Muthoot Finance posted a consolidated net profit of ₹1,001.96 crore for the second quarter ended September 30, 2021, a percentage increase from ₹926.08 crore was registered in the year-ago period.
The group’s debt assets grew by 17 per cent at the end of the first half of the current financial year. ₹60,919 crore, the company said in a regulatory filing on Thursday, as ₹52,286 crore a year ago.
Increased total revenue from operations ₹3052.16 crore during the quarter, as against ₹2,821.02 crore. out of which interest income was ₹3,003.28 crore, as compared to ₹2,728.99 crore.
“The contribution of our subsidiaries to the overall consolidated AUM is stable at 10%. George Jacob Muthoot, Chairman, Muthoot Group said, “As a responsible NBFC, we are relentlessly working towards a holistic growth strategy with focus on governance, performance and ESG framework.
“The demand environment remains strong and as we enter the festive season, we remain optimistic about the pace of growth in gold loans in the second half of FY12. George Alexander Muthoot, Managing Director, Muthoot Finance said, “We are optimistic about further expanding our gold loan book and maintaining our guidance of 15 per cent growth for FY12.
On a standalone basis, Muthoot Finance reported a net profit of ₹994 crore, an increase of 2 percent from ₹971 crores. Earnings per share grew ₹24.77 per share to ₹24.21 per share.
Standalone loan assets under NBFCs increased ₹55,147 crore from ₹52,614 crore, an increase of 5 per cent year-on-year. Average loan ticket size increased ₹From 62,054 in the first half of the financial year ₹60,642 in the same period last year
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