd has suggested increasing its borrowing capacities to ₹2 trillion, cementing its expansion strategy in the gold loan segment. The firm has also approved an interim dividend of ₹26 per share for FY 2024-25, indicating healthy financial performance and investor confidence.

 

Key Highlights:

✅ Expansion of Borrowing Power: The firm plans to boost liquidity and finance future growth, especially in gold-backed lending.

✅ Dividend Declaration: Shareholders get ₹26 per share, indicating robust profitability and cash flow management.

✅ Market Influence: Muthoot Finance stock price responded positively, and analysts anticipated sustained strong earnings.

✅ Strategic Growth Plans: The company is growing its loan book with emphasis on low-cost credit solutions for individuals and small businesses.

✅ Industry Outlook: As gold prices are increasing, Muthoot Finance is poised to gain from higher demand for gold loans.

 

Through these strategic financial decisions, Muthoot Finance is looking to reinforce its market leadership, providing long-term value to the investors.

 

Source: Economic Times, CNBC TV18, NDTV Profit