Muthoot Finance has reported results for second quarter ended September 30, 2018.
The company has reported 8.55% rise in its net profit at Rs 483.83 crore for the quarter under review as compared to Rs 445.71 crore for the same quarter in the previous year. However, total income of the company decreased by 0.71% at Rs 1,650.12 crore for Q2FY19 as compared Rs 1,661.86 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.