Wednesday, 5 November 2014

Muthoot Finance reports 19% drop in Q2 net profit

Muthoot Finance has reported results for second quarter ended September 30, 2014.
The company has registered 19.09% fall in its net profit at Rs 170.71 crore for the quarter under review as compared to Rs 210.99 crore for the same quarter in the previous year. Total income of the company has decreased 18.45% at Rs 1061.52 crore for Q2FY15 as compared Rs 1301.8 crore for the corresponding quarter previous year.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

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