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Muthoot Finance Q2 net profit rises 2.5% to Rs 931 crore

The company's consolidated loan assets under management grew 29 percent to Rs 52,286 crore during April-September of FY21, it said.

November 03, 2020 / 07:51 PM IST
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Muthoot Finance on November 3 reported a 2.5 percent increase in consolidated net profit at Rs 930.80 crore for the second quarter ended September of the current fiscal year.

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year.

Total income grew 17.4 percent to Rs 2,824.19 crore during July-September period of 2020-21 from Rs 2,406.39 crore in the same period of 2019-20, Muthoot Finance said in a regulatory filing.

The company's consolidated loan assets under management grew 29 percent to Rs 52,286 crore during April-September of FY21, it said. The results include financial numbers from its subsidiaries — Muthoot Homefin (India) Ltd, Belstar Microfinance Ltd, Muthoot Insurance Brokers Pvt Ltd, Muthoot Money Ltd and Sri Lankan subsidiary Asia Asset Finance Plc (AAF).