Muthoot Finance Q1 net up twofold to Rs 190 cr

Muthoot Finance, a gold finance NBFC, today reported a two-fold jump in net profit at Rs 190 crore for the first quarter ended on June 30.

The company had posted a net profit Rs 84.8 crore in the corresponding quarter last fiscal, Muthoot Finance said in a filing to the Bombay Stock Exchange.

Total income of the company rose by 140.5% to Rs 920 crore from Rs 380 crore year-on-year.