Muthoot Finance pre-tax profit up 42% to Rs 1,116 cr, income rises 32%

Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20

Gold financing company Muthoot Finance Ltd has posted a growth of 42 per cent in profit before tax, at Rs 1,115.9 crore during the quarter ended September, 2019, compared with Rs 786.52 crore during the same period last year. The firm's total income grew 32.15 per cent to Rs 2,406.3 crore in the quarter from Rs 1,820.8 crore in the corresponding quarter last year.

The company chairman M G George Muthoot said that the consolidated loan assets of the group grew by 13 per cent at Rs 40,390 crore during the first half of FY20 as against last year of