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Muthoot Finance Q2 profit rises 9% to Rs 484 cr, AUM grows 21%

6 December, 2018 10:06 AM
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Muthoot Finance Q2 profit rises 9% to Rs 484 cr, AUM grows 21%

Gold financing company Muthoot Finance has reported a 8.5 percent year-on-year increase in September quarter profit at Rs 483.8 crore with weakening asset quality.

Revenue from operations during the quarter declined 0.7 percent to Rs 1,650 crore compared to Rs 1,661.6 crore in corresponding period previous year.

Capital adequacy ratio for the quarter ended September 2018 stood at 25.92 percent, which has fallen compared to 26.44 percent in previous quarter.

Assets under management grew by 21 percent year-on-year to Rs 35,956 crore as of September 2018.

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Source: moneycontrol.com

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