Shares of Muthoot Finance rose nearly 7 per cent today after the company registered a net profit of Rs 270 crore during the first quarter ended June of the current fiscal, up 48 per cent from a year earlier.
The scrip surged 6.7 per cent to touch its one-year high of Rs 340 on BSE.
At NSE, shares of the company jumped 6.54 per cent to Rs 340 - its 52-week high.
The gold loan financing company had made a profit of Rs 183 crore in April-June of 2015-16.
"Retail loans registered an increase of Rs 1,481 crore during the quarter as against Rs 1,000 crore in the last year, translating into an increase in growth rate of 48 per cent," the company had said in a release yesterday.
Total income also registered an increase of 14 per cent at Rs 1,143 crore in the quarter to June, from Rs 1,301 crore in the same period a year ago.
