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Managing Director SK Hota said going forward, every quarter is expected to be a better quarter.
With the substantial progress on promoter stake reduction and full provision for IL&FS, the key overhang on the stock is behind us
The lender's advances book grew at an accelerated pace of 46% YoY in Q3, increasing to Rs 35,599 crore.
While the core mortgage business is on a stable growth trajectory, the financial conglomerate stands to gain from equally strong performance of its subsidiaries. Investors cannot ignore this financial powerhouse.
Gruh Finance's Q3 earnings beat estimates as the company saw strong disbursement growth on low-base effect. In an interview with CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
Gruh Finance saw strong disbursements in the quarter gone by but loan growth was on the lower side. In an interview to CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
GRUH Finance reported a good set of numbers in the second quarter ended September on the back of a strong loan growth. The company‘s management has said that pure home loan portfolio will continue to grow at 20 percent going ahead.
In an interview with CNBC-TV18, Sanjiv Bhasin of IIFL said that these are standout earnings numbers from IndusInd and the bank will continue to command a premium valuation.
Budget 2016 real estate allotment and 'Housing for All' initiative will improve the industry conditions in India, says Sudhin Choksey, the managing director of Gruh Finance.
Net interest income, the difference between interest earned and interest expended, may grow 25.5 percent to Rs 118 crore during the quarter compared to Rs 94 crore in same period last year.
Managing Director of GRUH Sudhin Choksey says the company‘s gross non-performing assets (NPA) rose to 0.58 percent and its asset quality is under pressure.
The company‘s gross NPA improved to 0.28 percent versus 0.57 percent QoQ.
The company posted a net interest income of Rs 125 crore for the first half of FY14. Also, the net interest margins ratio of the company is at around 4.14 percent, marginal reduction from the FY13 NIM of 4.38 percent.