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Muthoot Finance’s Q1 net surges 48%

29 Jul 2016 Evaluate

Muthoot Finance has reported results for first quarter ended June 30, 2016.

The company has reported 47.56% rise in its net profit at Rs 270.27 crore for the quarter ended June 30, 2016 as compared to Rs 183.16 crore for the same quarter in the previous year. The company’s total income increased by 13.85% to Rs 1300.82 crore for the quarter under review from Rs 1142.62 crore for the corresponding quarter of the previous year.

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

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