The company is deposit-taking NBFC & part of Muthoot Group. The group has established a strong reputation and brand in India, particularly in South India. The promoters have more than 30 years of experience in the lending business.
The company started its business in 2-wheeler financing in 1998 and since then expanded into financing used cars, consumer durables, and small-ticket business loans.
Financial Results:
Muthoot Capital Services Ltd reported Revenues for Q1FY24 of ₹107.00 Crores up from ₹106.00 Crore year on year, a rise of 0.94%.
Total Expenses for Q1FY24 of ₹82.00 Crores down from ₹87.00 Crores year on year, a fall of 5.75%.
Consolidated Net Profit of ₹18.00 Crores up 20.0% from ₹15.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹10.79, up 20.42% from ₹8.96 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.