Muthoot Finance on Tuesday reported a consolidated net profit of Rs 1,006.6 crore in the third quarter.NBFC Muthoot Finance on Tuesday reported a 17% year-on-year increase in its third quarter consolidated net profits to Rs 1006.6 crore with its gold loan portfolio growing robustly.The Kerala-based lender said its consolidated loan assets under management (AUM) increased 28 % year on year to touch Rs55,800 crore during the quarter.The finance company, which also operates home loan, microfinance and insurance broking subsidiaries, said net profit of the gold loan division, Muthoot Finance (MFIN), increased 22 % YoY to touch Rs 991 crore.Managing director…
Quarterly Results: Dhanlaxmi Bank Q3 net plunges 44.5% on higher wage bill
Dhanlaxmi Bank had reported a net profit of Rs21.28 crore in the third quarter of last fiscal and Rs14.01 crore in the second quarter of FY21.Dhanlaxmi Bank on Tuesday reported a 44.5% year-on-year decline in its third-quarter net profits to Rs11.8 crore mostly on higher wage bill and lower interest income.Provisions for wages and pensions of the Thrissur-based lender has increased by 40% YoY to touch Rs70.27 crore as against Rs50.13 crore reported in the year-ago period. The lender had reported a net profit of Rs21.28 crore in the third quarter of last fiscal and Rs14.01 crore in the second…
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