Q4FY17 Results : Gruh Finance
DSIJ Intelligence / 17 Apr 2017
On a yearly basis, its NII increased by 22% YoY in FY17 to Rs 567 crore as compared to Rs. 467 crore in FY16. Its net profit for the year also grew 22% YoY to Rs. 296.6 crore.
Gruh Finance reported its standalone Q4FY17 results today.
The company’s net interest income (NII) for the quarter grew by 22% QoQ to Rs. 186 crore as against Rs.152 crore in Q4FY16.
The company’s has reduced provisions for bad loans by 96% QoQ to Rs 1.35 crore. This has led to an increase in net profit by 73% QoQ to Rs110.7 crore in Q4FY17 as against Rs 87 crore in Q3Y17.
The company’s loan book grew 19% YoY to Rs 13,244 crore in FY17 as compared to Rs. 11,115 crore in FY16.
The company’s GNPA decreased 0.31% in FY17 as compared to 0.32% in FY16 and its NNPA was nil in FY17 versus 0.09% in FY16.
On a yearly basis, its NII increased by 22% YoY in FY17 to Rs 567 crore as compared to Rs. 467 crore in FY16. Its net profit for the year also grew 22% YoY to Rs. 296.6 crore
Gruh Finance Ltd is an Indian housing financing company that offers loans to individuals for purchase, construction, repairs and renovation of dwelling units. The company operates in only one business segment, namely, home loan.
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