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Asia

Muthoot Finance reports 25% rise in Q1 profit, announces leadership transition

Markets-Economic Times · 2h ago · 🇮🇳 India

Muthoot Finance reports 25% rise in Q1 profit, announces leadership transition

Muthoot Finance reported a 25% year-on-year rise in standalone net profit to Rs 2,550 crore for the June quarter, driven by robust growth in its gold loan business. The company also announced a leadership transition, with Alexander George Muthoot set to take over as managing director from October 1, subject to shareholder approval.

Read the full story at Markets-Economic Times →

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