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Muthoot Capital Services has recorded a PAT of ₹15.71 crore in Q3 of the current fiscal against ₹6.44 crore in the corresponding period of the previous fiscal, registering a growth of 144 per cent.
The total income for the quarter touched ₹105.22 crore against ₹70.07 crore for the corresponding quarter. The company disbursed two-wheeler loans of ₹485.89 crore (₹270.95 crore) and a total disbursement of ₹526.09 crore, compared to ₹313.90 crore for the corresponding quarter of the previous year. The total AUM, including managed portfolio, reached ₹1,979.56 crore at the end of the quarter.
The company successfully raised money through a QIP worth ₹165 crore, getting high-profile mutual funds and other investors to participate. The equity raise, besides helping the company in improving its capital adequacy, will also help it grow aggressively in existing and new geographies over the next few quarters, Thomas George Muthoot, Managing Director, said.
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