Muthoot Finance posted a consolidated internet revenue of ₹1,001.96 crore for the second quarter ended September 30, 2021, rising per cent from ₹926.08 crore recorded within the year-ago interval.
Mortgage belongings of the group on the finish of the primary half of the present monetary yr elevated 17 per cent to ₹60,919 crore, the corporate mentioned in a regulatory submitting on Thursday, as in opposition to ₹52,286 crore a yr in the past.
Complete income from operations elevated to ₹3052.16 crore throughout the quarter, versus ₹2,821.02 crore. Of this, curiosity earnings was ₹3,003.28 crore, as in comparison with ₹2,728.99 crore.
“The contribution of our subsidiaries to the general consolidated AUM stands regular at 10%. As a accountable NBFC, we now have been persistently working in direction of an total development technique specializing in governance, efficiency and ESG framework,” mentioned George Jacob Muthoot, Chairman, Muthoot Group.
“The demand setting stays sturdy and as we enter the festive season we stay optimistic about development momentum in gold mortgage over the second half of FY22. We’re optimistic about rising our gold mortgage guide additional and preserve 15 per cent development steerage for FY22,” mentioned George Alexander Muthoot, Managing Director, Muthoot Finance.
On standalone foundation, Muthoot Finance registered a internet revenue of ₹994 crore, rising 2 per cent from ₹971 crore. Earnings per share went up from ₹24.77 per share to ₹24.21 per share.
Standalone mortgage belongings below the NBFC grew to ₹55,147 crore from ₹52,614 crore, making a development of 5 per cent on-year. Common mortgage ticket dimension elevated to ₹62,054 within the first half of the fiscal from ₹60,642 in the identical interval final yr
Supply: Live Mint