Muthoot Finance Ltd (MFL) has registered 125 per cent growth in net profit during the June quarter at Rs 190 crore as against Rs 85 crore in the same period last year.
Total income of the company rose to Rs 920 crore from Rs 383 crore, a growth of 140 per cent. Its earnings per share stood at Rs 5.39.
Addressing a press conference here, MG George Muthoot, chairman of the company, said the retail loan assets under management increased during the period to Rs 17,949 crore. The total gold loan outstanding is Rs 17,803 crore, as against Rs 9040 in Q1 of 2010-11, a growth of 97 per cent.
The total weight of gold jewellery pledged grew 58 per cent to 120 tonnes from 76 tonnes. He said the per branch business increased 16 per cent to Rs 5.94 crore.
The company's branch network, spread across 21 states and 4 union territories is 2,997, up from 1,763 in Q1 of last fiscal. Its capital adequacy ratio stood at 19.19 per cent while gross NPA dropped to 0.31 per cent from 0.42 per cent.
The company has an employee strength of 19,125.
