Country's largest gold loan company Muthoot Finance today reported 88 per cent increase in profit at a little over Rs 215 crore, driven by a massive 110 per cent jump in revenues, for the second quarter ended September 30, 2011.
It had posted a net profit of Rs 114.48 crore in the same period last fiscal.
Amid soaring gold prices, the net sales of the Kerala- based company during the reporting quarter rose to Rs 1,098.41 crore compared to Rs 523.65 crore in the year ago period, recording a growth of 110 per cent.
The EPS (Earnings Per Share) stood at Rs 5.80 compared to Rs 3.67 per share in the year-ago period, the company said in a statement here.
For the first half of the fiscal, the company's net sales rose to Rs 2,012.61 crore compared to Rs 902.72 crore in the same period last year, a growth of 123 per cent.
The net profit rose to Rs 406.01 crore against Rs 199.28 crore in the first half of last the fiscal, registering a growth of 104 per cent.
