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English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
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Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.38 USD ₹ 93.95
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Muthoot Finance reports Q1 2014 net profits at Rs 194 crores
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Muthoot Finance: Quotes, News
BSE 3309.30BSE Quote154.3 (-4.66%)
NSE 3320.20NSE Quote165 (-4.97%)
Gold loan finance company, Muthoot Finance has reported a profit of Rs 194 crores for the quarter ended June 30, 2013 as compared to Rs 246.10 crores for the quarter ended June 30, 2012.

Total Income at the company has decreased from Rs. 1293.78 crores for the quarter ended June 30, 2012 to Rs 1285.79 crores for the quarter ended June 30, 2013.

The loan write off for Q1 were placed at Rs 6 crores. The net interest income for the quarter was Rs 554 crores, while the income from power generation was just Rs 56 lakhs for the quarter.

Shares of Muthoot Finance rallied more then 6 per cent following the results. Muthoot Finance is the only gold loan company to have submitted an application to the Reserve Bank of India for a banking license.

The shares were last traded at Rs 104 on the National Stock Exchange (NSE).

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Story first published: Thursday, July 25, 2013, 12:53 [IST]
See More On: gold, gold loan, muthoot
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