Muthoot Capital Services has reported results for third quarter ended December 31, 2017.
The company has reported over two fold jump in its net profit at Rs 15.70 crore for the quarter under review as compared to net profit of Rs 6.44 crore for the same quarter in the previous year. The total income of the company increased by 50.17% at Rs 105.21 crore for Q3FY18 as compared Rs 70.06 crore for the corresponding quarter previous year.
Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.
