Buy Muthoot Microfin, target price Rs 300: JM Financial

JM Financial has buy call on Muthoot Microfin with a target price of Rs 300. The current market price of Muthoot Microfin Ltd. is Rs 241.45.

Muthoot Microfin Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 4091.81 Crore) operating in NBFC sector.

Muthoot Microfin Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities and Sale of services for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 653.42 Crore, up 11.73 % from last quarter Total Income of Rs 584.83 Crore and up 45.80 % from last year same quarter Total Income of Rs 448.17 Crore. Company reported net profit after tax of Rs 119.76 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.47 per cent stake in the company as of 31-Mar-2024, while FIIs owned 26.28 per cent, DIIs 2.35 per cent.