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Muthoot Capital Services gains on reporting 48% rise in Q3 net profit

18 Jan 2019 Evaluate

Muthoot Capital Services is currently trading at Rs. 974.40, up by 17.75 points or 1.86% from its previous closing of Rs. 956.65 on the BSE.

The scrip opened at Rs. 960.00 and has touched a high and low of Rs. 980.00 and Rs. 946.00 respectively. So far 1141 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1300.00 on 31-Jul-2018 and a 52 week low of Rs. 635.00 on 05-Feb-2018.

Last one week high and low of the scrip stood at Rs. 980.00 and Rs. 916.60 respectively. The current market cap of the company is Rs. 1610.13 crore.

The promoters holding in the company stood at 62.49%, while Institutions and Non-Institutions held 15.45% and 22.07% respectively.

The company has reported 48.41% rise in its net profit at Rs 23.30 crore for third quarter ended December 31, 2018 as compared to Rs 15.70 crore for the same quarter in the previous year. Total income of the company increased by 35.28% at Rs 142.33 crore for Q3FY19 as compared Rs 105.21 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.

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