Muthoot’s profits grow by 1.65 percent in Q1

Bengaluru, (IANS) Kochi-based non-banking financial company (NBFC) Muthoot Finance Limited announced on Wednesday that it recorded a net profit of Rs.183.15 crore in the first quarter (April to June) of 2015.

According to the unaudited quarterly results posted on Muthoot’s website, the profits grew by a mere 1.65 percent from the corresponding quarter of 2014 which clocked Rs.180.18 crore.

Muthoot’s total income from operations for Q1 2015 is Rs.1,140.05 crore, it was Rs.1,087.55 crore in the year ago quarter. It grew by Rs.52.5 crore at a rate of 4.82 percent.

Total expenses for the quarter rose by Rs.8.56 crore at Rs.292.13 crore against Rs.283.57 crore in Q1, 2014 — a rise of 3 percent.

Public shareholding in Muthoot increased by 0.18 percent. As much as 25.18 percent of the company’s shares are owned by retail investors, the statement said.

During the quarter April-June, 2015, Muthoot allotted 33,541 shares to employees under the Muthoot Employee Stock Ownership plan (ESOP) Scheme 2013, the statement added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here