Moneycontrol
Last Updated : Dec 06, 2018 03:36 PM IST | Source: Moneycontrol.com

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

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

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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.

Profit in same period last year stood at Rs 445.7 crore.

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.

The stock closed at Rs 444, down Rs 3.70, or 0.83 percent on the BSE.
First Published on Dec 6, 2018 03:36 pm
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