Muthoot Capital posts Q3 net profit at Rs 5.15 cr

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Muthoot Capital Services Limited (MCSL) which is a public limited Non Banking Financial Company registered with the Reserve Bank of India stated that it has posted a net profit of Rs 5.15 crore for the quarter ended in December, 2013 against Rs 5.16 crore for the quarter ended in December, 2012. The gross profit of the company stood at Rs 7.80 crore for the quarter ended in December, 2013 against Rs 7.65 crore last year while the gross revenue surged to Rs. 40.43 crore for the quarter ended in December, 2013 against Rs. 26.57 crore for the quarter ended in December, 2012.

The expenses of the company which offer non-convertible debentures, auto loans, small and medium enterprise loans, gold loans, lease financing and bonds rose to Rs.32.63 crore for the quarter ended December 2013 against Rs.18.92 crore for the quarter ended in December, 2012. Moreover, the net profit of the company was also in line with profit recorded in the previous quarter ended September 2013 at Rs.5.13 crore.

Thomas George Muthoot, Managing Director said, "The loan disbursal stands at Rs 403 Crore, a growth of 45 per cent, compared to Rs 278 cr for the period last year. Non-fund based activities laying equal emphasis on the corporate and non corporate sectors. MCSL has a customer base of 2.25 lacs and a loan book size of Rs. 625 crore.

Dion Global Solutions Ltd.

Story first published: Monday, February 3, 2014, 12:51 [IST]
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