Headlines
Muthoot's profits grow by 1.65 percent in Q1
Bengaluru, July 22
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.