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Muthoot Finance Ltd acquires additional Equity Shares of Belstar Microfinance Ltd

Muthoot Finance Ltd acquires additional Equity Shares of Belstar Microfinance Ltd
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Belstar Microfinance to file for IPO soon - The Hindu BusinessLine

Belstar Microfinance to file for IPO soon - The Hindu BusinessLine
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Muthoot Finance posts 22% rise in net profit in Q4 of FY21 - The Hindu BusinessLine

Muthoot Finance posts 22% rise in net profit in Q4 of FY21 June 02, 2021 George Jacob Muthoot, Chairman, Muthoot Finance× George Jacob Muthoot appointed as the Chairperson of the Board of Directors Gold loan lender Muthoot Finance Ltd has registered a 22 per cent increase in its net profit in Q4 of FY21 at ₹996 crore against ₹815 crore in the corresponding period of the previous year. The net profit for the whole year went up to ₹3,722 crore against ₹3,018 crore, an increase of 23 per cent. Gold loan assets up by ₹2304 crore Loan assets stood at ₹52,622 crore as on March 31, 2021 against ₹41,611 crore as on March 31, 2020, a growth of 26 per cent. During the quarter, gold loan assets increased by ₹2,304 crore.

Muthoot Finance Ltd : Muthoot Finance Q3 results: Net profit rises 22% to Rs 991 cr

Explore Now MUMBAI: Gold loan financier Muthoot Finance Ltd (MFIN) on Tuesday reported a 22 per cent jump in standalone profit after tax at Rs 991.4 crore for the quarter ended December 2020. The company had posted a profit of Rs 815.2 crore in the year-ago period. On a consolidated basis, its profit after tax rose to Rs 1,006.7 crore from Rs 861 crore in the same quarter of the previous fiscal. Total income grew 20 per cent to Rs 2,777 crore from Rs 2,321 crore earlier. The growth during the quarter was very good. Our standalone loan assets. has crossed the landmark of Rs 50,000 crore. Our active customers presently having a loan account also crossed the landmark of 50 lakh customers, the company s Managing Director George Alexander Muthoot said.

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