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The net profit was Rs 2,412 crore in the year ago period. On a standalone basis, the company's second quarter net profit stood at Rs 2977 crore, up 27% over Rs 2345 in the year-ago quarter. Muthoot's consolidated assets under management grew 42% year-on-year to Rs 2.09 lakh crore at the end of September. Out of this, the gold loan stood at Rs 1.93 lakh crore. Its standalone AUM grew at the same pace to Rs 1.88 lakh crore, of which gold loan was Rs 1.79 lakh crore. The company's standalone gross non-performing assets ratio jumped to 3.87% at the end of September from 2.28% three months prior. Muthoot's subsidiary Belstar Microfinance earned a Rs 78 crore net profit for the quarter under review, widening from Rs 66 crore in the first quarter. Its asset quality improved with gross NPA ratio falling to 3.26% from 4.58% a year back. Its first half net profit stood at Rs 144 crore compared to a loss of Rs 160 crore in the year-ago six month. Its AUM stood at Rs 7,876 crore at the end of September against Rs 7,715 crore a year prior as industry-wide stress moderated disbursement growth, the company said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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