Muthoot Capital Services posted a strong set of numbers on a year-on-year basis due to a base effect, but even sequentially the earnings were very strong. In an interview to CNBC-TV18, Madhu Alexiouse, COO of Muthoot Capital spoke about the results and his outlook for the company.
Muthoot Capital Services reported a good set of Q1 earnings. Profit has shown a rise of 36 percent. In an interview to CNBC-TV18, Madhu Alexiouse, COO of the company spoke about the results and his outlook for the company.
Muthoot Capital Services has been able to maintain disbursement growth rate despite demonetisation impact, according to Chief Executive R Manomohanan. The two-wheeler finance company reported a 6 percent growth (YoY) in net profit at Rs 6.44 crore in the quarter ended December 2016.
The company is predominantly in 2 wheeler financing, says R Manomohanan of Muthoot Capital Services.
In an interview to CNBC-TV18, R Manomohanan, CEO, Muthoot Capital Services shares his views on the company and future expectations. He believes disbursements next year will be slightly better than this year. The company is eyeing lower non-performing assets in Q4FY15 on year-on-year basis.