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Muthoot Finance reports 70% jump in Q2 net profit

11 Nov 2016 Evaluate

Muthoot Finance has reported results for second quarter ended September 30, 2016.   

The company has reported 70.04% rise in its net profit at Rs 296.72 crore for the quarter under review as compared to Rs 174.50 crore for the same quarter in the previous year. Total income of the company increased by 21.61% at Rs 1386.24 crore for the quarter under review as compared Rs 1139.95 crore for the corresponding quarter 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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