Kochi, Aug 10 (IANS): Gold financing firm Muthoot Finance on Monday reported Rs.183 net profit in first quarter of 2015-16, marginally up by 1.6 percent from Rs.180 crore in same period last year.
"Total income grew 4.7 percent to Rs.1,140 crore in the quarter under review from Rs.1,088 crore in same period year ago," the city-based company said in a statement.
Sequentially, net profit increased 11 percent from Rs.165 crore and income 3.6 percent from Rs.1,100 crore.
Provisioning and write-offs, however shot up 38 percent to Rs.11 crore from Rs.8 crore but declined 50 percent sequentially from Rs.22 crore.