Muthoot's profits grow by 1.65 percent in Q1

Kochi-based non-banking financial company (NBFC) Muthoot Finance Limited announced on Wednesday that it recorded a net profit of Rs.183.15 crore in the first quarter (April to June) of 2015.

According to the unaudited quarterly results posted on Muthoot's website, the profits grew by a mere 1.65 percent from the corresponding quarter of 2014 which clocked Rs.180.18 crore.

Muthoot's total income from operations for Q1 2015 is Rs.1,140.05 crore, it was Rs.1,087.55 crore in the year ago quarter. It grew by Rs.52.5 crore at a rate of 4.82 percent.

Total expenses for the quarter rose by Rs.8.56 crore at Rs.292.13 crore against Rs.283.57 crore in Q1, 2014 -- a rise of 3 percent.

Public shareholding in Muthoot increased by 0.18 percent. As much as 25.18 percent of the company's shares are owned by retail investors, the statement said.

During the quarter April-June, 2015, Muthoot allotted 33,541 shares to employees under the Muthoot Employee Stock Ownership plan (ESOP) Scheme 2013, the statement added.