Thursday 22 January 2015

Muthoot Finance declines on reporting 20% fall in Q3 net profit

     Muthoot Finance has registered 20.49% fall in its net profit at Rs 154.44 crore for the quarter under review as compared to Rs 194.25 crore for the same quarter in the previous year. Total income of the company has decreased 10.95% at Rs 1069.25 crore for Q3FY15 as compared Rs 1200.75 crore for the corresponding quarter previous year.
     Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
     Muthoot Finance is currently trading at Rs. 223.40, down by 9.05 points or 3.89% from its previous closing of Rs. 232.45 on the BSE.

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