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Gruh Finance reports 20% rise in Q3 net profit

15 Jan 2016 Evaluate

Gruh Finance has reported results for third quarter ended December 30, 2015.

The Company has posted a rise of 20.12% in its net profit at Rs 53.74 crore for the quarter ended December 30, 2015 as compared to Rs 44.74 crore for the same quarter in the previous year.  Total income has increased by 19.34% at Rs 323.55 crore for quarter under review as compared to Rs 271.11 crore for the quarter ended December 30, 2014.

Gruh Financehas is primarily engaged in the business of providing long term finance to individuals for construction, purchase, extension, repair and renovation of their homes. It also provides loans to professionals for office premises.

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