Muthoot Finance Ltd. on Friday has announced interim dividend of Rs 30 per equity share for the fiscal 2026. This is the highest ever dividned announced by the company.
The record date for ascertaining entitlement of final dividend for fiscal 2025 has been set as April 17. The company announced distribution of nearly Rs 1,204.4 crore to shareholders.
According to the exchange filing the interim dividend shall be paid within a period of 30 days from declaration.
The company in April 2025 had given its interim dividend of Rs 26 per share. On May 31, 2024, it paid an interim dividend of Rs 24.
Muthoot Finance Q3 Results
Muthoot Finance announced the third quarter results for the fiscal 2026 on Feb. 12. The company's net profit grew 94.9% year-over-year to Rs 2,656 crore, up from Rs 1,363 crore, while the company's net interest income (NII) increased 64% year-over-year to Rs 4,467 crore, compared to Rs 2,721 crore in the same period last year.
ALSO READ: GM Breweries Announces Dividend Of Rs 9 Per Share; Profit Falls 10%
Speaking to NDTV Profit, George Alexander Muthoot, Managing Director of Muthoot Finance, expressed confidence in the company's performance and said, "The first three quarters we have grown above 36%, which is much more than the 33% growth last year. We have already beaten last year and there is one more quarter to go and we see demand coming from there."
Muthoot Finance Share Price Today
The scrip closed 2.84% higher at Rs 3,573.90 apiece on Friday. This compares to a 1.16% advance in the NSE Nifty 50 Index. During the day, the stock rose as much as 3.01% to Rs 3,579.90 per share.
It has risen 67.01% in the last 12 months and fallen 6.24% year-to-date.
Out of 25 analysts tracking the company 16 maintain a 'buy' rating, five recommend 'hold rating and four suggest 'sell', according to Bloomberg data. The average 12-month consensus price target stands at Rs 4,075.25 indicating an upside of 14%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.