GRUH Finance declares Q4FY16 results, stock rises

GRUH Finance declared its fourth quarterly results on April 19. The company’s revenue increased by 13.4 per cent to Rs 367 crore in Q4FY16 as compared to previous quarter. Its total expenditure declined by 30.21 per cent to Rs 26.24 crore in Q4FY16 on quarterly basis.

GRUH Finance’s EBITDA increased by 19.14 per cent to Rs 341 crore in Q4FY16 as compared to previous quarter. The company’s interest expense rose by 5.75 per cent to Rs 215 crore in Q4FY16 on quarterly basis. Its bottom line also boosted by 63.41 per cent to Rs 88 crore in Q4FY16 as compared to previous quarter.

On yearly basis, GRUH Finance’s revenue increased by 20.29 per cent to Rs 1275 crore in FY16 as compared to previous financial year. The company’s EBITDA to rose by 19.62 per cent to Rs 1172 crore in FY16 on yearly basis. Its interest expense increased by 19.13 per cent to Rs 807 crore in FY16 from Rs 678 crore in FY15. GRUH Finance net profit also rose by 19.52 per cent to Rs 244 crore in FY16 as compared to previous financial year.

On asset quality front, GRUH Finance’s loan assets increased by 25 per cent from Rs 8926 crore as of FY15 to Rs 11115 crore as of FY16. The company’s gross NPA stood at 0.32 per cent while net NPA at 0.09 per cent as of FY16. Share price of GRUH Finance increased by 3.44 per cent on bourses in early trades and is trading at Rs 263.8 on intraday basis.

GRUH Finance provides home loans to individuals, and families for purchase, construction and extension. The company also provides loans for repair and renovation of houses and home loans to families in the self-employed category. GRUH Finance offers loans for purchase and construction of non- residential properties (NRP) and also offers mortgage loans against existing residential and commercial properties.