Gruh Finance vaults after robust Q2 result

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Capital Market
Last Updated : Oct 16 2017 | 10:01 AM IST

Gruh Finance gained 2.26% to Rs 533.95 at 09:39 IST on BSE after net profit rose 25.48% to Rs 77.77 crore on 12.69% rise in total income to Rs 414.05 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 14 October 2017.

Meanwhile, the S&P BSE Sensex was up 235.94 points or 0.73% at 32,668.63.

On the BSE, 3,563 shares were traded on the counter so far as against the average daily volumes of 40,039 shares in the past one quarter. The stock had hit a high of Rs 538.50 and a low of Rs 529.95 so far during the day. The stock hit high a record high of Rs 551 on 21 September 2017. The stock hit a 52-week low of Rs 270 on 15 November 2016.

The large-cap company has an equity capital of Rs 73.08 crore. Face value per share is Rs 2.

The company's loan assets have increased 18% to Rs 14304 crore as on 30 September 2017, from Rs 12089 crore as on 30 September 2016.

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

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First Published: Oct 16 2017 | 9:45 AM IST

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