Gruh Finance has reported results for fourth quarter ended March 31, 2013
The company has posted a rise of 13.48% in its net profit at Rs 63.06 crore for the quarter ended March 31, 2013 as compared to Rs 55.57 crore for the same quarter in the previous year. Total income of the company has increased by 17.19% at Rs 194.22 crore for quarter under review as compared to Rs 165.73 crore for the quarter ended March 31, 2012.
For the full year ended March 31, 2013, the company has posted a rise of 21.22% in its net profit at Rs 145.88 crore as compared to Rs 120.34 crore for the same period in the previous year. Total income has increased by 26.49% at Rs 650.45 crore for year under review as compared to Rs 514.24 crore for the period ended March 31, 2012.
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.
