Comments
Muthoot Capital Services Ltd has posted a 48 per cent increase in its gross income at ₹158.76 crore for FY14, compared with ₹107.22 crore in the previous fiscal. The financial, employee and other expenses saw a rise of 66.96 per cent from ₹74.95 crore to ₹125.14 crore. As a result, net profit rose 2.07 per cent to ₹22.21 crore for the year, from ₹21.76 crore in FY13.
March quarterThe company’s gross revenue stood at ₹45.5 crore for the quarter ended March 31, compared with ₹32.61 crore in the year-ago quarter. However, expenses during the period increased 62.10 per cent to ₹36.96 crore from ₹22.80 crore. As a result, net profit for the quarter was lower by 9.42 per cent at ₹5.96 crore.
The Board of Directors has recommended a dividend of ₹4.50 per share (45 per cent).
The company, engaged in two- and three-wheeler financing, has achieved a substantial increase in revenue in spite of the adverse market conditions. It also managed to register a rise in net profit in spite of the increasing expenses, said Thomas George Muthoot, Managing Director, Muthoot Capital Services.
The company disbursed 1,37,294 loans amounting to ₹581.63 crore during the year ended March 31, compared with 95,520 loans worth ₹431.14 crore in the previous fiscal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.