Friday, 29 July 2016

Muthoot Finance Q1 net profit rises 47.6% yoy

The Company has posted a net profit of Rs.2702.682 million for the quarter ended June 30, 2016 as compared to Rs.1831.599 million for the quarter ended June 30, 2015.

Muthoot FinanceMuthoot Finance Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:
 
The Company has posted a net profit of Rs.2702.682 million for the quarter ended June 30, 2016 as compared to Rs.1831.599 million for the quarter ended June 30, 2015. Total Income has increased from Rs.11426.184 million for the quarter ended June 30, 2015 to Rs.13008.193 million for the quarter ended June 30, 2016.

Stock View:
 
Muthoot Finance Ltd is currently trading at Rs. 331.5, up by Rs. 12.85 or 4.03% from its previous closing of Rs. 318.65 on the BSE.
 
The scrip opened at Rs. 330 and has touched a high and low of Rs. 340 and Rs. 328.6 respectively. So far 517978(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12715.76 crore.
 
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 323 on 28-Jul-2016 and a 52 week low of Rs. 152 on 23-Sep-2015. Last one week high and low of the scrip stood at Rs. 323 and Rs. 263 respectively.
 
The promoters holding in the company stood at 74.63 % while Institutions and Non-Institutions held 20.49 % and 4.88 % respectively.
 
The stock is currently trading above its 50 DMA.

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