Friday, March 29

Tag: Non Banking

India’s Financial Platform Muthoot Capital Posted Three Fold Profit
BUSINESS

India’s Financial Platform Muthoot Capital Posted Three Fold Profit

Non-Banking Financial Company (NBFC) Muthoot Capital said that their net profit jumps three-fold from Rs 6.1 Crore to Rs 20.6 crore in the first quarter ending June 2018 compared to the June 2017 period. The total revenue of Muthoot Capital also registered a growth of 56.2% in 2018.  The total revenue increased to Rs 124.2 crore during the quarter ending June 2018, from Rs 79.5 crore during the same period last year. The Company's portfolio includes commercial and consumer finance products, such as vehicle loans, gold loans, loans against property, bonds, deposits, investment products and advisory services. The Company also disburses loans against property, shares, gold exchange-traded funds (ETFs), small and medium enterprises (SME) loans, mortgage loans, leasing and hire purchase l...