Muthoot Capital to Hold a Board Meeting on January 10, 2025, for Fundraising

Muthoot Capital Services Ltd. will convene a Board meeting on January 10, 2025, to deliberate on raising funds through a debt issue. The company has confirmed that the trading window will remain open.

Muthoot Capital Fundraising Details

Muthoot Capital Services Ltd. has scheduled a Board meeting on January 10, 2025, to discuss a potential debt issue as part of its fundraising strategy.

Notably, the company has clarified that the trading window will remain open during this period. The meeting will focus on key decisions regarding the capital raising process.

Q2 FY25 Financial Highlights

Muthoot Capital Services Limited posted strong financial results for the second quarter of FY25, reporting a net profit of ₹16 crore.

The company’s total income for the quarter reached ₹109.79 crore, supported by loan disbursements of ₹643.50 crore. With a 9% increase in its Assets Under Management (AUM), the figure stood at ₹2,381 crore, compared to ₹1,767.15 crore in Q2 FY24.

This growth was attributed to strategic initiatives and efficient cost management, which also led to an improved profit margin of 14.55%. The company also saw a boost in its Return on Assets (ROA), which rose to 2.91%, reflecting better operational efficiency and a focus on optimising its market operations.

Share Price Movement

Muthoot Capital shares were trading 1.23% lower at ₹324.40 on the NSE at 12:40 PM, marking a decline for the third consecutive session. The stock opened at ₹330.05, slightly up from the previous close of ₹328.45, and hit a day’s low of ₹322 during early trade. Over the last two sessions, Muthoot Capital shares have declined by nearly 1.5%.

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