Today, Muthoot Finance Ltd slipped by 12.34 per cent to Rs 1,041.30 after the net profit tumbled by 17.4 per cent to Rs 802.01 crore on a 7.6 per cent decline in total income to Rs 2,509.27 crore in the first quarter of FY23 as compared to first quarter of last year. NBFC’s net profit and total income in Q1 FY23 decreased by 16.48 per cent and 6.31 per cent, respectively.

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Non-Banking Finance Company has consolidated net profit tumbled 15.7 per cent to Rs 824.96 crore on 5.4 per cent. Total income is down to Rs 2,804.32 crore in the first quarter of the financial year 2023 compared to the first quarter of the financial Year 2022. In the first quarter, consolidated profit before tax stood at Rs 1,111.95 crore, down 15.1 per cent from Rs 1,309.85 crore in Q1FY22. The gold loan under financer management at Rs 63,444 crore in the first quarter of the current financial year rose 9 per cent from Ra 58,135 crore, compared to the first quarter of last year but fell 2 per cent quarter on quarter from Rs 64,494 crore reported in Q4 FY22.