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Gruh Finance Ltd, a subsidiary of HDFC Ltd, on Friday said its profit after tax increased by 21% in the year ended March 31, 2013, as compared to the corresponding period last fiscal.
Releasing the annual audited accounts, the company said that its PAT increased from Rs 120.34 crore in 2011-12 to Rs 145.88 crore in 2012-13.
The Board of Directors recommended payment of dividend of Rs 2.50 per equity share as against Rs 2.30 per share in the previous year (Rs 11.50 per share prior to split).
Dividend and the distribution tax on dividend on equity shares have absorbed Rs 44.62 crores and Rs 7.58 crores.
The company’s loan portfolio for the year-ended March 31, 2013, amounted to Rs 5,437.80 crores (Rs 4,066.80 crores), an increase of 34%. Loan disbursements were Rs 2,174.39 crores (Rs 1,486.52 crores), a growth of 46%. Cumulative loan disbursements were at Rs 9,516.58 crores.
The gross NPA as at March 31, 2013, stands at Rs 17.64 crores, constituting 0.32% of the total loan outstanding of Rs 5,437.80 crores as against gross NPA for the previous year at Rs 21.11 crores, or 0.52% of the outstanding loans
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