Gruh Finance profit rises 19.5 pc in Jul-Sep

Image
Press Trust of India New Delhi
Last Updated : Oct 10 2016 | 9:23 PM IST
Gruh Finance, a subsidiary of HDFC Ltd, has reported 19.53 per cent rise in net profit at Rs 61.8 crore for the second quarter ended September 30.
Company's net profit stood at Rs 51.7 crore in the July- September quarter of 2015-16.
"Total income has increased to Rs 367.43 crore for the quarter ended September 30, 2016 from Rs 311.81 crore for the quarter ended September 30, 2015 to," it said in a regulatory filing.
Gruh Finance offers affordable housing loans in the rural and semi urban locations.
As on September 30, 2016 company's cumulative disbursements were at Rs 21,016.83 crore.
Shares of the company closed 0.59 per cent down at Rs 355.35 on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2016 | 9:23 PM IST

Next Story