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Business EconomyPosted at: Apr 19 2016 4:38PM


Muthoot Capital Q4 net rises by 11.53 per cent

Mumbai, Apr 19(UNI) Muthoot Capital Services Ltd (MCSL), the first
listed entity of the 129-year old Muthoot Pappachan Group, has
reported a rise of 11.53 percent in its net profit at Rs 6.87 ncrore
for the quarter ended March 31. 2016 ascompared with net profit of
Rs6.16 crore fot the same period last year
The total income has increased to Rs 63.41 crores during the quarter
ended 31st March 2016, from Rs. 51.98 crores during the same period
last year, registering a growth of 22 percent .
Interest expenditure increased from Rs 19.62 crores during the same
period last year to Rs. 22.34 crores, recording an increase of 13.86
percent.
The total expenses during the corresponding period recorded an
increase of 24 percent , up from Rs. 42.25 crores to Rs 52.45
crores.
The profit before tax recorded an increase of 12.54 percent from
Rs 9.73 crores during the corresponding period of last year to
Rs. 10.95 crores during the quarter ended 31st March 2016.
The yearly results also showed an impressive growth, with total
income increasing to Rs228.49 crores compared to Rs. 191.29 crores
during 2014-’15, recording a growth of 19.44 percent.
The net profit for the year at Rs. 22.85 crores was higher by 2.5
percent compared to Rs. 22.29 crores for the previous year.
The interest expenses during the period went up from Rs 76.77 crores
to Rs. 87 crores, which is an increase of 13.33 percent.
The total expenses rose from Rs 157.12 crores to Rs. 193.04 crores,
recording an increase of 22.86 percent.
The Board also confirmed the interim dividend of Rs. 5.50 per share
declared on 11th March 2016 as the final dividend for the year
2015-16.
Commenting on the results, Muthoot Capital’s Managing Director Mr.
Thomas George Muthoot said the excitement was largely on account of
looking at business opportunities beyond the existing two-wheeler
financing in the already established markets.
The Company, after successful operations in South India and Western
India, has expanded into the North Indian and East Indian markets
besides diversifying into SME and corporate loans.
UNI JS NV HK1635
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