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Gruh Finance Ltd, a subsidiary of HDFC Ltd, has reported an increase of net profit by 20 per cent in the first quarter of 2015-16, ended June 30, 2015.
The Board of Directors of the Ahmedabad-registered company informed that profit after tax (PAT) increased from Rs 41.91 crore to Rs 50.31 crore during the period under review, according to a press release here.
The housing loan portfolio, as at June 30, amounted to Rs 9,329.23 crore as against Rs 7,388.28 crore in the previous year, an increase of 26 per cent.
Loan disbursements during the quarter were Rs 773.35 crore, as against Rs 690.03 crore, a growth of 12 per cent.
The gross NPA as at June 30 stands at Rs 48.34 crore or 0.52 per cent.
Gruh Finance’s deposit portfolio increased from Rs 1,122.95 crore to Rs 1,296.49 crore as at June 30, the release added.
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