Gruh Finance net up 32%

Gruh Finance Ltd has registered net profit of Rs 120.34 crore for the year ended March 31, 2012 against Rs 91.51 crore for the previous year, up by 32 per cent. The board of directors of the company has recommend payment of dividend for the year ended March, 2012 of Rs 11.50 per equity share, which includes regular dividend of Rs 8.50 per share plus special silver jubilee dividend of Rs 2.50 per share as against Rs 11 per share dividend paid in the previous year. The dividend payout ratio for the year inclusive of tax on dividend will be 39.30 per cent.