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Muthoot Finance Q1 profit more than doubles to Rs 190 cr

Muthoot Finance, a gold finance NBFC, on Wednesday reported a two-fold jump in net profit at Rs 190 crore for the first quarter ended on June 30, 2011.

     Last Updated: July 27, 2011  | 21:24 IST

Muthoot Finance, a gold finance NBFC, on Wednesday reported a two-fold jump in net profit at Rs 190 crore for the first quarter ended on June 30, 2011.

The company had posted a net profit Rs 84.8 crore in the corresponding quarter last fiscal, Muthoot Finance said in a filing to the Bombay Stock Exchange (BSE).

Total income of the company rose by 140.5 per cent to Rs 920 crore from Rs 380 crore year-on-year.


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