Muthoot Finance Q1 net up twofold to Rs 190 Crores

Muthoot Finance, a gold medal Finance NBFC, today declared a double jump in net profit to Rs 190 crore for the first quarter ending June 30

The company recorded a net profit of Rs 84.8 crore in the same quarter last fiscal year, Muthoot Finance, said in an application to the Bombay Stock Exchange.

The company's total income increased by 140.5% to Rs 920 crore from RS 380 crore in the corresponding period last year.