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 IST

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Moneycontrol Bureau

Gold loan provider

first published: Jul 28, 2011 11:23 am

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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.

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