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.

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.