 "Muthoot Finance")
Gold loan finance major Muthoot Finance Ltd (MFIN) has posted a 14 per cent jump in consolidated net profit for the first three months of FY22 to Rs 979 crore compared to Rs 858 crore during the April to June period of FY21, owing to an improved performance on gold loans.
The non-banking finance company’s total income rose by 14 per cent to Rs 2,963 crore during the quarter under review, up from Rs 2,607 crore during the first quarter of 2020-21. Compared to last year, the company’s gross loan assets grew by 25 per cent to Rs 58,135 crore
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