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BSE   14 Jun 19 | 12:00 AM

633.50 -9.2 (-1.43%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 533398
Face Value: N.A.

NSE   14 Jun 19 | 12:00 AM

634.15 -7.6 (-1.18%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: MUTHOOTFIN
Performance
1 Week : Rs 616.15 (2.82%)
1 Month : Rs 577.50 (9.70%)
1 Year : Rs 386.40 (63.95%)
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Gold finance major Muthoot Finance's Q1 net up 48%

BS Reporter / Mumbai 28 Jul 16 | 07:46 PM

Gold financing company Muthoot Finance Ltd has posted 48% rise in net profit at Rs 270 crore in first quarter ended June 2016 on improvement in collection efficiency.

It had posted a net profit of Rs 183 crore in April-June 2015. Its stock closed 3% higher at 318 per share on the Bombay Stock Exchange.

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George Alexander Muthoot, its Managing Director said, the interest income has seen substantial growth on sustained improvement in collection efficiency for loans.

The Net Interest Margin (NIM) stood at 11% for Q1. The Asset under Management (AUM) increased by 6% at Rs 25, 860 crore at the end of June 30, 2016 as against Rs 24,409 crore last year.

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