Muthoot Finance shares rise 5% after gold loan success

Muthoot Finance shares increased by 5% on March 17, 2025, after the company reported that its gold loan assets under management surpassed ₹1 trillion on March 13. This marks a significant milestone for the non-banking financial company. The company also reported a 22% year-on-year rise in net profit for the December quarter, reaching ₹1,392 crore. Muthoot Finance's total loan assets under management were ₹1,11,000 crore, with gold loans making up ₹92,963.6 crore. Following the announcement, Muthoot Finance's stock reached an intra-day high of ₹2,307.95, nearing its 52-week high of ₹2,335.00. The stock has gained 64% over the past year, with a 7% increase in March alone.