Muthoot Finance Q3 results: Net profit rises 22% to Rs 1,145 crore

Total income during the third quarter of the ongoing fiscal rose to Rs 3,843 crore, as against Rs 3,030 crore in the same period of 2020-21, Muthoot Finance said in a regulatory filing.

Muthoot Finance Q3 results: Net profit rises 22% to Rs 1,145 crore
Interest income during the quarter increased to Rs 3,683 crore as compared to Rs 3,010 crore a year ago. Image Courtesy: Reuters.

Muthoot Finance on Wednesday reported a 22.5 per cent rise in consolidated net profit to Rs 1,145 crore in the December quarter. The gold loan company's net profit stood at Rs 934 crore in the year-ago period.

Total income during the third quarter of the ongoing fiscal rose to Rs 3,843 crore, as against Rs 3,030 crore in the same period of 2020-21, Muthoot Finance said in a regulatory filing. Interest income during the quarter increased to Rs 3,683 crore as compared to Rs 3,010 crore a year ago.

Muthoot Finance board also approved raising of funds by issuance of redeemable non-convertible debentures, through public issue, for up to Rs 6,000 crore to be issued in one or more tranches.

The board has cleared a proposal for raising of funds by issuance of redeemable non-convertible debentures, through private placement, for an amount of up to Rs 10,000 crore to be issued in one or more tranches, it said.

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Written By: PTI
Updated: Wed, Feb 14, 2024
09:42 PM IST
PTI
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