Muthoot Finance Q3 net rises 17% year over year on vigorous Gold Loan Portfolio Growth
Muthoot Finance on Tuesday reported a consolidated net profit of Rs 1,006.6 crore in the third quarter.
NBFC Muthoot Finance on Tuesday reported a 17% year-on-year increase in its third-quarter consolidated net profits to Rs 1006.6 crore with its gold loan portfolio growing vigorously.
The financial organization, which likewise operates loan, microfinance, and protection broking auxiliaries, said the net benefit of the gold loan division, Muthoot Finance (MFIN), expanded 22 % YoY to meet Rs 991 crore.
Managing director George Alexander Muthoot said, “We had an interesting third quarter with several achievements. Our standalone loan assets of Muthoot Finance have crossed the landmark of Rs 50,000 crore. Our active customers presently having a loan account too crossed the landma...