Muthoot Capital raises another Rs100 cr through securitisation

KOCHI: Muthoot Capital Services Ltd (Muthoot Capital) has concluded securitisation of Rs98.68 crore worth of loans on February 29.

With this transaction, the company has so far raised total funds of Rs819.67 crore through securitization and direct assignment transactions during the financial year 2019-20.

The company said the entire pool of these transactions is from non-priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India (RBI) in this regard.

The company had a relatively poor performance for the third quarter ending December 31, 2019 with the net profit declining 22.78 per cent to Rs18.95 crore as against Rs24.54 crore during the previous quarter ended December 2018.

Total revenue increased 11.47 per cent to Rs150.69 crore in the said quarter as against Rs135.18 crore reported for the previous quarter ended December 2018.

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