Money & Banking

Muthoot Capital net grows 52%

Our Bureau Kochi | Updated on November 21, 2017




Muthoot Capital Services Ltd posted a 52 per cent growth in net profit at Rs 5.16 crore in the third quarter of the current fiscal, against Rs 3.39 crore in the third quarter of last year.

Total income increased to Rs 26.57 crore (Rs 16.68 crore), registering a growth of 59 per cent.

Interest expenditure increased from Rs 4.95 crore during the third quarter of last year to Rs 8.68 crore, recording an increase of 75 per cent.

The profit before tax recorded a jump of 56 per cent from Rs 4.91 crore to Rs 7.65 crore.

Thomas George Muthoot, Managing Director, said that the company continues to deliver excellent results by effective implementation of its loan products, designed to meet the needs of the customers, delivering credit to the unorganised sector in the rural and semi-urban areas.

>sajeevkumar.v@thehindu.co.in

Published on January 29, 2013

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