New Delhi, May 6 (PTI) Muthoot Microfin on Monday reported a 27 per cent rise in its profit after tax at Rs 119.76 crore during March quarter of 2023-24.

The non-banking finance company had reported a profit after tax (PAT) of Rs 94.56 crore in the corresponding fourth quarter of FY23, according to a regulatory filing.

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The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period.

For 2023-24 fiscal, PAT grew over two-fold to Rs 450 crore.

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The NII rose 56 per cent to Rs 1,361 crore in FY24.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)