Muthoot Finance on Wednesday reported a 22.5% rise in consolidated net profit to â¹1,145 crore in the December quarter.
The gold loan company’s net profit stood at â¹934 crore in the year-ago period.
Total income during the third quarter of the ongoing fiscal rose to â¹3,843 crore, as against â¹3,030 crore in the year-earlier period, Muthoot Finance said in a regulatory filing.
Interest income during the quarter increased to â¹3,683 crore as compared to â¹3,010 crore a year ago.
Muthoot Finance board also approved raising of funds by issuance of redeemable non-convertible debentures, through public issue, for up to â¹6,000 crore to be issued in one or more tranches.
The board has cleared a proposal for raising of funds by issuance of redeemable non-convertible debentures, through private placement, for an amount of up to â¹10,000 crore to be issued in one or more tranches, it said.