Q3FY17 Quarterly Result: GRUH Finance Ltd.
Bhagyashree Vivarekar / 13 Jan 2017
The total sales for this quarter, Q3FY17, came in at Rs 381.02 crore. This represents a 3.7 per cent sequential increase and 17.76 per cent YoY increase. PAT figure of Rs 64.04 crore, which represents a sequential QoQ increase of 3.32 per cent and a YoY increase of 19.17 per cent.
GRUH Finance Ltd. reported its results for the quarter ended December 31, 2016, during market hours today.
The total sales for this quarter, Q3FY17, came in at Rs 381.02 crore. This represents a 3.7 per cent sequential increase and 17.76 per cent YoY increase.
The operating profit (EBIT) for the recently concluded quarter amounted to Rs 326.35 crore and the EBIT margin stood at 85.65 per cent.
In terms of the bottomline, the company reported a PAT figure of Rs 64.04 crore, which represents a sequential QoQ increase of 3.32 per cent and a YoY increase of 19.17 per cent.
The company's stock, which opened for trading at Rs. 329.8 on the BSE, fell 2.17 per cent after the results were declared and is currently trading around the Rs 329.8 mark."
Gruh Finance Ltd. is a housing finance company recognised by National Housing Bank. Gruh offers loans to individuals for purchase, construction, repairs, renovation of dwelling units. Gruh also offers loans to the self employed segment where informal income proofs are not available. The income of such applicants is appraised based on field investigation and surrogate income proof. The company also offers loans to professionals for purchase of office premises.
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