Leading two wheeler finance company The Muthoot Capital Services Ltd recorded a net profit of Rs 6.09 crore for the first quarter of 2017-18, an increase of 36 per cent compared to the corresponding quarter last year. The company grew its Assets under Management (AUM) from Rs 1,090 crore as of June 30, 2016 to Rs 1,559 crore as on June 30 2017, a growth of 43 per cent in the current quarter. Muthoot Capital Services Ltd achieved a total income of Rs 79.76 crore for the quarter ended June 30 2017 as against Rs 64.26 crore for the same period last year, a growth of 24.1 per cent, a company release said. Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited, said that "We have been and continue to be a leading provider of two-wheeler finance in South India. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna July 26, 2017 14:37 UTC