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Muthoot Finance net profit rises 2.5% to Rs 931 cr in September quarter

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year

The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August
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The company said it saw highest ever quarter-on-quarter (QoQ) growth in its gold loan portfolio.

Press Trust of India New Delhi
Muthoot Finance on Tuesday reported a 2.5 per cent increase in consolidated net profit at Rs 930.80 crore for the second quarter ended September of the current fiscal year.

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year.

Total income grew 17.4 per cent to Rs 2,824.19 crore during July-September period of 2020-21 from Rs 2,406.39 crore in the same period of 2019-20, Muthoot Finance said in a regulatory filing.

The company's consolidated loan assets under management grew 29 per cent to Rs 52,286 crore during April-September of FY21, it said.
The results include