Gruh Finance has reported results for the quarter ended June 30, 2011
The company’s net profit after tax for the quarter ended June 30, 2011 surged by 28.84% at Rs 20.55 crore as compared to Rs 15.95 crore for the quarter ended June 30, 2010. Its total income has increased by 43.56% to Rs 112.64 crore for the quarter under review from Rs 78.46 crore for the similar quarter of the previous year.
Gruh Finance 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.
