HomeNewsBusinessEarningsGruh Finance Q3 profit up 6.5% to Rs 97 cr
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Gruh Finance Q3 profit up 6.5% to Rs 97 cr

The company had recorded a net profit of Rs 90.84 crore in the corresponding quarter of the previous fiscal, Gruh Finance said in a regulatory filing.

PTI
January 25, 2019 / 19:12 IST
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We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Gruh Finance, a subsidiary of HDFC Ltd, on Friday posted a 6.5 percent rise in net profit at Rs 96.95 crore for the third quarter ended December 2018.

The company had recorded a net profit of Rs 90.84 crore in the corresponding quarter of the previous fiscal, Gruh Finance said in a regulatory filing.

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During the period, total income of the lender rose to Rs 540.06 crore as against Rs 432.75 crore during the corresponding period of the previous fiscal.

Earlier this month, private sector lender Bandhan Bank decided to acquire Gruh Finance through a share swap deal.

PTI
first published: Jan 25, 2019 06:58 pm

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