Muthoot Finance slips after poor Q4 numbers

Stocks

oi-Sneha

By Sneha B K

Updated: Tuesday, May 14, 2013, 15:57 [IST]

Shares of the NBFC Muthoot Finance dipped more than 7% after the company reported lower than expected Q4 results.

Muthoot Finance today reported a net profit of Rs 220 crore for the January-March quarter against net profit of Rs 235 crore in the fourth quarter of the previous fiscal.

The company's income from operations for the quarter came in at Rs1401 crore against Rs 1284 in the year ago period.

The board has recommended a dividend of Rs. 4.50/- per equity share for the financial year 2012-13.

The stock was seen trading at Rs 151 lower by 4.05% at 2.05 pm IST on BSE. It touched an intra-day low of Rs 145.

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