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Gruh Finance reports 19% rise in Q3 net profit

13 Jan 2017 Evaluate

Gruh Finance has reported results for third quarter ended December 31, 2016. 

The company has reported 19.17% rise in its net profit at Rs 64.04 crore for the quarter under review as compared to Rs 53.74 crore for the same quarter in the previous year. Total income of the company increased by 17.76% at Rs 381.02 crore for the quarter under review as compared Rs 323.55 crore for the corresponding quarter previous year.

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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