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Banking And Finance

Muthoot Finance pays interim, betters profit in Q 3

By  CL Jose February 8, 2018
Kochi: Muthoot Finance has declared an interim dividend of Rs10 per equity share of Rs10 for the current fiscal ending 2018, the company said in a statement. Meanwhile, the company’s turnover slipped to Rs1566.66 crore in the third quarter of the current financial year, from Rs1669.93 crore in the previous quarter. But the company posted a less revenue of Rs1346.42 crore during the same period last year. Despite a fall in turnover, the company earned marginally higher net profit of Rs463.64 crore in the quarter under review as compared with Rs454.15 crore in the previous quarters. In same period last fiscal, company earned much less profit of Rs291.06 crore.
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CL Jose
Written By

CL Jose

Editor at Business Benchmark News

Have been in the financial media since the early 90s, starting with Financiall Express in Mumbai. Worked in Mumbai editions of Business Standard and Observer of Business and Politics. I spent most of my journalistic career in the GCC - Saudi Arabia, Oman and UAE with various business newspapers, mostly covering banking and finance.