Muthoot Microfin saw its stock price climb by 16.5% on Wednesday, closing at ₹245. This significant uptick marks the company's best single-day performance in over twelve months, driven by optimistic investor sentiment following a robust business update for the June quarter.
The rally was fueled by a notable 49% surge in loan disbursements. Management attributed this momentum to improved asset quality and a successful strategy focused on portfolio diversification, which has strengthened the firm’s overall balance sheet.
Looking ahead, the company has set ambitious long-term financial targets. Leadership confirmed plans to double the Assets Under Management (AUM) to ₹30,000 crore by the end of the 2030 fiscal year.
Key Highlights:
- Strongest one-day rally since early 2023.
- Disbursements grew by 49% year-over-year.
- Strategic vision set to reach ₹30,000 crore AUM by FY30.