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Muthoot Finance Beats Demonetization pain In Q3

Muthoot Finance Beats Demonetization pain In Q3

Tuesday, February 14, 2017, 2:37 PM

Muthoot Finance posted a 56% increase in net profit for the quarter ended December 2016, beating demonetization pains that were perceived as a negative for the companies dealing in microfinance and gold loan disbursement. In the quarter ended December 31, 2016, Muthoot Finance posted a net profit of Rs. 291 crore, compared with a net profit of Rs 187 crore for the previous year.
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