Muthoot Finance Q1 net doubles, to cut loans from banks

Gold loan provider – Muthoot Finance’s first quarter net profit surged more than two-folds or 125% year-on-year to Rs 190 crore on the back of a robust loan book growth. The mortgage lender’s total gold loan book almost doubled to Rs 17,803 crore compared with Rs 9,040 crore a year ago.

July 28, 2011 / 12:18 PM IST

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Moneycontrol Bureau

Gold loan provider

TAGS: #George Alexander Muthoot #Managing Director #Muthoot Finance #NBFCs #NCD issue #Non-banking finance companies #Result Analysis

first published: Jul 28, 2011 11:23 am

Watch

• Why traditional life insurance policies aren't great long-term investments Watch more
• Ideas For Profit | Aditya Birla Fashion and Retail: With reduction in debt, this fashion giant is poised for the next growth leg Watch more
• NBFC licence, startup ambitions: At 70, Kerala’s most famous billionaire is planning his next big moves Watch more
• Covaxin phase 3 trials efficacy at 81%, says Bharat Biotech Watch more

Must Listen

Coronavirus Essential | Delhi HC asks Serum Institute, Bharat Biotech to disclose vaccine manufacturing capacity; overcrowding at vaccination centres a new concern