Muthoot Finance has announced a 26% increase in net profit for the second quarter of the fiscal year 2024, with a total revenue from operations of Rs 4,117.4 crore.

The company's board has approved an additional equity infusion of Rs 500 crore into its wholly-owned subsidiary, Muthoot Money Ltd, to strengthen its operations and market position.

This investment will help Muthoot Money Ltd to enhance its operations and further solidify its position in the market. With the additional funds, the subsidiary will be able to expand its services and reach a wider customer base. This move demonstrates Muthoot Finance's commitment to growth and its confidence in the potential of Muthoot Money Ltd.