HighPositive
Announced Fri, 10 Jul · 14:57 IST

Muthoot Microfin shares jump 16.5% in biggest one-day gain in over a year after Q1 business update

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AI summary

Muthoot Microfin shares surged 16.5 percent, the biggest single-day gain in over a year, after a strong Q1 FY27 business update. Disbursements rose 49 percent year-on-year to Rs 2,645 crore, AUM grew 18 percent year-on-year to Rs 14,457 crore, and collection efficiency improved to 97.97 percent, up 497 basis points year-on-year. The company also launched gold loan disbursements under a co-lending arrangement with Muthoot Fincorp and outlined a Vision 2030 plan to double AUM to Rs 30,000 crore by FY30.