Muthoot Finance, the gold financing company, posted a 15 per cent rise in net profit for the nine months of FY19 at ₹1,460 crore against ₹1,269 crore in the corresponding period of the previous year.

The net profit in Q3 rose 1 per cent at ₹485 crore vis-a-vis ₹479 crore in the corresponding period of the previous fiscal.

Loan assets stood at ₹32,470 crore as of December 31, 2018, against ₹28,269 crore as of December 31, 2017.

During the quarter, loan assets increased by ₹151 crore.

Muthoot Homefin India, the wholly-owned subsidiary, saw an increase in its loan portfolio at ₹1,835 crore against ₹1,100 crore in the previous year.

It achieved a net profit of ₹9 crore in Q3 FY19. Belstar Investment and Finance Pvt Ltd, an RBI-registered micro finance NBFC and subsidiary company where Muthoot Finance holds 70.01 per cent stake, achieved a PAT of ₹25 crore in Q3 of FY19.

Muthoot Insurance Brokers Pvt Ltd, an IRDAI-registered direct broker in insurance products, generated a first-year premium collection amounting to ₹62 crore during Q3 of FY19.

It generated a PAT of ₹4 crore during Q3 FY19. The Sri Lankan subsidiary, Asia Asset Finance PLC, increased its loan portfolio to LKR1,163 crore against last year’s LKR975 crore. It generated a profit after tax of LKR1 crore during Q3. “The third quarter was a turbulent period for all NBFCs because of concerns on liquidity scenario. Muthoot Finance, as a responsible company to all the stakeholders, acted cautiously and conserved liquidity rather than growth. Hence, our loan assets remained flat for the quarter,” said MG George Muthoot, Chairman.

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