Moneycontrol
Last Updated : Oct 13, 2016 10:32 AM IST | Source: PTI

Gruh Finance profit rises 19.5% in Q2

Company‘s net profit stood at Rs. 51.7 crore in the July-September quarter of 2015-16.

 
 
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Gruh Finance, a subsidiary of HDFC Ltd, has reported 19.53 percent 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.

First Published on Oct 13, 2016 08:40 am
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