Tuesday , 18 June 2019
Breaking News
Muthoot Capital Services reports 48% rise in Q3 net profit

Muthoot Capital Services reports 48% rise in Q3 net profit

Muthoot Capital Services has reported results for third quarter ended December 31, 2018.

The company has reported 48.41% rise in its net profit at Rs 23.30 crore for the quarter under review as compared to Rs 15.70 crore for the same quarter in the previous year. Total income of the company increased by 35.28% at Rs 142.33 crore for Q3FY19 as compared Rs 105.21 crore for the corresponding quarter previous year.

Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.

Leave a Reply

Your email address will not be published. Required fields are marked *

*