Muthoot Finance Q2 Results: Net profit rises 21% to Rs 1,321 crore

Muthoot Finance, which is known as red Muthoot, has reported a 21% rise in consolidated net profit for the second quarter at Rs 1321 crore against Rs 1095 crore in the year ago period.

Its standalone net profit for the quarter was Rs 1251 crore against Rs 991 crore earlier, reflecting a 26% rise.

Muthoot Finance, the holding company for the group, provides gold loans while it has interests in microfinance, housing finance and insurance broking. Its standalone assets under management grew 31% year-on-year to Rs 90197 crore at the end of September.


The group's largest subsidiary -- Belstar Microfinance -- saw AUM growing 22% to Rs 9625 crore while net profit fell 36% at Rs 53 crore for the second quarter against Rs 83 crore in the year ago period.