Money & Banking

Gruh Finance Q2 net up 23%

Our Bureau Ahmedabad | Updated on January 08, 2018 Published on October 15, 2017

Housing finance player Gruh Finance Ltd on Saturday announced 23 per cent rise in the net profit for the quarter ended September 2017, at Rs 150 crore as against Rs 122 crore in the corresponding quarter a year ago.

The company's loan portfolio increased by 18 per cent to Rs 14,304 crore for the quarter as against Rs 12,089 crore a year ago period. Gross NPAs stood at Rs 95.55 crore or 0.67 per cent as on September 30.

Loan disbursements during the quarter stood at Rs 2,483 crore as against Rs 1,945 crore in the previous year indicating a growth of 28 per cent, the company informed in a statement.

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Published on October 15, 2017
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