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Gruh Finance posts 19pc rise in Q1 profit at Rs 60 cr

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Press Trust of India New Delhi
Last Updated : Jul 18 2016 | 8:57 PM IST
Gruh Finance, a subsidiary of HDFC Ltd, has reported 19.6 per cent rise in net profit at Rs 60.18 crore for the first quarter ended June 30.
Company's net profit stood at Rs 50.31 crore in the same April-June quarter of 2015-16.
"Total income has increased to Rs 350.12 crore for the quarter ended June 30, 2016 from Rs 296.74 crore year ago", it said in a regulatory filing.
Gruh Finance offers affordable housing loans in the rural and semi urban locations.
As on March 31, 2015 company's cumulative disbursements were at Rs 15,215.12 crore.
Shares of the company closed 0.39 per cent up at Rs 299.60 on BSE.

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First Published: Jul 18 2016 | 8:57 PM IST

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