Muthoot Capital Services Ltd has recorded a PAT of Rs 15.71 crore in Q3 of the current fiscal against Rs 6.44 crore in the corresponding period of the previous fiscal, registering a growth of 144 per cent.

The total income for the quarter touched Rs 105.22 crore against Rs 70.07 crore for the corresponding quarter of the previous year. The company disbursed two-wheeler loans of Rs 485.89 crore during the quarter (Rs 270.95 crore for the corresponding quarter of the previous year) and a total disbursement of Rs 526.09 crore compared to Rs 313.90 crore for the corresponding quarter in the previous year. The total AUM including managed portfolio, reached Rs 1,979.56 crore at the end of the quarter.

The company successfully did a QIP raising Rs 165 crore, getting high-profile mutual funds and other investors. The equity raise, besides helping the company improve its capital adequacy, will also help it grow aggressively in existing and new geographies over the next few quarters.

As part of the strategy towards customer-centric digital transformation, the Muthoot Pappachan Group has taken several robust and strategic steps, such as investment in new-age fintech start-ups and SMS-based transactions for gold loans. Muthoot Capital Services, being one of the key and core companies in the group, has also taken several strategic and smart initiatives resulting in the exemplary performance. The QIP successfully concluded in the current quarter will enhance the performance of the company through funds for faster growth in operations, lower leveraging, higher capital adequacy and lower cost of funds, said Thomas George Muthoot, Managing Director.