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Muthoot Finance Q2 net profit up 6.53% at Rs 483.83 cr 06/12/2018 18:00

The company reported standalone net profit of Rs 483.83 crore for the quarter ended September 30, 2018 as compared to Rs 454.16 crore in the same period last year, registering a year-on-year growth of 6.53 per cent.

Net revenue of the company declined by 0.92 per cent at Rs 1,649.63 crore in July-September quarter of this fiscal as against Rs 1,664.89 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 13.96 per cent to Rs 359.46 crore from Rs 417.77 crore in year ago period.

Other Income dipped by 90.48 per cent at Rs 0.48 crore versus (Sep'17 Rs 5.04 crore).

Operating Profit surged by 3.45 per cent to Rs 1,290.18 crore as against Rs 1,247.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.41 per cent in September quarter.

Interest grew by 9.49 per cent y-o-y to Rs 535.35 crore, while Taxation decreased by 12.41 per cent at Rs 261.45 crore (Sep'17 Rs 298.49 crore).

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