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Muthoot Capital Services has recommended a dividend of Rs 3.50 per share on the back of robust performance during FY’12.
The company, a listed entity of the Muthoot Pappachan Group, has registered a revenue of Rs 67.35 crore compared with Rs 37.73 crore in the corresponding period last year, an increase of 78.51 per cent.
Profit after tax stood at Rs 15.51 crore (Rs 9.67 crore), recording an increase of 60.47 per cent. The total loan portfolio increased to Rs 296.79 crore (Rs 175.27 crore), up by 69.33 per cent.
At present, the company has more than one lakh borrowers, mainly under the two-wheeler category.
Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services Ltd, said the company’s focussed approach in targeting customers in various states and offering competitive rates have translated into reporting higher performance.
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