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Muthoot Finance Q2 profit up 9% at Rs 484 crore

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Our Bureau: Kochi: Muthoot Finance Ltd.

has recorded a 9% rise in the net profit for Q2 ended September 30, 2018 at Rs 484 crore from a year ago.

The total income of the company showed a marginal dip of 1% for the quarter at Rs 1650 crore from the same period last year. The gross loan assets registered 17% increase at Rs 32319 crore for the quarter.

The consolidated gross loan assets of the group stood at Rs 35,956 crore , showing a rise of 21% from a year earlier .

The consolidated loan assets under management during the quarter increased by 5% to Rs 1642 crore. The capital adequacy ratio stood at 25.92% against 26.49% in the same quarter in the previous year.``We witnessed a strong growth in the consolidated loan assets and gold loan portfolio,’’ said M G George Muthoot, chairman of the company. The total gross loan assets of subsidiaries showed a strong growth of 79% from the same quarter last year at Rs 3,637 crore.




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