Total earnings in the course of the third quarter of the continued fiscal rose to â¹3,843 crore, as in opposition to â¹3,030 crore within the year-earlier interval, Muthoot Finance mentioned.
| Photo Credit: AMIT DAVE
Muthoot Finance on Wednesday reported a 22.5% rise in consolidated net profit to â¹1,145 crore within the December quarter.
The gold mortgage firm’s net profit stood at â¹934 crore within the year-ago interval.
Total earnings in the course of the third quarter of the continued fiscal rose to â¹3,843 crore, as in opposition to â¹3,030 crore within the year-earlier interval, Muthoot Finance mentioned in a regulatory submitting.
Interest earnings in the course of the quarter elevated to â¹3,683 crore as in contrast to â¹3,010 crore a yr in the past.
Muthoot Finance board additionally authorised elevating of funds by issuance of redeemable non-convertible debentures, by public difficulty, for up to â¹6,000 crore to be issued in a number of tranches.
The board has cleared a proposal for elevating of funds by issuance of redeemable non-convertible debentures, by personal placement, for an quantity of up to â¹10,000 crore to be issued in a number of tranches, it mentioned.
