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Indian-Commodity  :  Corporate  :  Gruh Finance reports 25% rise in Q2 net profit

Gruh Finance reports 25% rise in Q2 net profit (16-Oct-2017)

Gruh Finance has reported results for second quarter ended September 30, 2017

The company has reported a rise of 25.48% in its net profit at Rs 77.77 crore for the quarter under review as compared to net profit of Rs 61.98 crore for the same quarter in the previous year. Total income from operations of the company increased by 12.69% at Rs 414.05 crore for Q2FY18 as compared Rs 367.43 crore for the corresponding quarter 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.

 


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