Muthoot Capital Services reports decline in net profit in Q3
January 31, 2021
Thomas George Muthoot, Managing Director, Muthoot Capital Services Ltd×
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The net profit of Muthoot Capital Services Ltd reduced to Rs 14 crore in Q3 of FY21 compared to Rs 19 crore in the same quarter last year.
The total income for the quarter touched Rs 120.7 crore. With things slowly starting to return back to normal, the company while continuing to adopt a conservative approach, disbursed two-wheeler loans amounting to Rs 304 crore only and had a total disbursement of Rs 326 crore during the quarter. The total AUM reached Rs 2,224 crore at the end of the quarter, including the assigned portfolio of Rs 25 crore.