Muthoot Capital posts Q1 net profit of Rs 14.73 cr
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The company reported standalone net profit during the quarter stood at Rs 14.73 crore compared to net loss of Rs 15.04 crore in the previous year quarter. Net revenue of the company rose moderately by 8.36 per cent at Rs 105.98 crore in April-June quarter of this fiscal as against Rs 97.80 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 30.56 per cent to Rs 53.76 crore from Rs 77.42 crore in year ago period. Other Income dipped by 37.50 per cent at Rs 0.05 crore versus (Jun'21 Rs 0.08 crore). Operating Profit surged by 158.19 per cent to Rs 52.62 crore as against Rs 20.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 138.24 per cent in June quarter. Interest declined by 18.47 per cent y-o-y to Rs 32.75 crore, while Taxation increased by 203.06 per cent at Rs 5.05 crore (Jun'21 Rs -4.90 crore).
