Muthoot Finance has reported results for first quarter ended June 30, 2018.
The company has reported 42.53% rise in its net profit at Rs 491.56 crore for the quarter under review as compared to Rs 344.89 crore for the same quarter in the previous year. Total income of the company increased by 18.56% at Rs 1,633.00 crore for Q1FY19 as compared Rs 1,377.34 crore for the corresponding quarter previous year.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
