The country's largest gold loan firm Muthoot Finance today reported a whopping 88 per cent spike in net income at over Rs 215 crore driven by a massive 110 per cent jump in revenue for the second quarter ending September 30. Amid soaring gold prices,the net sales of the Kerala-based company during the reporting quarter rose to Rs 1,098.41 crore compared to Rs 523.65 crore in the year ago period,recording a growth of 110 percent,while net profit jumped to Rs 215.55 crore,logging in a growth of 88 per cent as against Rs 114.48 crore in the same period last fiscal. The EPS or earnings per share stood at Rs 5.80,compared to Rs 3.67 per share in the year-ago period,the company said in a statement here. Meanwhile,for the first half of the fiscal,the company's net sales rose to Rs 2,012.61 crore compared to Rs 902.72 crore,a growth of 123 percent,while net profit rose to Rs 406.01 crore,registering a growth of 104 percent against Rs 199.28 crore in the H1 of last fiscal.
