Reliance Home Finance FYI5 Net rises 59.2% to Rs 69.06 crore

Reliance Home Finance today reported 59.2 per cent jump in net profit at Rs 69.06 crore for the fiscal ended March 2015 on account of higher interest income.
The company's net profit in the previous fiscal stood at Rs 43.39 crore, it said in a filing to the BSE.
Its total income during the 2014-15 fiscal increased to Rs 512.6 crore, up from Rs 429.72 crore in the previous fiscal.
Total interest earned stood at Rs 441.8 crore during the 2014-15 fiscal, up from Rs 389.19 crore in the previous financial year.
Interest from housing and other loans increased to Rs 437.91 crore as against Rs 382.41 crore in the year ago period.

The company's gross non-performing assets (NPAs) or bad loans were trimmed at 1.04 per cent of gross advances during 2014-15, down from 1.66 per cent a year ago.
Besides, net NPAs were down at 0.81 per cent of net advances as against 1.29 per cent a year ago.