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Muthoot Finance has registered a 43 per cent increase in net profit at ₹492 crore in Q1 of FY19, against ₹345 crore in the previous year. Loan assets stood at ₹30,997 crore as of June 30, 2018, against ₹27,857 crore as of June 30, 2017. During the quarter, loan assets increased by 6 per cent at ₹1,855 crore.
Muthoot Homefin (India), a wholly-owned subsidiary, posted an increase in loan portfolio at ₹1,621 crore, against the previous year’s ₹596 crore.
The total revenue for Q1 stood at ₹50 crore, against the previous year’s ₹19 crore. It achieved a net profit of ₹11 crore in Q1 of FY19, against the previous year’s ₹4 crore.
Belstar Investment and Finance Pvt Ltdgrew its loan portfolio to ₹1,236 crore, against ₹665 crore. It achieved a PAT of ₹14 crore in Q1, against the previous year’s ₹5 crore.
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