Muthoot Finance shares soar 9% post Q4 earnings

Shares of gold financing company Muthoot Finance today zoomed 9 per cent after it reported a 61 per cent jump in net profit for the quarter ended March, 2016.
The stock advanced by 8.72 per cent to settle at Rs 233.85 on BSE. Intra-day, it climbed 11 per cent to Rs 238.85.
At NSE, shares of the company zoomed 8.99 per cent to close at Rs 233.95.
Company's market capitalisation rose by Rs 748.67 crore to Rs 9,330.67 crore.
Country's largest gold financing company Muthoot Finance on Friday reported a 61 per cent jump in net profit at Rs 265 crore for the quarter ended March, driven by higher loan disbursals.

The company had posted a net profit of Rs 165.1 crore in the year-ago period.
For the full year, the lender's net profit increased by 21 per cent to Rs 810 crore, the Kochi-based company had said in a statement, adding its loan disbursals rose a tepid 4 per cent at Rs 970 crore during the year, taking the overall assets under management (AUMs) to Rs 24,379 crore, while its income rose to Rs 4,875 crore.