Gold loan company Muthoot Finance has declared a net profit of R194 crore for the third quarter of the current fiscal, which is 28% lower than the year-ago figure of R270 crore.

Sequentially, the net profit declined 8% to R194 crore from R211 crore in Q2FY 14.

The company also recorded a decline in its loan book, total income and average loan ticket size for the quarter, as it felt the tightening effect of regulation and higher borrowing cost.