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Home financing player Gruh Finance Ltd posted net profit of Rs 72 crore for the quarter ended June 2017 as against Rs 60 crore for the corresponding quarter a year ago, showing 20 per cent growth on year-on-year basis. The company's net interest margins improved by 33 per cent to Rs 151 crore for the quarter under review as against Rs 114 crore in the same quarter last year.
Gruh Finance registered 19 per cent growth in the loan assets at Rs 13,695 crore for the quarter as against Rs 11,544 crore for the corresponding quarter last year with disbursements at Rs 1,200 crore as against Rs 940 crore.
The company further informed that the gross non-performing assets as on June 30 stood at Rs 87.25 crore or 0.64 per cent of the total loan outstanding, while net NPAs stood at Rs 21.51 crore or 0.16 per cent of the total outstanding loan.
Gruh Finance shares ended negative at Rs 490.65, down 0.5 per cent from the previous close on the National Stock Exchange.
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