Our Bureau: Kochi: Muthoot Finance Ltd.
has recorded a 9% rise in the net profit for Q2 ended September 30, 2018 at Rs 484 crore from a year ago.
The total income of the company showed a marginal dip of 1% for the quarter at Rs 1650 crore from the same period last year.The gross loan assets registered 17% increase at Rs 32319 crore for the quarter.
The consolidated gross loan assets of the group stood at Rs 35,956 crore , showing a rise of 21% from a year earlier .
The consolidated loan assets under management during the quarter increased by 5% to Rs 1642 crore.The capital adequacy ratio stood at 25.92% against 26.49% in the same quarter in the previous year.``We witnessed a strong growth in the consolidated loan assets and gold loan portfolio, said M G George Muthoot, chairman of the company.The total gross loan assets of subsidiaries showed a strong growth of 79% from the same quarter last year at Rs 3,637 crore.