Muthoot Capital Services Ltd has recommended a dividend of Rs 3.5 per share (Face value Rs 10) on the back of good performance during FY12.
The company, a listed entity of the Muthoot Pappachan Group, has registered an increase of 78.51 per cent in the revenues to Rs 67.35 crore as compared to Rs 37.73 crore registered last year.
The PAT stood at Rs 15.51 crore (Rs 9.67 crore), recording an increase of 60.47 per cent. The total loan portfolio increased to Rs 296.79 crore (Rs 175.27 crore) an increase of 69.33 per cent. At present, the company has more than one lakh borrowers, mainly under the two-wheeler category.
Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services, said the company's focussed approach in targeting customers in various States, tapping healthy appetite for growth in automotive segment and offering competitive rates has translated into reporting superior performance.
During the current fiscal, the company will be targeting to reach out to more number of customers thereby adding to our customer base. With its strong presence in four prominent States in South India, the company will be strengthening its operations in Maharashtra and Gujarat region too in the coming year, he said.
The Muthoot Pappachan Group is seeing very strong growth in various verticals like vehicle, housing, micro finance, etc.