Money & Banking

Gruh Finance H1 net surges to Rs 54 cr

Our Bureau Ahmedabad | Updated on March 12, 2018 Published on October 13, 2012

Gruh Finance Ltd, a subsidiary of HDFC Ltd, has reported an increase of 30% in profit after tax (PAT) and 32% in loan portfolio in the first half of 2012-13, ended September 30, 2012, as compared to the corresponding period last fiscal.

While the loan portfolio amounted to Rs 4,672 crore (Rs 3,544 crore), the net profit stood at Rs 54 crore (Rs 41 crore).

On Friday, the company’s share price closed at Rs 187.90, down 4.52% on the BSE.

Loan disbursements during the period were Rs. 960 crores (Rs. 645 crores), indicating a growth of 48%.Cumulative loan disbursements as of September 30, 2012 were Rs. 8,302 crores.

The company’s deposit portfolio was Rs. 579 crores (Rs. 315 crores).

Published on October 13, 2012
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