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Gruh Finance jumps after strong Q4 earnings

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surged 7.31% to Rs 396.85 at 9:21 on after net profit rose 25.76% to Rs 110.45 crore on 13.4% rise in from operations to Rs 416.11 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 17 April 2017.

Meanwhile, the S&P Sensex was up 187 points or 0.64% at 29,600.66.

On the BSE, 57,000 shares were traded on the counter so far as against the average daily volumes of 31,000 shares in the past two weeks. The stock had hit a high of Rs 398.90 and a low of Rs 386 so far during the day.

The company's loan assets have increased to Rs 13244 crore as on 31 March 2017, from Rs 11115 crore as on 31 March 2016, registering a growth of 19%.

Gruh Finance's board of directors at a meeting held yesterday, 17 April 2017, recommended a dividend of Rs 2.80 per share for the year ended 31 March 2017.

Gruh Finance's main business is to provide loans for purchase or construction of residential houses.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 09:23 IST