Muthoot Finance Q3 profit up 17% to Rs 1,006 cr, revenue rises 16%

Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21

Muthoot Finance has reported a net profit of Rs 1,006.6 crore during the quarter ended December 31, 2020 as compared to Rs 861.04 crore, a year ago. Revenue rose to Rs 3,000.78 crore from Rs 2,588.4 crore, a year ago.

M G George Muthoot, Chairman said that the consolidated loan assets of the Group grew by 28 per cent at Rs 55,800 crore during nine months of 2020-21 as against last year of Rs 43,436 crore. Consolidated profit was up 20 per cent at Rs 2,795 crore during 9MFY21 as against last year of Rs 2,333 crore. 

George Alexander Muthoot, Managing Director,