
Muthoot Finance reported a net profit of ₹1,251.1 crore for the second quarter of FY25, slightly exceeding analysts' expectations of ₹1,250.9 crore. The company's net interest income (NII) also surpassed forecasts, reaching ₹2,518.1 crore compared to the anticipated ₹2,462.2 crore. The growth in profit is attributed to increased demand for gold loans. In contrast, TVS Supply and Greaves Cotton faced challenges, with TVS Supply's margins taking a hit amid an industry slowdown, while Greaves Cotton reported weak earnings for the quarter. Happiest Minds Technologies experienced a decline in profits but maintained steady margins, with ambitions to achieve $1 billion in revenue by 2031. Meanwhile, MapmyIndia is focusing on global expansion and drone technology to drive growth despite challenges in the consumer tech sector.
#MUTHOOTFIN Muthoot Finance announces its #Q2FY25 results. https://t.co/QHeuda0ULf
#SHK S H Kelkar and Company announces its #Q2FY25 results https://t.co/MYAGWykTic
India's Muthoot Finance posts higher Q2 profit on gold loan demand https://t.co/tTavfTW7g7 https://t.co/YDE272ZTry




