New Delhi: Gold financing company Muthoot Finance Wednesday reported a marginal growth in net profit at Rs 183 crore for the first quarter ended June 30.
The company earned a net profit of Rs 180 crore in the April-June quarter of 2014-15.
The total income of the company rose to Rs 1,143 crore during the quarter under review as compared to Rs 1,092 crore in the same period last year, Muthoot Finance said in a statement.
The asset under management under the retail loan stands at Rs 24,409 crore.
The company's capital adequacy ratio declined to 24.15 percent as against 26.79 percent at the end of June, 2014.
Commenting on the results, Muthoot Finance chairman M G George Muthoot said "in spite of challenges of slower growth in economy, the company could do well in the quarter with a growth of Rs 1,001 crore."
He added that during the quarter, Muthoot introduced facility for online payment of interest for gold loan customers, which has received good response with the number of customers using the facility increasing day by day.
