Muthoot Finance has reported results for third quarter ended December 31, 2016.
The company has reported 55.92% rise in its net profit at Rs 291.06 crore for the quarter under review as compared to Rs 186.67 crore for the same quarter in the previous year. Total income of the company increased by 17.99% at Rs 1346.42 crore for the quarter under review as compared Rs 1141.16 crore for the corresponding quarter previous year.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The Company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, windmill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services.