Muthoot Capital Services reports two-fold rise in Q4 net

Muthoot Capital Services has reported results for fourth quarter and year ended March 31, 2012.

On standalone basis, the company has posted a rise of 138.43% in its net profit at Rs 6.39 crore for the quarter ended March 31, 2012 as compared to Rs 2.68 crore for the same quarter in the previous year.  Total income has increased by 103.64% at Rs 23.48 crore for quarter under review as compared to Rs 11.53 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012 the company has posted a rise of 60.39% in its net profit at Rs 15.51 crore as compared to Rs 9.67 crore in the previous year. Total income has increased by 80.91% at Rs 67.01 crore for year under review as compared to Rs 37.04 crore for the period ended March 31, 2011.