Muthoot Finance has rallied 10% to Rs 183 after reporting a healthy 88% year-on-year (y-o-y) growth in net profit to Rs 215 crore for the second quarter ended September 30 against Rs 115 crore in the corresponding period of the previous fiscal.
The total income more than doubled to Rs 1,105 crore from Rs 529 crore during the recently concluded quarter. The retail loan assets under management increased by Rs 2,991 crore to Rs 20,940 crore, a gold loan company said in a filing to the stock exchanges.
A combined around 10,000 shares have changed hands on the counter on morning trades.