Monday 19 January 2015

Gruh Finance edges higher on reporting 27% rise in Q3 net profit

     Gruh Finance has registered 26.96% rise in its net profit at Rs 44.74 crore for third quarter ended December 31, 2014 as compared to Rs 35.24 crore for the same quarter in the previous year. Total income of the company has increased 24.71% at Rs 271.11 crore for Q3FY15 as compared Rs 217.39 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.
     Gruh Finance is currently trading at Rs. 312.00, up by 1.65 points or 0.53 % from its previous closing of Rs. 310.35 on the BSE.

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